USD/TRY - 1H - Technical analysis published on 09/15/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 8.4339 TRY
My targets
8.4811 TRY (+0.0270)
8.5221 TRY (+0.0680)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on USD/TRY as long as the price remains well above 8.4339 TRY. The buyers' bullish objective is set at 8.4811 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.5221 TRY. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/TRY rating is 8.4541 TRY. The price has increased by +0.26% since the last closing with the lowest point at 8.4291 TRY and the highest point at 8.4605 TRY. The deviation from the price is +0.30% for the low point and -0.08% for the high point.8.4291
8.4605
8.4541
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/TRY:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/TRY chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 8.3577 | 8.4125 | 8.4339 | 8.4541 | 8.4811 | 8.5221 |
| Change (%) | -1.14% | -0.49% | -0.24% | - | +0.32% | +0.80% |
| Change | -0.0964 | -0.0416 | -0.0202 | - | +0.0270 | +0.0680 |
| Level | Major | Minor | Minor | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3486 | 8.3805 | 8.4063 | 8.4382 | 8.4640 | 8.4959 | 8.5217 |
| Camarilla | 8.4161 | 8.4214 | 8.4267 | 8.4320 | 8.4373 | 8.4426 | 8.4479 |
| Woodie | 8.3455 | 8.3790 | 8.4032 | 8.4367 | 8.4609 | 8.4944 | 8.5186 |
| Fibonacci | 8.3805 | 8.4026 | 8.4162 | 8.4382 | 8.4603 | 8.4739 | 8.4959 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.0671 | 8.1678 | 8.3179 | 8.4186 | 8.5687 | 8.6694 | 8.8195 |
| Camarilla | 8.3990 | 8.4220 | 8.4450 | 8.4680 | 8.4910 | 8.5140 | 8.5370 |
| Woodie | 8.0918 | 8.1802 | 8.3426 | 8.4310 | 8.5934 | 8.6818 | 8.8442 |
| Fibonacci | 8.1678 | 8.2636 | 8.3228 | 8.4186 | 8.5144 | 8.5736 | 8.6694 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7910 | 8.0415 | 8.1806 | 8.4311 | 8.5702 | 8.8207 | 8.9598 |
| Camarilla | 8.2126 | 8.2483 | 8.2840 | 8.3197 | 8.3554 | 8.3911 | 8.4268 |
| Woodie | 7.7353 | 8.0137 | 8.1249 | 8.4033 | 8.5145 | 8.7929 | 8.9041 |
| Fibonacci | 8.0415 | 8.1903 | 8.2823 | 8.4311 | 8.5799 | 8.6719 | 8.8207 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.86 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | -5.8610 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 8.4425 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.4579 | |
| Elder Ray (13): | -0.0012 | |
| Super Trend (3,10): | 8.4201 | |
| Zig ZAG (10): | 8.4430 | |
| VORTEX (21): | 0.9872 | |
| Stochastique (14,3,5): | 65.65 | |
| TEMA (21): | 8.4447 | |
| Williams %R (14): | -7.98 | |
| Chande Momentum Oscillator (20): | 0.0113 | |
| Repulse (5,40,3): | 0.2557 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0006 | |
| Courbe Coppock: | 0.05 |
| MA7: | 8.4358 | |
| MA20: | 8.3968 | |
| MA50: | 8.4879 | |
| MA100: | 8.5041 | |
| MAexp7: | 8.4454 | |
| MAexp20: | 8.4422 | |
| MAexp50: | 8.4421 | |
| MAexp100: | 8.4334 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | +0.68% | |
| Price / MA50: | -0.40% | |
| Price / MA100: | -0.59% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.25% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on USD/TRY at the time of the analysis were as follows:
Upside Potential For USD/TRYThis member declared not having a position on this financial instrument or a related financial instrument.
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