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USD/TRY
USD TRY
- TRY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDTRY
ISIN:

USD/TRY - 1H - Technical analysis published on 09/19/2023 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 26.9665 TRY
My targets
27.1022 TRY (+0.0886)
27.2123 TRY (+0.1987)
My analysis
The basic bullish trend is very strong on USD/TRY but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 26.9665 TRY. Crossing the first resistance at 27.1022 TRY would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 27.2123 TRY as an objective. Caution, a return to below 26.9665 TRY would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/TRY rating is 27.0136 TRY. The price registered an increase of +0.09% on the session and was traded between 26.9422 TRY and 27.0178 TRY over the period. The price is currently at +0.27% from its lowest and -0.02% from its highest.

26.9422
27.0178
27.0136

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of USD/TRY in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

Type : Bearish

Timeframe : 1 hour



From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Central Candlesticks

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour


Bearish doji star

Type : Bearish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 26.5875 26.8180 26.9665 27.0136 27.0265 27.1022 27.2123
Change (%) -1.58% -0.72% -0.17% - +0.05% +0.33% +0.74%
Change -0.4261 -0.1956 -0.0471 - +0.0129 +0.0886 +0.1987
Level Minor Minor Major - Minor Minor Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard26.542626.650126.820026.927527.097427.204927.3748
Camarilla26.913726.939126.964626.990027.015427.040927.0663
Woodie26.573926.665726.851326.943127.128727.220527.4061
Fibonacci26.650126.756026.821526.927527.033427.098927.2049


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25.753326.092126.539226.878027.325127.663928.1110
Camarilla26.770226.842226.914326.986327.058327.130427.2024
Woodie25.807526.119226.593426.905127.379327.691028.1652
Fibonacci26.092126.392326.577826.878027.178227.363727.6639


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.317624.301825.497426.481627.677228.661429.8570
Camarilla26.093726.293526.493326.693126.892927.092727.2926
Woodie23.423424.354725.603226.534527.783028.714329.9628
Fibonacci24.301825.134525.648926.481627.314327.828728.6614

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 53.42
MACD (12,26,9): 0.0040
Directional Movement: -22.0510
AROON (14): -7.1428
DEMA (21): 27.0078
Parabolic SAR (0,02-0,02-0,2): 26.7575
Elder Ray (13): 0.0121
Super Trend (3,10): 27.0431
Zig ZAG (10): 27.0176
VORTEX (21): 1.0550
Stochastique (14,3,5): 77.49
TEMA (21): 27.0030
Williams %R (14): -15.17
Chande Momentum Oscillator (20): -0.0062
Repulse (5,40,3): 0.1419
ROCnROLL: 1
TRIX (15,9): 0.0036
Courbe Coppock: 0.13
MA7: 26.9485
MA20: 26.7655
MA50: 26.8412
MA100: 24.6527
MAexp7: 27.0032
MAexp20: 27.0004
MAexp50: 26.9856
MAexp100: 26.9592
Price / MA7: +0.24%
Price / MA20: +0.93%
Price / MA50: +0.64%
Price / MA100: +9.58%
Price / MAexp7: +0.04%
Price / MAexp20: +0.05%
Price / MAexp50: +0.10%
Price / MAexp100: +0.20%

Quotes : - Real time data - Forex

News


Don't forget to follow the news on USD/TRY. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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