USD/TRY - 1H - Technical analysis published on 12/11/2024 (GMT)
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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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 34.7920 TRY
My targets
34.9331 TRY (+0.0704)
My analysis
The bullish trend is currently very strong on USD/TRY. As long as the price remains above the support at 34.7920 TRY, you could try to benefit from the boom. The first bullish objective is located at 34.9331 TRY. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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
7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/TRY rating 34.8627 TRY. The price has increased by +0.00% since the last closing with the lowest point at 34.8553 TRY and the highest point at 34.8792 TRY. The deviation from the price is +0.02% for the low point and -0.05% for the high point.34.8553
34.8792
34.8627
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/TRY chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 34.7542 | 34.7920 | 34.8491 | 34.8627 |
| Change (%) | -0.31% | -0.20% | -0.04% | - |
| Change | -0.1085 | -0.0707 | -0.0136 | - |
| Level | Minor | Intermediate | Minor | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.7378 | 34.7683 | 34.8158 | 34.8463 | 34.8938 | 34.9243 | 34.9718 |
| Camarilla | 34.8420 | 34.8491 | 34.8563 | 34.8634 | 34.8706 | 34.8777 | 34.8849 |
| Woodie | 34.7464 | 34.7726 | 34.8244 | 34.8506 | 34.9024 | 34.9286 | 34.9804 |
| Fibonacci | 34.7683 | 34.7981 | 34.8165 | 34.8463 | 34.8761 | 34.8945 | 34.9243 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.5383 | 34.6069 | 34.6699 | 34.7385 | 34.8015 | 34.8701 | 34.9331 |
| Camarilla | 34.6967 | 34.7088 | 34.7208 | 34.7329 | 34.7450 | 34.7570 | 34.7691 |
| Woodie | 34.5355 | 34.6055 | 34.6671 | 34.7371 | 34.7987 | 34.8687 | 34.9303 |
| Fibonacci | 34.6069 | 34.6572 | 34.6882 | 34.7385 | 34.7888 | 34.8198 | 34.8701 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.6206 | 33.8953 | 34.2942 | 34.5689 | 34.9678 | 35.2425 | 35.6414 |
| Camarilla | 34.5080 | 34.5697 | 34.6315 | 34.6932 | 34.7550 | 34.8167 | 34.8784 |
| Woodie | 33.6828 | 33.9264 | 34.3564 | 34.6000 | 35.0300 | 35.2736 | 35.7036 |
| Fibonacci | 33.8953 | 34.1526 | 34.3116 | 34.5689 | 34.8262 | 34.9852 | 35.2425 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.15 | |
| MACD (12,26,9): | 0.0067 | |
| Directional Movement: | -0.7062 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 34.8698 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.8345 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 34.8263 | |
| Zig ZAG (10): | 34.8647 | |
| VORTEX (21): | 1.0193 | |
| Stochastique (14,3,5): | 39.61 | |
| TEMA (21): | 34.8687 | |
| Williams %R (14): | -56.49 | |
| Chande Momentum Oscillator (20): | 0.0027 | |
| Repulse (5,40,3): | 0.0052 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0033 | |
| Courbe Coppock: | 0.06 |
| MA7: | 34.7943 | |
| MA20: | 34.6548 | |
| MA50: | 34.4306 | |
| MA100: | 34.1262 | |
| MAexp7: | 34.8652 | |
| MAexp20: | 34.8601 | |
| MAexp50: | 34.8435 | |
| MAexp100: | 34.8166 | |
| Price / MA7: | +0.20% | |
| Price / MA20: | +0.60% | |
| Price / MA50: | +1.25% | |
| Price / MA100: | +2.16% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +0.13% |
Quotes :
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Real time data
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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:
-
USD/TRY Forecast July 23, 2024
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XTB Market Updates on USDTRY - 06/06/2023
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Upside Potential For USD/TRY
-
Upside Potential For USD/TRY
-
USD/TRY
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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