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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 01/02/2025 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 35.3027 TRY
My targets
35.4194 TRY (+0.0394)
My analysis
The bullish trend is currently very strong on USD/TRY. As long as the price remains above the support at 35.3027 TRY, you could try to benefit from the boom. The first bullish objective is located at 35.4194 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.

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
7.7

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 price is 35.3800 TRY. On the day, this instrument gained +0.00% and was between 35.3751 TRY and 35.3917 TRY. This implies that the price is at +0.01% from its lowest and at -0.03% from its highest.

35.3751
35.3917
35.3800

Here is a more detailed summary of the historical variations registered by USD/TRY:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

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:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 35.2438 35.3027 35.3515 35.3800 35.4194
Change (%) -0.38% -0.22% -0.08% - +0.11%
Change -0.1362 -0.0773 -0.0285 - +0.0394
Level Major Intermediate Intermediate - Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard35.289035.311435.346035.368435.403035.425435.4600
Camarilla35.365035.370335.375535.380735.385935.391235.3964
Woodie35.295235.314535.352235.371535.409235.428535.4662
Fibonacci35.311435.333135.346635.368435.390135.403635.4254


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard34.694734.855134.982335.142735.269935.430335.5575
Camarilla35.030335.056735.083035.109435.135835.162135.1885
Woodie34.678034.846834.965635.134435.253235.422035.5408
Fibonacci34.855134.965035.032935.142735.252635.320535.4303


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard33.890634.283134.813235.205735.735836.128336.6584
Camarilla35.089735.174335.258835.343435.428035.512535.5971
Woodie33.959534.317534.882135.240135.804736.162736.7273
Fibonacci34.283134.635534.853235.205735.558135.775836.1283

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): 62.24
MACD (12,26,9): 0.0120
Directional Movement: 10.5569
AROON (14): -7.1429
DEMA (21): 35.3778
Parabolic SAR (0,02-0,02-0,2): 35.5143
Elder Ray (13): 0.0169
Super Trend (3,10): 35.3096
Zig ZAG (10): 35.3788
VORTEX (21): 1.0162
Stochastique (14,3,5): 42.74
TEMA (21): 35.3739
Williams %R (14): -57.11
Chande Momentum Oscillator (20): 0.0103
Repulse (5,40,3): 0.0469
ROCnROLL: 1
TRIX (15,9): 0.0047
Courbe Coppock: 0.06
MA7: 35.2726
MA20: 35.0754
MA50: 34.7045
MA100: 34.4005
MAexp7: 35.3719
MAexp20: 35.3617
MAexp50: 35.3327
MAexp100: 35.2916
Price / MA7: +0.30%
Price / MA20: +0.87%
Price / MA50: +1.95%
Price / MA100: +2.85%
Price / MAexp7: +0.02%
Price / MAexp20: +0.05%
Price / MAexp50: +0.13%
Price / MAexp100: +0.25%

Quotes : - Real time data - Forex

News


The last news published on USD/TRY at the time of the generation of this analysis 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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