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 11/12/2019 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 5.7714 TRY
My targets
5.7848 TRY (+0.18%)
5.7957 TRY (+0.37%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on USD/TRY. As long as you are above the support located at 5.7714 TRY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 5.7848 TRY would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 5.7957 TRY as an objective. Crossing it would then enable buyers to target 5.8375 TRY. If the support 5.7714 TRY were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

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
5.2

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.

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

Additional analysis

Quotes

The USD/TRY price is 5.7744 TRY. On the day, this instrument gained +0.05% with the lowest point at 5.7679 TRY and the highest point at 5.7822 TRY. The deviation from the price is +0.11% for the low point and -0.13% for the high point.

5.7679
5.7822
5.7744

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of USD/TRY in 1H shows an overall bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5.7214 5.7406 5.7714 5.7744 5.7848 5.7957 5.8375
Change (%) -0.92% -0.59% -0.05% - +0.18% +0.37% +1.09%
Change -0.0530 -0.0338 -0.0030 - +0.0104 +0.0213 +0.0631
Level Intermediate Intermediate Intermediate - Intermediate Minor Intermediate



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
Standard5.71635.73715.75425.77505.79215.81295.8300
Camarilla5.76105.76455.76795.77145.77495.77845.7818
Woodie5.71465.73625.75255.77415.79045.81205.8283
Fibonacci5.73715.75155.76055.77505.78945.79845.8129


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.62385.65455.71015.74085.79645.82715.8827
Camarilla5.74205.74995.75785.76575.77365.78155.7894
Woodie5.63635.66075.72265.74705.80895.83335.8952
Fibonacci5.65455.68755.70785.74085.77385.79415.8271


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.29965.47305.59215.76555.88466.05806.1771
Camarilla5.63075.65755.68435.71115.73795.76475.7915
Woodie5.27245.45945.56495.75195.85746.04446.1499
Fibonacci5.47305.58485.65385.76555.87735.94636.0580

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): 53.53
MACD (12,26,9): 0.0015
Directional Movement: 8.3736
AROON (14): -50.0000
DEMA (21): 5.7769
Parabolic SAR (0,02-0,02-0,2): 5.7675
Elder Ray (13): 0.0034
Super Trend (3,10): 5.7589
Zig ZAG (10): 5.7764
VORTEX (21): 0.9727
Stochastique (14,3,5): 73.90
TEMA (21): 5.7756
Williams %R (14): -43.36
Chande Momentum Oscillator (20): 0.0017
Repulse (5,40,3): -0.0114
ROCnROLL: 1
TRIX (15,9): 0.0034
Courbe Coppock: 0.04
MA7: 5.7582
MA20: 5.7670
MA50: 5.7524
MA100: 5.7126
MAexp7: 5.7763
MAexp20: 5.7745
MAexp50: 5.7697
MAexp100: 5.7614
Price / MA7: +0.28%
Price / MA20: +0.13%
Price / MA50: +0.38%
Price / MA100: +1.08%
Price / MAexp7: -0.03%
Price / MAexp20: -0.00%
Price / MAexp50: +0.08%
Price / MAexp100: +0.23%

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.

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