EUR/TRY - 1H - Technical analysis published on 11/09/2022 (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:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 18.6625 TRY
My targets
18.7745 TRY (+0.0778)
18.8617 TRY (+0.1650)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/TRY as long as the price remains well above 18.6625 TRY. The buyers' bullish objective is set at 18.7745 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 18.8617 TRY. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/TRY price is 18.6967 TRY. The price is lower by -0.01% since the last closing with the lowest point at 18.6527 TRY and the highest point at 18.7596 TRY. The deviation from the price is +0.24% for the low point and -0.34% for the high point.18.6527
18.7596
18.6967
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
A study of price movements over other periods shows the following variations:
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 EUR/TRY chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
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 resistance
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 18.1886 | 18.3336 | 18.5280 | 18.6967 | 18.7745 | 18.8617 |
| Change (%) | -2.72% | -1.94% | -0.90% | - | +0.42% | +0.88% |
| Change | -0.5081 | -0.3631 | -0.1687 | - | +0.0778 | +0.1650 |
| Level | Minor | Minor | Intermediate | - | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 18.2102 | 18.3384 | 18.5181 | 18.6463 | 18.8260 | 18.9542 | 19.1339 |
| Camarilla | 18.6131 | 18.6414 | 18.6696 | 18.6978 | 18.7260 | 18.7543 | 18.7825 |
| Woodie | 18.2360 | 18.3513 | 18.5439 | 18.6592 | 18.8518 | 18.9671 | 19.1597 |
| Fibonacci | 18.3384 | 18.4560 | 18.5287 | 18.6463 | 18.7639 | 18.8366 | 18.9542 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.6737 | 17.8860 | 18.1681 | 18.3804 | 18.6625 | 18.8748 | 19.1569 |
| Camarilla | 18.3141 | 18.3595 | 18.4048 | 18.4501 | 18.4954 | 18.5407 | 18.5861 |
| Woodie | 17.7085 | 17.9035 | 18.2029 | 18.3979 | 18.6973 | 18.8923 | 19.1917 |
| Fibonacci | 17.8860 | 18.0749 | 18.1916 | 18.3804 | 18.5693 | 18.6860 | 18.8748 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.0508 | 17.4766 | 17.9422 | 18.3680 | 18.8336 | 19.2594 | 19.7250 |
| Camarilla | 18.1627 | 18.2444 | 18.3261 | 18.4078 | 18.4895 | 18.5712 | 18.6529 |
| Woodie | 17.0707 | 17.4866 | 17.9621 | 18.3780 | 18.8535 | 19.2694 | 19.7449 |
| Fibonacci | 17.4766 | 17.8171 | 18.0275 | 18.3680 | 18.7085 | 18.9189 | 19.2594 |
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): | 59.01 | |
| MACD (12,26,9): | 0.0327 | |
| Directional Movement: | 11.5306 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 18.7306 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.6586 | |
| Elder Ray (13): | 0.0188 | |
| Super Trend (3,10): | 18.6139 | |
| Zig ZAG (10): | 18.7161 | |
| VORTEX (21): | 1.1352 | |
| Stochastique (14,3,5): | 65.92 | |
| TEMA (21): | 18.7283 | |
| Williams %R (14): | -35.92 | |
| Chande Momentum Oscillator (20): | 0.0478 | |
| Repulse (5,40,3): | 0.0226 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0284 | |
| Courbe Coppock: | 0.17 |
| MA7: | 18.4498 | |
| MA20: | 18.3880 | |
| MA50: | 18.2418 | |
| MA100: | 18.1102 | |
| MAexp7: | 18.7121 | |
| MAexp20: | 18.6840 | |
| MAexp50: | 18.6112 | |
| MAexp100: | 18.5363 | |
| Price / MA7: | +1.34% | |
| Price / MA20: | +1.68% | |
| Price / MA50: | +2.49% | |
| Price / MA100: | +3.24% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.46% | |
| Price / MAexp100: | +0.87% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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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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