EUR/TRY - 1H - Technical analysis published on 09/10/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 6.3232 TRY
My targets
6.3741 TRY (+0.08%)
6.4189 TRY (+0.78%)
My analysis
The bullish trend is currently very strong on EUR/TRY. As long as the price remains above the support at 6.3232 TRY, you could try to benefit from the boom. The first bullish objective is located at 6.3741 TRY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.4189 TRY as an objective. Crossing it would then enable buyers to target 6.4449 TRY. 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.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/TRY rating 6.3690 TRY. The price registered an increase of +0.36% on the session with the lowest point at 6.3426 TRY and the highest point at 6.3753 TRY. The deviation from the price is +0.42% for the low point and -0.10% for the high point.6.3426
6.3753
6.3690
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.2287 | 6.2761 | 6.3232 | 6.3690 | 6.3741 | 6.4189 | 6.4449 |
| Change (%) | -2.20% | -1.46% | -0.72% | - | +0.08% | +0.78% | +1.19% |
| Change | -0.1403 | -0.0929 | -0.0458 | - | +0.0051 | +0.0499 | +0.0759 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.1937 | 6.2354 | 6.2908 | 6.3325 | 6.3879 | 6.4296 | 6.4850 |
| Camarilla | 6.3196 | 6.3285 | 6.3374 | 6.3463 | 6.3552 | 6.3641 | 6.3730 |
| Woodie | 6.2007 | 6.2388 | 6.2978 | 6.3359 | 6.3949 | 6.4330 | 6.4920 |
| Fibonacci | 6.2354 | 6.2725 | 6.2954 | 6.3325 | 6.3696 | 6.3925 | 6.4296 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.9845 | 6.0958 | 6.1963 | 6.3076 | 6.4081 | 6.5194 | 6.6199 |
| Camarilla | 6.2386 | 6.2580 | 6.2774 | 6.2968 | 6.3162 | 6.3356 | 6.3550 |
| Woodie | 5.9791 | 6.0931 | 6.1909 | 6.3049 | 6.4027 | 6.5167 | 6.6145 |
| Fibonacci | 6.0958 | 6.1767 | 6.2267 | 6.3076 | 6.3885 | 6.4385 | 6.5194 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.3868 | 5.7452 | 6.0806 | 6.4390 | 6.7744 | 7.1328 | 7.4682 |
| Camarilla | 6.2252 | 6.2888 | 6.3524 | 6.4160 | 6.4796 | 6.5432 | 6.6068 |
| Woodie | 5.3753 | 5.7395 | 6.0691 | 6.4333 | 6.7629 | 7.1271 | 7.4567 |
| Fibonacci | 5.7452 | 6.0102 | 6.1740 | 6.4390 | 6.7040 | 6.8678 | 7.1328 |
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): | 70.90 | |
| MACD (12,26,9): | 0.0106 | |
| Directional Movement: | 20.7004 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 6.3661 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.3473 | |
| Elder Ray (13): | 0.0078 | |
| Super Trend (3,10): | 6.3354 | |
| Zig ZAG (10): | 6.3653 | |
| VORTEX (21): | 1.2327 | |
| Stochastique (14,3,5): | 70.42 | |
| TEMA (21): | 6.3661 | |
| Williams %R (14): | -26.28 | |
| Chande Momentum Oscillator (20): | 0.0180 | |
| Repulse (5,40,3): | 0.0956 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0249 | |
| Courbe Coppock: | 0.17 |
| MA7: | 6.3151 | |
| MA20: | 6.3437 | |
| MA50: | 6.3205 | |
| MA100: | 6.4867 | |
| MAexp7: | 6.3619 | |
| MAexp20: | 6.3523 | |
| MAexp50: | 6.3328 | |
| MAexp100: | 6.3244 | |
| Price / MA7: | +0.85% | |
| Price / MA20: | +0.40% | |
| Price / MA50: | +0.77% | |
| Price / MA100: | -1.81% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.57% | |
| Price / MAexp100: | +0.71% |
This member declared not having a position on this financial instrument or a related financial instrument.
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