EUR/TRY - 1H - Technical analysis published on 10/03/2019 (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:
Neutral
De fond:
Bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 6.2199 TRY
My targets
6.2488 TRY (+0.13%)
6.2651 TRY (+0.39%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 6.2199 TRY remains possible. It is advisable to trade EUR/TRY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 6.2199 TRY. The next bullish objective for buyers is set at 6.2488 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.2651 TRY. If there is any crossing, the next objective would be the resistance located at 6.2826 TRY. PS: if there is a bearish break in the support located at 6.2199 TRY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
2.3
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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 6.2408 TRY. On the day, this instrument lost -0.17% and was between 6.2048 TRY and 6.2600 TRY. This implies that the price is at +0.58% from its lowest and at -0.31% from its highest.6.2048
6.2600
6.2408
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/TRY chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
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 | 6.1345 | 6.1779 | 6.2199 | 6.2408 | 6.2488 | 6.2651 | 6.2826 |
| Change (%) | -1.70% | -1.01% | -0.33% | - | +0.13% | +0.39% | +0.67% |
| Change | -0.1063 | -0.0629 | -0.0209 | - | +0.0080 | +0.0243 | +0.0418 |
| Level | Major | 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 | 6.1814 | 6.2080 | 6.2297 | 6.2563 | 6.2780 | 6.3046 | 6.3263 |
| Camarilla | 6.2381 | 6.2425 | 6.2470 | 6.2514 | 6.2558 | 6.2603 | 6.2647 |
| Woodie | 6.1790 | 6.2068 | 6.2273 | 6.2551 | 6.2756 | 6.3034 | 6.3239 |
| Fibonacci | 6.2080 | 6.2265 | 6.2379 | 6.2563 | 6.2748 | 6.2862 | 6.3046 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.9933 | 6.0856 | 6.1454 | 6.2377 | 6.2975 | 6.3898 | 6.4496 |
| Camarilla | 6.1634 | 6.1773 | 6.1913 | 6.2052 | 6.2191 | 6.2331 | 6.2470 |
| Woodie | 5.9771 | 6.0775 | 6.1292 | 6.2296 | 6.2813 | 6.3817 | 6.4334 |
| Fibonacci | 6.0856 | 6.1437 | 6.1796 | 6.2377 | 6.2958 | 6.3317 | 6.3898 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.7887 | 5.9673 | 6.0617 | 6.2403 | 6.3347 | 6.5133 | 6.6077 |
| Camarilla | 6.0810 | 6.1061 | 6.1311 | 6.1561 | 6.1811 | 6.2062 | 6.2312 |
| Woodie | 5.7466 | 5.9463 | 6.0196 | 6.2193 | 6.2926 | 6.4923 | 6.5656 |
| Fibonacci | 5.9673 | 6.0716 | 6.1360 | 6.2403 | 6.3446 | 6.4090 | 6.5133 |
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): | 48.34 | |
| MACD (12,26,9): | -0.0018 | |
| Directional Movement: | -10.7095 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 6.2442 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.2517 | |
| Elder Ray (13): | -0.0024 | |
| Super Trend (3,10): | 6.2673 | |
| Zig ZAG (10): | 6.2392 | |
| VORTEX (21): | 1.0120 | |
| Stochastique (14,3,5): | 64.73 | |
| TEMA (21): | 6.2366 | |
| Williams %R (14): | -35.14 | |
| Chande Momentum Oscillator (20): | -0.0104 | |
| Repulse (5,40,3): | 0.0086 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0016 | |
| Courbe Coppock: | 0.36 |
| MA7: | 6.2160 | |
| MA20: | 6.2752 | |
| MA50: | 6.2816 | |
| MA100: | 6.4060 | |
| MAexp7: | 6.2412 | |
| MAexp20: | 6.2452 | |
| MAexp50: | 6.2389 | |
| MAexp100: | 6.2299 | |
| Price / MA7: | +0.40% | |
| Price / MA20: | -0.55% | |
| Price / MA50: | -0.65% | |
| Price / MA100: | -2.58% | |
| Price / MAexp7: | -0.00% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.18% |
This member declared not having a position on this financial instrument or a related financial instrument.
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