EUR/TRY - 1H - Technical analysis published on 10/22/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bullish
Technical indicators
22%
33%
44%
My opinion
Neutral between 6.4897 TRY and 6.5171 TRY
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 6.5171 TRY. The first support is located at 6.4897 TRY. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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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
The EUR/TRY price is 6.5087 TRY. On the day, this instrument lost -0.40% and was between 6.5064 TRY and 6.5367 TRY. This implies that the price is at +0.04% from its lowest and at -0.43% from its highest.6.5064
6.5367
6.5087
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/TRY in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.4031 | 6.4704 | 6.4897 | 6.5087 | 6.5171 | 6.5491 | 6.5986 |
| Change (%) | -1.62% | -0.59% | -0.29% | - | +0.13% | +0.62% | +1.38% |
| Change | -0.1056 | -0.0383 | -0.0190 | - | +0.0084 | +0.0404 | +0.0899 |
| Level | Intermediate | Major | Minor | - | Minor | Intermediate | Minor |
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 | 6.3950 | 6.4254 | 6.4800 | 6.5104 | 6.5650 | 6.5954 | 6.6500 |
| Camarilla | 6.5111 | 6.5189 | 6.5267 | 6.5345 | 6.5423 | 6.5501 | 6.5579 |
| Woodie | 6.4070 | 6.4315 | 6.4920 | 6.5165 | 6.5770 | 6.6015 | 6.6620 |
| Fibonacci | 6.4254 | 6.4579 | 6.4780 | 6.5104 | 6.5429 | 6.5630 | 6.5954 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.1856 | 6.2942 | 6.3815 | 6.4901 | 6.5774 | 6.6860 | 6.7733 |
| Camarilla | 6.4150 | 6.4330 | 6.4509 | 6.4689 | 6.4869 | 6.5048 | 6.5228 |
| Woodie | 6.1751 | 6.2889 | 6.3710 | 6.4848 | 6.5669 | 6.6807 | 6.7628 |
| Fibonacci | 6.2942 | 6.3690 | 6.4152 | 6.4901 | 6.5649 | 6.6111 | 6.6860 |
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 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): | 49.45 | |
| MACD (12,26,9): | 0.0097 | |
| Directional Movement: | 1.8989 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 6.5349 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.5379 | |
| Elder Ray (13): | -0.0047 | |
| Super Trend (3,10): | 6.5036 | |
| Zig ZAG (10): | 6.5162 | |
| VORTEX (21): | 1.1111 | |
| Stochastique (14,3,5): | 14.99 | |
| TEMA (21): | 6.5318 | |
| Williams %R (14): | -93.47 | |
| Chande Momentum Oscillator (20): | -0.0158 | |
| Repulse (5,40,3): | -0.2375 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0295 | |
| Courbe Coppock: | 0.12 |
| MA7: | 6.5103 | |
| MA20: | 6.3767 | |
| MA50: | 6.3478 | |
| MA100: | 6.3748 | |
| MAexp7: | 6.5216 | |
| MAexp20: | 6.5200 | |
| MAexp50: | 6.5043 | |
| MAexp100: | 6.4978 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | +2.07% | |
| Price / MA50: | +2.53% | |
| Price / MA100: | +2.10% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.17% |
This member declared not having a position on this financial instrument or a related financial instrument.
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