EUR/TRY - 1H - Technical analysis published on 12/18/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 6.5234 TRY
My targets
6.6263 TRY (+0.0518)
6.6351 TRY (+0.0606)
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 6.5234 TRY. The buyers” bullish objective is set at 6.6263 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.6351 TRY. If there is any crossing, the next objective would be the resistance located at 6.7262 TRY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.7
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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 rating is 6.5745 TRY. The price registered an increase of +0.17% on the session and was between 6.5490 TRY and 6.5909 TRY. This implies that the price is at +0.39% from its lowest and at -0.25% from its highest.6.5490
6.5909
6.5745
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.
Bullish opening
Type : Bullish
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. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.4800 | 6.5234 | 6.5694 | 6.5745 | 6.6263 | 6.7262 | 6.8430 |
| Change (%) | -1.44% | -0.78% | -0.08% | - | +0.79% | +2.31% | +4.08% |
| Change | -0.0945 | -0.0511 | -0.0051 | - | +0.0518 | +0.1517 | +0.2685 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Minor |
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 | 6.4693 | 6.4906 | 6.5270 | 6.5483 | 6.5847 | 6.6060 | 6.6424 |
| Camarilla | 6.5476 | 6.5529 | 6.5582 | 6.5635 | 6.5688 | 6.5741 | 6.5794 |
| Woodie | 6.4770 | 6.4944 | 6.5347 | 6.5521 | 6.5924 | 6.6098 | 6.6501 |
| Fibonacci | 6.4906 | 6.5126 | 6.5262 | 6.5483 | 6.5703 | 6.5839 | 6.6060 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.2694 | 6.3230 | 6.3913 | 6.4449 | 6.5132 | 6.5668 | 6.6351 |
| Camarilla | 6.4260 | 6.4372 | 6.4483 | 6.4595 | 6.4707 | 6.4819 | 6.4930 |
| Woodie | 6.2767 | 6.3267 | 6.3986 | 6.4486 | 6.5205 | 6.5705 | 6.6424 |
| Fibonacci | 6.3230 | 6.3696 | 6.3984 | 6.4449 | 6.4915 | 6.5203 | 6.5668 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.1677 | 6.2285 | 6.2813 | 6.3421 | 6.3949 | 6.4557 | 6.5085 |
| Camarilla | 6.3028 | 6.3132 | 6.3236 | 6.3340 | 6.3444 | 6.3548 | 6.3652 |
| Woodie | 6.1636 | 6.2265 | 6.2772 | 6.3401 | 6.3908 | 6.4537 | 6.5044 |
| Fibonacci | 6.2285 | 6.2719 | 6.2987 | 6.3421 | 6.3855 | 6.4123 | 6.4557 |
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): | 61.61 | |
| MACD (12,26,9): | 0.0094 | |
| Directional Movement: | 16.9905 | |
| AROON (14): | 21.4285 | |
| DEMA (21): | 6.5768 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.5601 | |
| Elder Ray (13): | 0.0081 | |
| Super Trend (3,10): | 6.5536 | |
| Zig ZAG (10): | 6.5778 | |
| VORTEX (21): | 1.0920 | |
| Stochastique (14,3,5): | 59.75 | |
| TEMA (21): | 6.5758 | |
| Williams %R (14): | -29.12 | |
| Chande Momentum Oscillator (20): | 0.0153 | |
| Repulse (5,40,3): | 0.0576 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0218 | |
| Courbe Coppock: | 0.34 |
| MA7: | 6.4959 | |
| MA20: | 6.4037 | |
| MA50: | 6.4024 | |
| MA100: | 6.3477 | |
| MAexp7: | 6.5727 | |
| MAexp20: | 6.5636 | |
| MAexp50: | 6.5419 | |
| MAexp100: | 6.5130 | |
| Price / MA7: | +1.21% | |
| Price / MA20: | +2.67% | |
| Price / MA50: | +2.69% | |
| Price / MA100: | +3.57% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.50% | |
| Price / MAexp100: | +0.94% |
This member declared not having a position on this financial instrument or a related financial instrument.
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