USD/TRY

- TRY (-)

- Real time data - Forex

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Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Forex
Ticker:	USDTRY
ISIN:

USD/TRY - 1H - Technical analysis published on 03/25/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

67%

28%

My opinion

Bullish above 32.0450 TRY

My targets

32.2203 TRY (+0.0484)

32.4301 TRY (+0.2582)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/TRY as long as the price remains well above 32.0450 TRY. The buyers' bullish objective is set at 32.2203 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 32.4301 TRY. If there is any crossing, the next objective would be the resistance located at 32.6689 TRY.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

5.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Bader almutairi. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The USD/TRY rating is 32.1719 TRY. The price has increased by +0.67% since the last closing and was between 31.9282 TRY and 32.2045 TRY. This implies that the price is at +0.76% from its lowest and at -0.10% from its highest.

31.9282

32.2045

32.1719

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by USD/TRY:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Abnormal volumes on USD/TRY were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of this 1H chart of USD/TRY indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	31.7491	31.9098	32.0450	32.1719	32.2203	32.4301	32.6689
Change (%)	-1.31%	-0.81%	-0.39%	-	+0.15%	+0.80%	+1.54%
Change	-0.4228	-0.2621	-0.1269	-	+0.0484	+0.2582	+0.4970
Level	Minor	Intermediate	Minor	-	Major	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	31.5371	31.7234	31.8405	32.0268	32.1439	32.3302	32.4473
Camarilla	31.8741	31.9019	31.9297	31.9575	31.9853	32.0131	32.0409
Woodie	31.5024	31.7061	31.8058	32.0095	32.1092	32.3129	32.4126
Fibonacci	31.7234	31.8393	31.9109	32.0268	32.1427	32.2143	32.3302

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.6616	31.2054	31.5814	32.1252	32.5012	33.0450	33.4210
Camarilla	31.7046	31.7889	31.8732	31.9575	32.0418	32.1261	32.2105
Woodie	30.5778	31.1635	31.4976	32.0833	32.4174	33.0031	33.3372
Fibonacci	31.2054	31.5567	31.7738	32.1252	32.4765	32.6936	33.0450

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.3944	29.8054	30.5500	30.9610	31.7056	32.1166	32.8612
Camarilla	30.9769	31.0828	31.1888	31.2947	31.4006	31.5066	31.6125
Woodie	29.5613	29.8888	30.7169	31.0444	31.8725	32.2000	33.0281
Fibonacci	29.8054	30.2468	30.5195	30.9610	31.4024	31.6751	32.1166

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):	60.49
MACD (12,26,9):	0.0179
Directional Movement:	0.7044
AROON (14):	-7.1429
DEMA (21):	32.1677
Parabolic SAR (0,02-0,02-0,2):	32.0931
Elder Ray (13):	0.0169
Super Trend (3,10):	32.0685
Zig ZAG (10):	32.1735
VORTEX (21):	1.3029
Stochastique (14,3,5):	46.14
TEMA (21):	32.1833
Williams %R (14):	-48.51
Chande Momentum Oscillator (20):	0.0199
Repulse (5,40,3):	0.0416
ROCnROLL:	1
TRIX (15,9):	0.0087
Courbe Coppock:	0.25

MA7:	32.2236
MA20:	31.9042
MA50:	31.0989
MA100:	30.0998
MAexp7:	32.1636
MAexp20:	32.1452
MAexp50:	32.1386
MAexp100:	32.1665
Price / MA7:	-0.16%
Price / MA20:	+0.84%
Price / MA50:	+3.45%
Price / MA100:	+6.88%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.08%
Price / MAexp50:	+0.10%
Price / MAexp100:	+0.02%

Quotes : - Real time data - Forex

News

The last news published on USD/TRY at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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