USD/TRY

- TRY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDTRY
ISIN:

USD/TRY - 1H - Technical analysis published on 11/15/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

17%

28%

My opinion

Bullish above 34.3244 TRY

My targets

34.4624 TRY (+0.0401)

34.5540 TRY (+0.1317)

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 34.3244 TRY. The buyers' bullish objective is set at 34.4624 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 34.5540 TRY. If there is any crossing, the next objective would be the resistance located at 34.7003 TRY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.3

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

USD/TRY rating 34.4223 TRY. The price is lower by -0.01% since the last closing and was traded between 34.3805 TRY and 34.5096 TRY over the period. The price is currently at +0.12% from its lowest and -0.25% from its highest.

34.3805

34.5096

34.4223

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of USD/TRY in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Doji

Type : Neutral

Timeframe : 1 hour

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	34.2161	34.3244	34.3922	34.4223
Change (%)	-0.60%	-0.28%	-0.09%	-
Change	-0.2062	-0.0979	-0.0301	-
Level	Minor	Intermediate	Intermediate	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.6999	34.0124	34.2185	34.5310	34.7371	35.0496	35.2557
Camarilla	34.2820	34.3295	34.3771	34.4246	34.4721	34.5197	34.5672
Woodie	33.6467	33.9858	34.1653	34.5044	34.6839	35.0230	35.2025
Fibonacci	34.0124	34.2105	34.3329	34.5310	34.7291	34.8515	35.0496

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.9866	34.0782	34.2245	34.3161	34.4624	34.5540	34.7003
Camarilla	34.3053	34.3271	34.3489	34.3707	34.3925	34.4143	34.4361
Woodie	34.0139	34.0919	34.2518	34.3298	34.4897	34.5677	34.7276
Fibonacci	34.0782	34.1691	34.2253	34.3161	34.4070	34.4632	34.5540

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.8685	33.9767	34.1408	34.2490	34.4131	34.5213	34.6854
Camarilla	34.2300	34.2550	34.2799	34.3049	34.3299	34.3548	34.3798
Woodie	33.8965	33.9907	34.1688	34.2630	34.4411	34.5353	34.7134
Fibonacci	33.9767	34.0807	34.1450	34.2490	34.3530	34.4173	34.5213

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):	56.81
MACD (12,26,9):	0.0164
Directional Movement:	29.1500
AROON (14):	7.1429
DEMA (21):	34.4255
Parabolic SAR (0,02-0,02-0,2):	34.4154
Elder Ray (13):	0.0096
Super Trend (3,10):	34.3885
Zig ZAG (10):	34.4226
VORTEX (21):	1.0620
Stochastique (14,3,5):	18.14
TEMA (21):	34.4343
Williams %R (14):	-82.09
Chande Momentum Oscillator (20):	-0.0014
Repulse (5,40,3):	0.0028
ROCnROLL:	1
TRIX (15,9):	0.0069
Courbe Coppock:	0.33

MA7:	34.3757
MA20:	34.3165
MA50:	34.2222
MA100:	33.7987
MAexp7:	34.4203
MAexp20:	34.4044
MAexp50:	34.3836
MAexp100:	34.3685
Price / MA7:	+0.14%
Price / MA20:	+0.31%
Price / MA50:	+0.58%
Price / MA100:	+1.85%
Price / MAexp7:	+0.01%
Price / MAexp20:	+0.05%
Price / MAexp50:	+0.11%
Price / MAexp100:	+0.16%

Quotes : - Real time data - Forex

News

The latest news and videos published on USD/TRY at the time of the analysis were as follows:

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

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