USD/TRY

- TRY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDTRY
ISIN:

USD/TRY - 1H - Technical analysis published on 12/20/2024 (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%

11%

33%

My opinion

Bullish above 35.0731 TRY

My targets

35.2267 TRY (+0.0730)

My analysis

The bullish trend is currently very strong on USD/TRY. As long as the price remains above the support at 35.0731 TRY, you could try to benefit from the boom. The first bullish objective is located at 35.2267 TRY. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

7.5

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 35.1537 TRY. The price is lower by -0.02% since the last closing and was between 35.1407 TRY and 35.2367 TRY. This implies that the price is at +0.04% from its lowest and at -0.24% from its highest.

35.1407

35.2367

35.1537

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

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

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

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of USD/TRY indicates that the overall trend is strongly bullish. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of triangle

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	34.8533	34.9935	35.0731	35.1537	35.2267
Change (%)	-0.85%	-0.46%	-0.23%	-	+0.21%
Change	-0.3004	-0.1602	-0.0806	-	+0.0730
Level	Major	Intermediate	Minor	-	Intermediate

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	34.8602	34.9480	35.0536	35.1414	35.2470	35.3348	35.4404
Camarilla	35.1061	35.1238	35.1416	35.1593	35.1770	35.1948	35.2125
Woodie	34.8692	34.9525	35.0626	35.1459	35.2560	35.3393	35.4494
Fibonacci	34.9480	35.0219	35.0675	35.1414	35.2153	35.2609	35.3348

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.6359	34.7064	34.8278	34.8983	35.0197	35.0902	35.2116
Camarilla	34.8964	34.9140	34.9316	34.9492	34.9668	34.9844	35.0020
Woodie	34.6614	34.7191	34.8533	34.9110	35.0452	35.1029	35.2371
Fibonacci	34.7064	34.7797	34.8250	34.8983	34.9716	35.0169	35.0902

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.6206	33.8953	34.2942	34.5689	34.9678	35.2425	35.6414
Camarilla	34.5080	34.5697	34.6315	34.6932	34.7550	34.8167	34.8784
Woodie	33.6828	33.9264	34.3564	34.6000	35.0300	35.2736	35.7036
Fibonacci	33.8953	34.1526	34.3116	34.5689	34.8262	34.9852	35.2425

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):	68.27
MACD (12,26,9):	0.0270
Directional Movement:	36.7806
AROON (14):	35.7143
DEMA (21):	35.1642
Parabolic SAR (0,02-0,02-0,2):	35.0865
Elder Ray (13):	0.0160
Super Trend (3,10):	35.0671
Zig ZAG (10):	35.1543
VORTEX (21):	1.0885
Stochastique (14,3,5):	54.63
TEMA (21):	35.1696
Williams %R (14):	-47.02
Chande Momentum Oscillator (20):	0.0653
Repulse (5,40,3):	-0.1009
ROCnROLL:	1
TRIX (15,9):	0.0112
Courbe Coppock:	0.39

MA7:	35.0340
MA20:	34.8412
MA50:	34.5386
MA100:	34.2611
MAexp7:	35.1520
MAexp20:	35.1255
MAexp50:	35.0832
MAexp100:	35.0351
Price / MA7:	+0.34%
Price / MA20:	+0.90%
Price / MA50:	+1.78%
Price / MA100:	+2.61%
Price / MAexp7:	+0.00%
Price / MAexp20:	+0.08%
Price / MAexp50:	+0.20%
Price / MAexp100:	+0.34%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on USD/TRY. At the time of publication of this analysis, the latest news was as follows:

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

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