USD/TRY - 1H - Technical analysis published on 03/19/2025 (GMT)
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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
78%
0%
22%
My opinion
Bullish above 36.6166 TRY
My targets
36.8086 TRY (+0.1093)
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 36.6166 TRY. The buyers' bullish objective is set at 36.8086 TRY. A bullish break in this resistance would boost the bullish momentum. 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
8.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/TRY price is 36.6993 TRY. The price registered an increase of +0.00% on the session and was between 36.6975 TRY and 36.7020 TRY. This implies that the price is at +0.00% from its lowest and at -0.01% from its highest.36.6975
36.7020
36.6993
Here is a more detailed summary of the historical variations registered by USD/TRY:
Technical
A technical analysis in 1H of this USD/TRY chart shows a strongly 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 36.5209 | 36.6166 | 36.6891 | 36.6993 | 36.8086 |
Change (%) | -0.49% | -0.23% | -0.03% | - | +0.30% |
Change | -0.1784 | -0.0827 | -0.0102 | - | +0.1093 |
Level | Intermediate | Major | Intermediate | - | 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 | 36.5852 | 36.6114 | 36.6560 | 36.6822 | 36.7268 | 36.7530 | 36.7976 |
Camarilla | 36.6812 | 36.6877 | 36.6942 | 36.7007 | 36.7072 | 36.7137 | 36.7202 |
Woodie | 36.5945 | 36.6160 | 36.6653 | 36.6868 | 36.7361 | 36.7576 | 36.8069 |
Fibonacci | 36.6114 | 36.6384 | 36.6551 | 36.6822 | 36.7092 | 36.7259 | 36.7530 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 36.1237 | 36.2999 | 36.4562 | 36.6324 | 36.7887 | 36.9649 | 37.1212 |
Camarilla | 36.5211 | 36.5515 | 36.5820 | 36.6125 | 36.6430 | 36.6735 | 36.7039 |
Woodie | 36.1138 | 36.2949 | 36.4463 | 36.6274 | 36.7788 | 36.9599 | 37.1113 |
Fibonacci | 36.2999 | 36.4269 | 36.5054 | 36.6324 | 36.7594 | 36.8379 | 36.9649 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 34.9686 | 35.3608 | 35.9204 | 36.3126 | 36.8722 | 37.2644 | 37.8240 |
Camarilla | 36.2183 | 36.3055 | 36.3928 | 36.4800 | 36.5673 | 36.6545 | 36.7418 |
Woodie | 35.0523 | 35.4027 | 36.0041 | 36.3545 | 36.9559 | 37.3063 | 37.9077 |
Fibonacci | 35.3608 | 35.7244 | 35.9490 | 36.3126 | 36.6762 | 36.9008 | 37.2644 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 66.48 | |
MACD (12,26,9): | 0.0117 | |
Directional Movement: | 19.0979 | |
AROON (14): | 35.7143 | |
DEMA (21): | 36.6923 | |
Parabolic SAR (0,02-0,02-0,2): | 36.6740 | |
Elder Ray (13): | 0.0155 | |
Super Trend (3,10): | 36.6618 | |
Zig ZAG (10): | 36.7007 | |
VORTEX (21): | 1.1376 | |
Stochastique (14,3,5): | 89.44 | |
TEMA (21): | 36.7011 | |
Williams %R (14): | -12.02 | |
Chande Momentum Oscillator (20): | 0.0455 | |
Repulse (5,40,3): | 0.0224 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0031 | |
Courbe Coppock: | 0.20 |
MA7: | 36.6503 | |
MA20: | 36.5347 | |
MA50: | 36.1052 | |
MA100: | 35.4360 | |
MAexp7: | 36.6942 | |
MAexp20: | 36.6789 | |
MAexp50: | 36.6661 | |
MAexp100: | 36.6461 | |
Price / MA7: | +0.13% | |
Price / MA20: | +0.45% | |
Price / MA50: | +1.65% | |
Price / MA100: | +3.57% | |
Price / MAexp7: | +0.01% | |
Price / MAexp20: | +0.06% | |
Price / MAexp50: | +0.09% | |
Price / MAexp100: | +0.15% |
Quotes :
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Real time data
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Forex
News
The last news published on USD/TRY at the time of the generation of this analysis was as follows:
-
USD/TRY Forecast July 23, 2024
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XTB Market Updates on USDTRY - 06/06/2023
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Upside Potential For USD/TRY
-
Upside Potential For USD/TRY
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USD/TRY
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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