EUR/TRY

- TRY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURTRY
ISIN:

EUR/TRY - 1H - Technical analysis published on 03/20/2024 (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

61%

11%

28%

My opinion

Bullish above 35.1035 TRY

My targets

35.3145 TRY (+0.1317)

35.4191 TRY (+0.2363)

My analysis

The bullish trend is currently very strong on EUR/TRY. As long as the price remains above the support at 35.1035 TRY, you could try to benefit from the boom. The first bullish objective is located at 35.3145 TRY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 35.4191 TRY as an objective. Crossing it would then enable buyers to target 35.7774 TRY. 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.

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

7.7

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

EUR/TRY rating 35.1828 TRY. The price registered an increase of +0.00% on the session and was between 35.1612 TRY and 35.2035 TRY. This implies that the price is at +0.06% from its lowest and at -0.06% from its highest.

35.1612

35.2035

35.1828

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

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:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of EUR/TRY in 1H shows a strongly overall 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

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 resistance of triangle

Type : Bearish

Timeframe : 1 hour

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	34.8021	34.9413	35.1035	35.1828	35.2071	35.3145	35.4191
Change (%)	-1.08%	-0.69%	-0.23%	-	+0.07%	+0.37%	+0.67%
Change	-0.3807	-0.2415	-0.0793	-	+0.0243	+0.1317	+0.2363
Level	Minor	Intermediate	Intermediate	-	Major	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	34.5244	34.7819	34.9829	35.2404	35.4414	35.6989	35.8999
Camarilla	35.0577	35.0997	35.1418	35.1838	35.2258	35.2679	35.3099
Woodie	34.4961	34.7678	34.9546	35.2263	35.4131	35.6848	35.8716
Fibonacci	34.7819	34.9571	35.0653	35.2404	35.4156	35.5238	35.6989

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.7836	34.3387	34.6672	35.2223	35.5508	36.1059	36.4344
Camarilla	34.7527	34.8337	34.9147	34.9957	35.0767	35.1577	35.2387
Woodie	33.6703	34.2821	34.5539	35.1657	35.4375	36.0493	36.3211
Fibonacci	34.3387	34.6762	34.8848	35.2223	35.5598	35.7684	36.1059

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.1974	31.7907	32.8023	33.3956	34.4072	35.0005	36.0121
Camarilla	33.3726	33.5197	33.6668	33.8139	33.9610	34.1081	34.2553
Woodie	31.4066	31.8953	33.0115	33.5002	34.6164	35.1051	36.2213
Fibonacci	31.7907	32.4038	32.7825	33.3956	34.0087	34.3874	35.0005

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):	58.19
MACD (12,26,9):	0.0176
Directional Movement:	42.8340
AROON (14):	35.7143
DEMA (21):	35.1831
Parabolic SAR (0,02-0,02-0,2):	35.1157
Elder Ray (13):	0.0138
Super Trend (3,10):	35.2103
Zig ZAG (10):	35.1858
VORTEX (21):	1.1235
Stochastique (14,3,5):	22.13
TEMA (21):	35.1966
Williams %R (14):	-79.21
Chande Momentum Oscillator (20):	0.0544
Repulse (5,40,3):	-0.0236
ROCnROLL:	1
TRIX (15,9):	0.0051
Courbe Coppock:	0.44

MA7:	35.1375
MA20:	34.5176
MA50:	33.6041
MA100:	32.5640
MAexp7:	35.1850
MAexp20:	35.1627
MAexp50:	35.1414
MAexp100:	35.1085
Price / MA7:	+0.13%
Price / MA20:	+1.93%
Price / MA50:	+4.70%
Price / MA100:	+8.04%
Price / MAexp7:	-0.01%
Price / MAexp20:	+0.06%
Price / MAexp50:	+0.12%
Price / MAexp100:	+0.21%

Quotes : - Real time data - Forex

News

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

Weekly Technical Analysis: 15/05/2023 - EURUSD, EURTRY, USDJPY

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

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