Londinia Opportunities Analyses - 04/25/2024 (GMT) EUR/TRY - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 34.8092 TRY
My targets
35.1717 TRY (+0.2703)
35.4406 TRY (+0.5392)
My analysis
EUR/TRY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 34.8092 TRY. The next resistance located at 35.1717 TRY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 35.4406 TRY. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
0
10
8.4
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Additional analysis
Quotes
The EUR/TRY price is 34.9014 TRY. The price has increased by +0.15% since the last closing and was traded between 34.7444 TRY and 34.9484 TRY over the period. The price is currently at +0.45% from its lowest and -0.13% from its highest.34.7444
34.9484
34.9014
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/TRY:
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
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of EUR/TRY indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 34.6954 | 34.8092 | 34.8788 | 34.9014 | 35.1717 | 35.4406 |
| Change (%) | -0.59% | -0.26% | -0.06% | - | +0.77% | +1.54% |
| Change | -0.2060 | -0.0922 | -0.0226 | - | +0.2703 | +0.5392 |
| Level | Minor | Minor | Intermediate | - | Minor | Major |
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 | 34.5517 | 34.6235 | 34.7368 | 34.8086 | 34.9219 | 34.9937 | 35.1070 |
| Camarilla | 34.7991 | 34.8161 | 34.8330 | 34.8500 | 34.8670 | 34.8839 | 34.9009 |
| Woodie | 34.5724 | 34.6339 | 34.7575 | 34.8190 | 34.9426 | 35.0041 | 35.1277 |
| Fibonacci | 34.6235 | 34.6942 | 34.7379 | 34.8086 | 34.8793 | 34.9230 | 34.9937 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.4073 | 33.8803 | 34.2257 | 34.6987 | 35.0441 | 35.5171 | 35.8625 |
| Camarilla | 34.3460 | 34.4211 | 34.4961 | 34.5711 | 34.6461 | 34.7211 | 34.7962 |
| Woodie | 33.3435 | 33.8484 | 34.1619 | 34.6668 | 34.9803 | 35.4852 | 35.7987 |
| Fibonacci | 33.8803 | 34.1929 | 34.3861 | 34.6987 | 35.0113 | 35.2045 | 35.5171 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.8970 | 32.8568 | 33.8579 | 34.8177 | 35.8188 | 36.7786 | 37.7797 |
| Camarilla | 34.3199 | 34.4996 | 34.6794 | 34.8591 | 35.0389 | 35.2186 | 35.3984 |
| Woodie | 31.9178 | 32.8671 | 33.8787 | 34.8280 | 35.8396 | 36.7889 | 37.8005 |
| Fibonacci | 32.8568 | 33.6058 | 34.0686 | 34.8177 | 35.5667 | 36.0295 | 36.7786 |
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): | 58.82 | |
| MACD (12,26,9): | 0.0123 | |
| Directional Movement: | 7.9178 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 34.8767 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.7658 | |
| Elder Ray (13): | 0.0414 | |
| Super Trend (3,10): | 34.9864 | |
| Zig ZAG (10): | 34.9014 | |
| VORTEX (21): | 1.0655 | |
| Stochastique (14,3,5): | 81.29 | |
| TEMA (21): | 34.8778 | |
| Williams %R (14): | -10.08 | |
| Chande Momentum Oscillator (20): | 0.0524 | |
| Repulse (5,40,3): | 0.0395 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0035 | |
| Courbe Coppock: | 0.08 |
| MA7: | 34.7387 | |
| MA20: | 34.6997 | |
| MA50: | 34.5431 | |
| MA100: | 33.5325 | |
| MAexp7: | 34.8773 | |
| MAexp20: | 34.8611 | |
| MAexp50: | 34.8349 | |
| MAexp100: | 34.7910 | |
| Price / MA7: | +0.47% | |
| Price / MA20: | +0.58% | |
| Price / MA50: | +1.04% | |
| Price / MA100: | +4.08% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.32% |
Quotes :
-
Real time data
-
Forex
News
The last news published on EUR/TRY at the time of the generation of this analysis was as follows:
Weekly Technical Analysis: 15/05/2023 - EURUSD, EURTRY, USDJPY