EUR/TRY

- TRY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	EURTRY
ISIN:

EUR/TRY - Daily - Technical analysis published on 11/15/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 18.8617 TRY

My targets

19.7250 TRY (+0.3622)

My analysis

The bullish trend is currently very strong on EUR/TRY. As long as the price remains above the support at 18.8617 TRY, you could try to benefit from the boom. The first bullish objective is located at 19.7250 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.9

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

The EUR/TRY rating is 19.3628 TRY. On the day, this instrument gained +0.96% with the lowest point at 19.1790 TRY and the highest point at 19.3891 TRY. The deviation from the price is +0.96% for the low point and -0.14% for the high point.

19.1790

19.3891

19.3628

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of EUR/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 market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near horizontal support

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	17.3480	18.5260	18.8617	19.3628
Change (%)	-10.41%	-4.32%	-2.59%	-
Change	-2.0148	-0.8368	-0.5011	-
Level	Intermediate	Major	Major	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.9262	19.0192	19.0988	19.1918	19.2714	19.3644	19.4440
Camarilla	19.1309	19.1468	19.1626	19.1784	19.1942	19.2100	19.2259
Woodie	18.9195	19.0159	19.0921	19.1885	19.2647	19.3611	19.4373
Fibonacci	19.0192	19.0851	19.1259	19.1918	19.2577	19.2985	19.3644

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.8191	18.1041	18.6689	18.9539	19.5187	19.8037	20.3685
Camarilla	19.0000	19.0779	19.1558	19.2337	19.3116	19.3895	19.4674
Woodie	17.9590	18.1741	18.8088	19.0239	19.6586	19.8737	20.5084
Fibonacci	18.1041	18.4287	18.6293	18.9539	19.2785	19.4791	19.8037

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.0508	17.4766	17.9422	18.3680	18.8336	19.2594	19.7250
Camarilla	18.1627	18.2444	18.3261	18.4078	18.4895	18.5712	18.6529
Woodie	17.0707	17.4866	17.9621	18.3780	18.8535	19.2694	19.7449
Fibonacci	17.4766	17.8171	18.0275	18.3680	18.7085	18.9189	19.2594

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):	70.70
MACD (12,26,9):	0.2347
Directional Movement:	19.8473
AROON (14):	50.0000
DEMA (21):	18.9232
Parabolic SAR (0,02-0,02-0,2):	18.3064
Elder Ray (13):	0.4948
Super Trend (3,10):	18.4505
Zig ZAG (10):	19.3729
VORTEX (21):	1.1989
Stochastique (14,3,5):	96.58
TEMA (21):	19.0892
Williams %R (14):	-0.88
Chande Momentum Oscillator (20):	0.8457
Repulse (5,40,3):	3.1774
ROCnROLL:	1
TRIX (15,9):	0.1096
Courbe Coppock:	5.39

MA7:	18.9236
MA20:	18.5751
MA50:	18.3251
MA100:	18.1642
MAexp7:	18.9889
MAexp20:	18.6551
MAexp50:	18.3973
MAexp100:	18.0753
Price / MA7:	+2.32%
Price / MA20:	+4.24%
Price / MA50:	+5.66%
Price / MA100:	+6.60%
Price / MAexp7:	+1.97%
Price / MAexp20:	+3.79%
Price / MAexp50:	+5.25%
Price / MAexp100:	+7.12%

Quotes : - Real time data - Forex

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

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Londinia AI

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