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EUR/TRY
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 02/26/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 19.9597 TRY
My targets
19.7519 TRY (-0.1518)
19.5509 TRY (-0.3528)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/TRY as long as the price remains well below 19.9597 TRY. The sellers' bearish objective is set at 19.7519 TRY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 19.5509 TRY. In case of crossing, the next objective would be the support located at 18.8617 TRY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.1

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/TRY rating is 19.9037 TRY. The price has increased by +0.32% since the last closing and was traded between 19.8697 TRY and 19.9037 TRY over the period. The price is currently at +0.17% from its lowest and 0% from its highest.

19.8697
19.9037
19.9037

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of EUR/TRY in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 20

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour



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

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 18.8617 19.7519 19.8923 19.9037 20.0840 20.1605 20.2217
Change (%) -5.24% -0.76% -0.06% - +0.91% +1.29% +1.60%
Change -1.0420 -0.1518 -0.0114 - +0.1803 +0.2568 +0.3180
Level Major Minor Minor - Intermediate Intermediate Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.531819.673419.756919.898519.982020.123620.2071
Camarilla19.778519.799119.819819.840419.861019.881719.9023
Woodie19.502819.658919.727919.884019.953020.109120.1781
Fibonacci19.673419.759419.812519.898519.984520.037620.1236


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.286919.550919.695719.959720.104520.368520.5133
Camarilla19.728019.765519.802919.840419.877919.915419.9528
Woodie19.227219.521119.636019.929920.044820.338720.4536
Fibonacci19.550919.707119.803619.959720.115920.212420.3685


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.966719.318919.875920.228120.785121.137321.6943
Camarilla20.182920.266220.349620.432920.516220.599620.6829
Woodie19.069119.370119.978320.279320.887521.188521.7967
Fibonacci19.318919.666219.880820.228120.575420.790021.1373

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): 18.93
MACD (12,26,9): -0.0331
Directional Movement: -32.1303
AROON (14): -92.8571
DEMA (21): 19.9018
Parabolic SAR (0,02-0,02-0,2): 19.9676
Elder Ray (13): -0.0585
Super Trend (3,10): 19.9790
Zig ZAG (10): 19.8404
VORTEX (21): 0.7228
Stochastique (14,3,5): 18.01
TEMA (21): 19.8859
Williams %R (14): -87.09
Chande Momentum Oscillator (20): -0.1524
Repulse (5,40,3): -0.5107
ROCnROLL: 2
TRIX (15,9): -0.0175
Courbe Coppock: 1.01
MA7: 20.0515
MA20: 20.2161
MA50: 20.1499
MA100: 19.5417
MAexp7: 19.9016
MAexp20: 19.9418
MAexp50: 19.9875
MAexp100: 20.0316
Price / MA7: -0.74%
Price / MA20: -1.55%
Price / MA50: -1.22%
Price / MA100: +1.85%
Price / MAexp7: +0.01%
Price / MAexp20: -0.19%
Price / MAexp50: -0.42%
Price / MAexp100: -0.64%

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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