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 01/26/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bearish

Underlying: Neutral

Technical indicators

39%

28%

33%

My opinion

Neutral between 32.7986 TRY and 33.0210 TRY

My targets

My analysis

The basic trend is neutral and the short term is tentatively bearish. With such a pattern, it is difficult to favour buying or selling. The first support is located at 32.7986 TRY. The first resistance is located at 33.0210 TRY. However, the probabilities of moving towards the first support before the first resistance are slightly higher. Without a basic trend, it is important to monitor the price response at these levels. A bearish break in the support or a bullish break in the resistance could provide a signal that would set the new direction of the basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement recorded by EUR/TRY.

Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.

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 32.8441 TRY. The price is lower by -0.06% since the last closing and was traded between 32.7499 TRY and 32.9989 TRY over the period. The price is currently at +0.29% from its lowest and -0.47% from its highest.

32.7499

32.9989

32.8441

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 study of the highest / lowest by the Central Records scanner shows the following results:

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

Technical

A technical analysis in 1H of this EUR/TRY chart shows a neutral trend. The slightly bearish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bearish trend. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
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 a result that can have an impact on the price change:

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	32.5915	32.6855	32.7986	32.8441	32.8710	33.0210	33.0898
Change (%)	-0.77%	-0.48%	-0.14%	-	+0.08%	+0.54%	+0.75%
Change	-0.2526	-0.1586	-0.0455	-	+0.0269	+0.1769	+0.2457
Level	Minor	Intermediate	Minor	-	Minor	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.4548	32.5971	32.7300	32.8723	33.0052	33.1475	33.2804
Camarilla	32.7871	32.8124	32.8376	32.8628	32.8880	32.9133	32.9385
Woodie	32.4500	32.5948	32.7252	32.8700	33.0004	33.1452	33.2756
Fibonacci	32.5971	32.7023	32.7672	32.8723	32.9775	33.0424	33.1475

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.2318	32.4400	32.6734	32.8816	33.1150	33.3232	33.5566
Camarilla	32.7854	32.8258	32.8663	32.9068	32.9473	32.9878	33.0282
Woodie	32.2444	32.4463	32.6860	32.8879	33.1276	33.3295	33.5692
Fibonacci	32.4400	32.6087	32.7129	32.8816	33.0503	33.1545	33.3232

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.6071	30.3359	31.4406	32.1694	33.2741	34.0029	35.1076
Camarilla	32.0411	32.2092	32.3772	32.5453	32.7134	32.8814	33.0495
Woodie	29.7951	30.4299	31.6286	32.2634	33.4621	34.0969	35.2956
Fibonacci	30.3359	31.0363	31.4690	32.1694	32.8698	33.3025	34.0029

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):	49.62
MACD (12,26,9):	0.0103
Directional Movement:	1.1692
AROON (14):	35.7143
DEMA (21):	32.9159
Parabolic SAR (0,02-0,02-0,2):	32.7827
Elder Ray (13):	0.0005
Super Trend (3,10):	32.7486
Zig ZAG (10):	32.9056
VORTEX (21):	1.0393
Stochastique (14,3,5):	63.73
TEMA (21):	32.9292
Williams %R (14):	-39.44
Chande Momentum Oscillator (20):	0.0464
Repulse (5,40,3):	-0.3179
ROCnROLL:	2
TRIX (15,9):	0.0039
Courbe Coppock:	0.31

MA7:	32.8781
MA20:	32.7966
MA50:	32.0997
MA100:	30.7970
MAexp7:	32.9010
MAexp20:	32.9050
MAexp50:	32.8994
MAexp100:	32.8983
Price / MA7:	-0.10%
Price / MA20:	+0.14%
Price / MA50:	+2.32%
Price / MA100:	+6.65%
Price / MAexp7:	-0.17%
Price / MAexp20:	-0.19%
Price / MAexp50:	-0.17%
Price / MAexp100:	-0.16%

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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Londinia AI

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