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 02/14/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 33.0695 TRY

My targets

32.7057 TRY (-0.1860)

32.4946 TRY (-0.3971)

My analysis

EUR/TRY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 33.0695 TRY. The next support located at 32.7057 TRY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 32.4946 TRY. Below this support, sellers could then target 32.3840 TRY. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

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

Force

6.6

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 price is 32.8917 TRY. The price is lower by -0.04% since the last closing and was traded between 32.8733 TRY and 33.0535 TRY over the period. The price is currently at +0.06% from its lowest and -0.49% from its highest.

32.8733

33.0535

32.8917

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a 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. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 5 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bullish harami

Type : Bullish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	32.4946	32.7057	32.8722	32.8917	33.0695	33.1700
Change (%)	-1.21%	-0.57%	-0.06%	-	+0.54%	+0.85%
Change	-0.3971	-0.1860	-0.0195	-	+0.1778	+0.2783
Level	Intermediate	Minor	Intermediate	-	Major	Intermediate

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	31.6869	32.0354	32.4709	32.8194	33.2549	33.6034	34.0389
Camarilla	32.6907	32.7626	32.8344	32.9063	32.9782	33.0500	33.1219
Woodie	31.7303	32.0572	32.5143	32.8412	33.2983	33.6252	34.0823
Fibonacci	32.0354	32.3349	32.5200	32.8194	33.1189	33.3040	33.6034

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.0518	32.2732	32.6805	32.9019	33.3092	33.5306	33.9379
Camarilla	32.9149	32.9725	33.0302	33.0878	33.1454	33.2031	33.2607
Woodie	32.1448	32.3197	32.7735	32.9484	33.4022	33.5771	34.0309
Fibonacci	32.2732	32.5134	32.6617	32.9019	33.1421	33.2904	33.5306

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.4413	31.9360	32.3719	32.8666	33.3025	33.7972	34.2331
Camarilla	32.5520	32.6373	32.7226	32.8079	32.8932	32.9785	33.0638
Woodie	31.4120	31.9213	32.3426	32.8519	33.2732	33.7825	34.2038
Fibonacci	31.9360	32.2915	32.5111	32.8666	33.2221	33.4417	33.7972

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):	36.16
MACD (12,26,9):	-0.0295
Directional Movement:	-20.2824
AROON (14):	64.2857
DEMA (21):	32.8869
Parabolic SAR (0,02-0,02-0,2):	32.6797
Elder Ray (13):	-0.0238
Super Trend (3,10):	32.9829
Zig ZAG (10):	32.8861
VORTEX (21):	0.9978
Stochastique (14,3,5):	15.25
TEMA (21):	32.8875
Williams %R (14):	-88.90
Chande Momentum Oscillator (20):	-0.0189
Repulse (5,40,3):	-0.0684
ROCnROLL:	2
TRIX (15,9):	-0.0156
Courbe Coppock:	0.04

MA7:	32.9847
MA20:	32.9286
MA50:	32.4799
MA100:	31.3329
MAexp7:	32.9071
MAexp20:	32.9284
MAexp50:	32.9780
MAexp100:	32.9938
Price / MA7:	-0.28%
Price / MA20:	-0.11%
Price / MA50:	+1.27%
Price / MA100:	+4.97%
Price / MAexp7:	-0.05%
Price / MAexp20:	-0.11%
Price / MAexp50:	-0.26%
Price / MAexp100:	-0.31%

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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