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 04/08/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

17%

11%

My opinion

Bullish above 34.6197 TRY

My targets

34.8314 TRY (+0.0860)

34.9944 TRY (+0.2490)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/TRY as long as the price remains well above 34.6197 TRY. The buyers' bullish objective is set at 34.8314 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 34.9944 TRY. If there is any crossing, the next objective would be the resistance located at 35.1055 TRY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.5

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 34.7454 TRY. The price registered an increase of +0.00% on the session and was between 34.5988 TRY and 34.8295 TRY. This implies that the price is at +0.42% from its lowest and at -0.24% from its highest.

34.5988

34.8295

34.7454

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

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. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

In fact, 13 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	34.5333	34.6197	34.7318	34.7454	34.8314	34.9944	35.1055
Change (%)	-0.61%	-0.36%	-0.04%	-	+0.25%	+0.72%	+1.04%
Change	-0.2121	-0.1257	-0.0136	-	+0.0860	+0.2490	+0.3601
Level	Intermediate	Minor	Major	-	Intermediate	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.2639	34.3638	34.5544	34.6543	34.8449	34.9448	35.1354
Camarilla	34.6651	34.6917	34.7184	34.7450	34.7716	34.7983	34.8249
Woodie	34.3093	34.3865	34.5998	34.6770	34.8903	34.9675	35.1808
Fibonacci	34.3638	34.4748	34.5433	34.6543	34.7653	34.8338	34.9448

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.3748	33.7931	34.2690	34.6873	35.1632	35.5815	36.0574
Camarilla	34.4991	34.5811	34.6630	34.7450	34.8270	34.9089	34.9909
Woodie	33.4037	33.8075	34.2979	34.7017	35.1921	35.5959	36.0863
Fibonacci	33.7931	34.1347	34.3457	34.6873	35.0289	35.2399	35.5815

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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.77
MACD (12,26,9):	0.0168
Directional Movement:	5.7468
AROON (14):	-57.1429
DEMA (21):	34.7022
Parabolic SAR (0,02-0,02-0,2):	34.8204
Elder Ray (13):	0.0340
Super Trend (3,10):	34.5397
Zig ZAG (10):	34.7204
VORTEX (21):	1.0090
Stochastique (14,3,5):	43.30
TEMA (21):	34.7058
Williams %R (14):	-42.52
Chande Momentum Oscillator (20):	-0.0119
Repulse (5,40,3):	0.2045
ROCnROLL:	1
TRIX (15,9):	0.0070
Courbe Coppock:	0.24

MA7:	34.6816
MA20:	34.9032
MA50:	34.0936
MA100:	33.1144
MAexp7:	34.7007
MAexp20:	34.6804
MAexp50:	34.6541
MAexp100:	34.6550
Price / MA7:	+0.18%
Price / MA20:	-0.45%
Price / MA50:	+1.91%
Price / MA100:	+4.93%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.19%
Price / MAexp50:	+0.27%
Price / MAexp100:	+0.26%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on EUR/TRY. At the time of publication of this analysis, the latest news was 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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