EUR/TRY - 1H - Technical analysis published on 08/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 36.5318 TRY
My targets
36.7145 TRY (+0.0518)
36.9981 TRY (+0.3354)
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 36.5318 TRY. The buyers' bullish objective is set at 36.7145 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 36.9981 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.8
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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 36.6627 TRY. The price registered a decrease of -0.01% on the session with the lowest point at 36.6241 TRY and the highest point at 36.6678 TRY. The deviation from the price is +0.11% for the low point and -0.01% for the high point.36.6241
36.6678
36.6627
Here is a more detailed summary of the historical variations registered by EUR/TRY:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/TRY chart shows a strongly bullish trend. 82.14% 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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 support of channel
Type : Bullish
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 36.0928 | 36.2006 | 36.5318 | 36.6627 | 36.7145 | 36.9981 |
| Change (%) | -1.55% | -1.26% | -0.36% | - | +0.14% | +0.91% |
| Change | -0.5699 | -0.4621 | -0.1309 | - | +0.0518 | +0.3354 |
| Level | Minor | Minor | Major | - | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.3752 | 36.4564 | 36.5617 | 36.6429 | 36.7482 | 36.8294 | 36.9347 |
| Camarilla | 36.6157 | 36.6328 | 36.6499 | 36.6670 | 36.6841 | 36.7012 | 36.7183 |
| Woodie | 36.3873 | 36.4624 | 36.5738 | 36.6489 | 36.7603 | 36.8354 | 36.9468 |
| Fibonacci | 36.4564 | 36.5276 | 36.5717 | 36.6429 | 36.7141 | 36.7582 | 36.8294 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.4615 | 35.8546 | 36.2120 | 36.6051 | 36.9625 | 37.3556 | 37.7130 |
| Camarilla | 36.3631 | 36.4319 | 36.5007 | 36.5695 | 36.6383 | 36.7071 | 36.7759 |
| Woodie | 35.4438 | 35.8457 | 36.1943 | 36.5962 | 36.9448 | 37.3467 | 37.6953 |
| Fibonacci | 35.8546 | 36.1413 | 36.3184 | 36.6051 | 36.8918 | 37.0689 | 37.3556 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.7963 | 34.3475 | 35.1305 | 35.6817 | 36.4647 | 37.0159 | 37.7989 |
| Camarilla | 35.5467 | 35.6690 | 35.7913 | 35.9136 | 36.0359 | 36.1582 | 36.2805 |
| Woodie | 33.9123 | 34.4055 | 35.2465 | 35.7397 | 36.5807 | 37.0739 | 37.9149 |
| Fibonacci | 34.3475 | 34.8571 | 35.1720 | 35.6817 | 36.1913 | 36.5062 | 37.0159 |
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): | 52.53 | |
| MACD (12,26,9): | 0.0084 | |
| Directional Movement: | -1.0714 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 36.6710 | |
| Parabolic SAR (0,02-0,02-0,2): | 36.7174 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 36.5498 | |
| Zig ZAG (10): | 36.6661 | |
| VORTEX (21): | 1.0361 | |
| Stochastique (14,3,5): | 47.77 | |
| TEMA (21): | 36.6714 | |
| Williams %R (14): | -47.54 | |
| Chande Momentum Oscillator (20): | -0.0058 | |
| Repulse (5,40,3): | 0.0404 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0046 | |
| Courbe Coppock: | 0.13 |
| MA7: | 36.6374 | |
| MA20: | 36.1466 | |
| MA50: | 35.6108 | |
| MA100: | 35.2081 | |
| MAexp7: | 36.6637 | |
| MAexp20: | 36.6592 | |
| MAexp50: | 36.6417 | |
| MAexp100: | 36.5933 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | +1.43% | |
| Price / MA50: | +2.95% | |
| Price / MA100: | +4.13% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +0.19% |
Quotes :
-
Real time data
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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, USDJPYThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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