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 09/02/2024 (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

33%

17%

50%

My opinion

Bearish under 37.7905 TRY

My targets

37.2559 TRY (-0.3874)

36.8662 TRY (-0.7771)

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 37.7905 TRY. The sellers' bearish objective is set at 37.2559 TRY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 36.8662 TRY. In case of crossing, the next objective would be the support located at 36.2006 TRY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.5

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 37.6433 TRY. The price is lower by -0.01% since the last closing and was traded between 37.6199 TRY and 37.6963 TRY over the period. The price is currently at +0.06% from its lowest and -0.14% from its highest.

37.6199

37.6963

37.6433

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by EUR/TRY:

The Central Records scanner for higher/lower results shows the following items:

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 sharp 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.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	35.4549	36.2006	37.6123	37.6433	37.7905	38.1077	38.4995
Change (%)	-5.81%	-3.83%	-0.08%	-	+0.39%	+1.23%	+2.27%
Change	-2.1884	-1.4427	-0.0310	-	+0.1472	+0.4644	+0.8562
Level	Major	Minor	Intermediate	-	Major	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.4042	37.5122	37.5788	37.6868	37.7534	37.8614	37.9280
Camarilla	37.5975	37.6135	37.6295	37.6455	37.6615	37.6775	37.6935
Woodie	37.3836	37.5019	37.5582	37.6765	37.7328	37.8511	37.9074
Fibonacci	37.5122	37.5789	37.6201	37.6868	37.7535	37.7947	37.8614

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	36.1124	36.8662	37.2559	38.0097	38.3994	39.1532	39.5429
Camarilla	37.3310	37.4359	37.5407	37.6455	37.7503	37.8551	37.9600
Woodie	35.9303	36.7752	37.0738	37.9187	38.2173	39.0622	39.3608
Fibonacci	36.8662	37.3031	37.5729	38.0097	38.4466	38.7164	39.1532

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.8455	34.2528	35.9491	37.3564	39.0527	40.4600	42.1563
Camarilla	36.7920	37.0765	37.3610	37.6455	37.9300	38.2145	38.4990
Woodie	32.9901	34.3251	36.0937	37.4287	39.1973	40.5323	42.3009
Fibonacci	34.2528	35.4383	36.1708	37.3564	38.5419	39.2744	40.4600

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):	37.47
MACD (12,26,9):	-0.0288
Directional Movement:	-6.2802
AROON (14):	-57.1429
DEMA (21):	37.6356
Parabolic SAR (0,02-0,02-0,2):	37.6888
Elder Ray (13):	-0.0023
Super Trend (3,10):	37.7712
Zig ZAG (10):	37.6463
VORTEX (21):	0.9133
Stochastique (14,3,5):	27.52
TEMA (21):	37.6405
Williams %R (14):	-71.37
Chande Momentum Oscillator (20):	0.0022
Repulse (5,40,3):	-0.0462
ROCnROLL:	2
TRIX (15,9):	-0.0124
Courbe Coppock:	0.31

MA7:	37.8743
MA20:	37.3539
MA50:	36.3452
MA100:	35.6184
MAexp7:	37.6547
MAexp20:	37.6769
MAexp50:	37.7410
MAexp100:	37.7928
Price / MA7:	-0.61%
Price / MA20:	+0.77%
Price / MA50:	+3.57%
Price / MA100:	+5.68%
Price / MAexp7:	-0.03%
Price / MAexp20:	-0.09%
Price / MAexp50:	-0.26%
Price / MAexp100:	-0.40%

Quotes : - Real time data - Forex

News

The last news published on EUR/TRY at the time of the generation of this analysis 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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Londinia AI

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