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 09/08/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

39%

33%

28%

My opinion

Bullish above 37.6750 TRY

My targets

37.9022 TRY (+0.1297)

38.0513 TRY (+0.2788)

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 37.6750 TRY. The buyers' bullish objective is set at 37.9022 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 38.0513 TRY. If there is any crossing, the next objective would be the resistance located at 38.4995 TRY. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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

Force

4.8

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 37.7725 TRY. On the day, this instrument gained +0.18% and was traded between 37.6585 TRY and 37.7849 TRY over the period. The price is currently at +0.30% from its lowest and -0.03% from its highest.

37.6585

37.7849

37.7725

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

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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 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. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 5 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	37.4577	37.5836	37.6750	37.7725	37.7910	37.9022	38.0513
Change (%)	-0.83%	-0.50%	-0.26%	-	+0.05%	+0.34%	+0.74%
Change	-0.3148	-0.1889	-0.0975	-	+0.0185	+0.1297	+0.2788
Level	Intermediate	Intermediate	Minor	-	Major	Intermediate	Major

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	37.2853	37.4484	37.5761	37.7392	37.8669	38.0300	38.1577
Camarilla	37.6239	37.6506	37.6772	37.7039	37.7306	37.7572	37.7839
Woodie	37.2677	37.4396	37.5585	37.7304	37.8493	38.0212	38.1401
Fibonacci	37.4484	37.5595	37.6281	37.7392	37.8503	37.9189	38.0300

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.0282	37.2426	37.4733	37.6877	37.9184	38.1328	38.3635
Camarilla	37.5815	37.6223	37.6631	37.7039	37.7447	37.7855	37.8263
Woodie	37.0363	37.2467	37.4814	37.6918	37.9265	38.1369	38.3716
Fibonacci	37.2426	37.4127	37.5177	37.6877	37.8578	37.9628	38.1328

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):	50.74
MACD (12,26,9):	-0.0101
Directional Movement:	8.0623
AROON (14):	-28.5714
DEMA (21):	37.7092
Parabolic SAR (0,02-0,02-0,2):	37.7853
Elder Ray (13):	0.0123
Super Trend (3,10):	37.9101
Zig ZAG (10):	37.7354
VORTEX (21):	0.9610
Stochastique (14,3,5):	33.53
TEMA (21):	37.6901
Williams %R (14):	-58.53
Chande Momentum Oscillator (20):	-0.0136
Repulse (5,40,3):	0.1713
ROCnROLL:	1
TRIX (15,9):	-0.0021
Courbe Coppock:	0.49

MA7:	37.6660
MA20:	37.6104
MA50:	36.5969
MA100:	35.7708
MAexp7:	37.7054
MAexp20:	37.7171
MAexp50:	37.7103
MAexp100:	37.6991
Price / MA7:	+0.28%
Price / MA20:	+0.43%
Price / MA50:	+3.21%
Price / MA100:	+5.60%
Price / MAexp7:	+0.18%
Price / MAexp20:	+0.15%
Price / MAexp50:	+0.16%
Price / MAexp100:	+0.19%

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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