EUR/TRY

- TRY (-)

- Real time data - Forex

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Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Forex
Ticker:	EURTRY
ISIN:

EUR/TRY - 1H - Technical analysis published on 09/17/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

17%

33%

50%

My opinion

Bullish above 37.7804 TRY

My targets

38.0513 TRY (+0.1777)

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 37.7804 TRY. The buyers' bullish objective is set at 38.0513 TRY. A bullish break in this resistance would boost the bullish momentum. 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

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

EUR/TRY rating 37.8736 TRY. On the day, this instrument gained +0.00% and was traded between 37.8145 TRY and 37.9447 TRY over the period. The price is currently at +0.16% from its lowest and -0.19% from its highest.

37.8145

37.9447

37.8736

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 study of the highest / lowest by the Central Records scanner shows the following results:

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. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 9 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	37.5343	37.6400	37.7804	37.8736	37.8978	38.0513
Change (%)	-0.90%	-0.62%	-0.25%	-	+0.06%	+0.47%
Change	-0.3393	-0.2336	-0.0932	-	+0.0242	+0.1777
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.2945	37.4179	37.6466	37.7700	37.9987	38.1221	38.3508
Camarilla	37.7785	37.8108	37.8430	37.8753	37.9076	37.9399	37.9721
Woodie	37.3472	37.4442	37.6993	37.7963	38.0514	38.1484	38.4035
Fibonacci	37.4179	37.5524	37.6355	37.7700	37.9045	37.9876	38.1221

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	36.9483	37.1550	37.3716	37.5783	37.7949	38.0016	38.2182
Camarilla	37.4719	37.5107	37.5495	37.5883	37.6271	37.6659	37.7047
Woodie	36.9534	37.1575	37.3767	37.5808	37.8000	38.0041	38.2233
Fibonacci	37.1550	37.3167	37.4166	37.5783	37.7400	37.8399	38.0016

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 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):	52.37
MACD (12,26,9):	0.0313
Directional Movement:	4.2238
AROON (14):	21.4286
DEMA (21):	37.9076
Parabolic SAR (0,02-0,02-0,2):	37.9426
Elder Ray (13):	-0.0203
Super Trend (3,10):	37.7849
Zig ZAG (10):	37.8554
VORTEX (21):	1.0062
Stochastique (14,3,5):	48.29
TEMA (21):	37.8971
Williams %R (14):	-67.89
Chande Momentum Oscillator (20):	-0.0250
Repulse (5,40,3):	-0.1193
ROCnROLL:	-1
TRIX (15,9):	0.0148
Courbe Coppock:	0.19

MA7:	37.6470
MA20:	37.7446
MA50:	36.8760
MA100:	35.9429
MAexp7:	37.8784
MAexp20:	37.8617
MAexp50:	37.7858
MAexp100:	37.7096
Price / MA7:	+0.60%
Price / MA20:	+0.34%
Price / MA50:	+2.71%
Price / MA100:	+5.37%
Price / MAexp7:	-0.02%
Price / MAexp20:	+0.02%
Price / MAexp50:	+0.22%
Price / MAexp100:	+0.43%

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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