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 10/18/2024 (GMT)
- 152
- 0
- 10/18/2024 - 05:40
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- Timeframe : 1H
- - Analysis generated on 10/18/2024 - 05:40
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 37.1512 TRY
My targets
36.8840 TRY (-0.1973)
36.8722 TRY (-0.2091)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/TRY. As long as you are under the resistance located at 37.1512 TRY, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 36.8840 TRY would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 36.8722 TRY as an objective. Crossing it would then enable sellers to target 36.2006 TRY. If the resistance 37.1512 TRY were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.3
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 37.0813 TRY. The price has increased by +0.13% since the last closing with the lowest point at 37.0168 TRY and the highest point at 37.0850 TRY. The deviation from the price is +0.17% for the low point and -0.01% for the high point.37.0168
37.0850
37.0813
A study of price movements over other periods shows the following variations:
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 bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 35.4549 | 36.2006 | 36.8840 | 37.0813 | 37.1512 | 37.3082 | 37.4398 |
| Change (%) | -4.39% | -2.38% | -0.53% | - | +0.19% | +0.61% | +0.97% |
| Change | -1.6264 | -0.8807 | -0.1973 | - | +0.0699 | +0.2269 | +0.3585 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 36.5748 | 36.7294 | 36.8810 | 37.0356 | 37.1872 | 37.3418 | 37.4934 |
| Camarilla | 36.9484 | 36.9765 | 37.0045 | 37.0326 | 37.0607 | 37.0887 | 37.1168 |
| Woodie | 36.5733 | 36.7287 | 36.8795 | 37.0349 | 37.1857 | 37.3411 | 37.4919 |
| Fibonacci | 36.7294 | 36.8464 | 36.9186 | 37.0356 | 37.1526 | 37.2248 | 37.3418 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.8722 | 37.0770 | 37.2852 | 37.4900 | 37.6982 | 37.9030 | 38.1112 |
| Camarilla | 37.3799 | 37.4178 | 37.4556 | 37.4935 | 37.5314 | 37.5692 | 37.6071 |
| Woodie | 36.8740 | 37.0779 | 37.2870 | 37.4909 | 37.7000 | 37.9039 | 38.1130 |
| Fibonacci | 37.0770 | 37.2347 | 37.3322 | 37.4900 | 37.6477 | 37.7452 | 37.9030 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.5873 | 36.9745 | 37.5357 | 37.9229 | 38.4841 | 38.8713 | 39.4325 |
| Camarilla | 37.8362 | 37.9231 | 38.0101 | 38.0970 | 38.1839 | 38.2709 | 38.3578 |
| Woodie | 36.6744 | 37.0180 | 37.6228 | 37.9664 | 38.5712 | 38.9148 | 39.5196 |
| Fibonacci | 36.9745 | 37.3368 | 37.5606 | 37.9229 | 38.2852 | 38.5090 | 38.8713 |
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): | 50.61 | |
| MACD (12,26,9): | -0.0216 | |
| Directional Movement: | -1.0477 | |
| AROON (14): | 85.7142 | |
| DEMA (21): | 37.0015 | |
| Parabolic SAR (0,02-0,02-0,2): | 36.9332 | |
| Elder Ray (13): | 0.0276 | |
| Super Trend (3,10): | 37.1122 | |
| Zig ZAG (10): | 37.0609 | |
| VORTEX (21): | 0.9306 | |
| Stochastique (14,3,5): | 81.90 | |
| TEMA (21): | 37.0218 | |
| Williams %R (14): | -7.90 | |
| Chande Momentum Oscillator (20): | 0.0576 | |
| Repulse (5,40,3): | 0.0685 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0148 | |
| Courbe Coppock: | 0.04 |
| MA7: | 37.2599 | |
| MA20: | 37.6569 | |
| MA50: | 37.6370 | |
| MA100: | 36.5967 | |
| MAexp7: | 37.0369 | |
| MAexp20: | 37.0390 | |
| MAexp50: | 37.1103 | |
| MAexp100: | 37.2103 | |
| Price / MA7: | -0.48% | |
| Price / MA20: | -1.53% | |
| Price / MA50: | -1.48% | |
| Price / MA100: | +1.32% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.35% |
Quotes :
10/18/2024 - 05:39
-
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:
-
05/15/2023 - 10:08
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.
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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