EUR/TRY - 1H - Technical analysis published on 10/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Neutral
Technical indicators
17%
39%
44%
My opinion
Neutral between 37.0792 TRY and 37.3087 TRY
My targets
-
My analysis
There is no basic trend on EUR/TRY and in the short term, there are still few buyers. It is difficult to advise a trading direction under these conditions. The nearest resistance is located at 37.3087 TRY. The nearest support is located at 37.0792 TRY. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish sentiment.
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/TRY rating 37.1902 TRY. On the day, this instrument lost -0.03% and was traded between 37.0435 TRY and 37.3102 TRY over the period. The price is currently at +0.40% from its lowest and -0.32% from its highest.37.0435
37.3102
37.1902
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
Technical analysis of this 1H chart of EUR/TRY indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the slightly bullish signals currently given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 7 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 36.2006 | 36.8840 | 37.0792 | 37.1902 | 37.2139 | 37.3087 | 37.4398 |
| Change (%) | -2.66% | -0.82% | -0.30% | - | +0.06% | +0.32% | +0.67% |
| Change | -0.9896 | -0.3062 | -0.1110 | - | +0.0237 | +0.1185 | +0.2496 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.8466 | 36.9317 | 37.0657 | 37.1508 | 37.2848 | 37.3699 | 37.5039 |
| Camarilla | 37.1395 | 37.1595 | 37.1796 | 37.1997 | 37.2198 | 37.2399 | 37.2600 |
| Woodie | 36.8711 | 36.9439 | 37.0902 | 37.1630 | 37.3093 | 37.3821 | 37.5284 |
| Fibonacci | 36.9317 | 37.0154 | 37.0671 | 37.1508 | 37.2345 | 37.2862 | 37.3699 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.2465 | 36.5652 | 36.8825 | 37.2012 | 37.5185 | 37.8372 | 38.1545 |
| Camarilla | 37.0248 | 37.0831 | 37.1414 | 37.1997 | 37.2580 | 37.3163 | 37.3746 |
| Woodie | 36.2457 | 36.5649 | 36.8817 | 37.2009 | 37.5177 | 37.8369 | 38.1537 |
| Fibonacci | 36.5652 | 36.8082 | 36.9583 | 37.2012 | 37.4442 | 37.5943 | 37.8372 |
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 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): | 50.20 | |
| MACD (12,26,9): | 0.0041 | |
| Directional Movement: | -7.7288 | |
| AROON (14): | 0 | |
| DEMA (21): | 37.1912 | |
| Parabolic SAR (0,02-0,02-0,2): | 37.2528 | |
| Elder Ray (13): | 0.0020 | |
| Super Trend (3,10): | 37.0690 | |
| Zig ZAG (10): | 37.1824 | |
| VORTEX (21): | 0.9831 | |
| Stochastique (14,3,5): | 48.47 | |
| TEMA (21): | 37.1782 | |
| Williams %R (14): | -61.39 | |
| Chande Momentum Oscillator (20): | -0.0729 | |
| Repulse (5,40,3): | -0.0039 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0056 | |
| Courbe Coppock: | 0.26 |
| MA7: | 37.2382 | |
| MA20: | 37.6253 | |
| MA50: | 37.6499 | |
| MA100: | 36.6188 | |
| MAexp7: | 37.1760 | |
| MAexp20: | 37.1797 | |
| MAexp50: | 37.1663 | |
| MAexp100: | 37.1980 | |
| Price / MA7: | -0.13% | |
| Price / MA20: | -1.16% | |
| Price / MA50: | -1.22% | |
| Price / MA100: | +1.56% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | -0.02% |
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.
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