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 11/14/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

33%

My opinion

Bearish under 36.3818 TRY

My targets

36.2006 TRY (-0.0816)

36.0437 TRY (-0.2385)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 36.3818 TRY remains possible. It is advisable to trade EUR/TRY with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 36.3818 TRY. The next bearish objective for sellers is set at 36.2006 TRY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 36.0437 TRY. In case of crossing, the next objective would be the support located at 35.4486 TRY. PS: if there is a bullish break in the resistance located at 36.3818 TRY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.4

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.

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Additional analysis

Quotes

EUR/TRY rating 36.2822 TRY. On the day, this instrument lost -0.02% and was traded between 36.0643 TRY and 36.3297 TRY over the period. The price is currently at +0.60% from its lowest and -0.13% from its highest.

36.0643

36.3297

36.2822

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 (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this EUR/TRY chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	35.0272	35.4486	36.2006	36.2822	36.3818	36.6321	36.9441
Change (%)	-3.46%	-2.30%	-0.22%	-	+0.27%	+0.96%	+1.82%
Change	-1.2550	-0.8336	-0.0816	-	+0.0996	+0.3499	+0.6619
Level	Intermediate	Major	Intermediate	-	Minor	Intermediate	Intermediate

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	35.7915	36.0192	36.1548	36.3825	36.5181	36.7458	36.8814
Camarilla	36.1906	36.2239	36.2572	36.2905	36.3238	36.3571	36.3904
Woodie	35.7456	35.9962	36.1089	36.3595	36.4722	36.7228	36.8355
Fibonacci	36.0192	36.1580	36.2437	36.3825	36.5213	36.6070	36.7458

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.4986	36.0437	36.4429	36.9880	37.3872	37.9323	38.3315
Camarilla	36.5823	36.6689	36.7554	36.8420	36.9286	37.0151	37.1017
Woodie	35.4256	36.0072	36.3699	36.9515	37.3142	37.8958	38.2585
Fibonacci	36.0437	36.4045	36.6273	36.9880	37.3488	37.5716	37.9323

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.5531	36.2186	36.7780	37.4435	38.0029	38.6684	39.2278
Camarilla	37.0007	37.1129	37.2252	37.3375	37.4498	37.5621	37.6744
Woodie	35.5002	36.1921	36.7251	37.4170	37.9500	38.6419	39.1749
Fibonacci	36.2186	36.6865	36.9756	37.4435	37.9114	38.2005	38.6684

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):	50.10
MACD (12,26,9):	-0.0459
Directional Movement:	1.4332
AROON (14):	28.5714
DEMA (21):	36.1794
Parabolic SAR (0,02-0,02-0,2):	36.0854
Elder Ray (13):	0.0604
Super Trend (3,10):	36.2934
Zig ZAG (10):	36.2674
VORTEX (21):	0.9767
Stochastique (14,3,5):	68.22
TEMA (21):	36.1859
Williams %R (14):	-22.04
Chande Momentum Oscillator (20):	0.0468
Repulse (5,40,3):	0.0932
ROCnROLL:	-1
TRIX (15,9):	-0.0244
Courbe Coppock:	0.36

MA7:	36.6144
MA20:	36.9689
MA50:	37.4143
MA100:	36.9532
MAexp7:	36.2204
MAexp20:	36.2472
MAexp50:	36.3543
MAexp100:	36.5044
Price / MA7:	-0.91%
Price / MA20:	-1.86%
Price / MA50:	-3.03%
Price / MA100:	-1.82%
Price / MAexp7:	+0.17%
Price / MAexp20:	+0.10%
Price / MAexp50:	-0.20%
Price / MAexp100:	-0.61%

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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