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 12/05/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 36.6963 TRY

My targets

36.9441 TRY (+0.1965)

37.2023 TRY (+0.4547)

My analysis

EUR/TRY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 36.6963 TRY. The next resistance located at 36.9441 TRY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 37.2023 TRY. After this resistance, buyers could then target 37.5024 TRY. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

9.1

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 36.7476 TRY. The price has increased by +0.60% since the last closing and was traded between 36.5135 TRY and 36.7530 TRY over the period. The price is currently at +0.64% from its lowest and -0.01% from its highest.

36.5135

36.7530

36.7476

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

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by EUR/TRY:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

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 strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong 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 : Moving Average 100

Type : Bullish

Timeframe : 1 hour

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

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

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	36.5279	36.6343	36.6963	36.7476	36.7698	36.9441	37.5024
Change (%)	-0.60%	-0.31%	-0.14%	-	+0.06%	+0.53%	+2.05%
Change	-0.2197	-0.1133	-0.0513	-	+0.0222	+0.1965	+0.7548
Level	Minor	Intermediate	Minor	-	Minor	Minor	Major

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	36.1578	36.2768	36.4025	36.5215	36.6472	36.7662	36.8919
Camarilla	36.4609	36.4833	36.5058	36.5282	36.5506	36.5731	36.5955
Woodie	36.1612	36.2785	36.4059	36.5232	36.6506	36.7679	36.8953
Fibonacci	36.2768	36.3703	36.4280	36.5215	36.6150	36.6727	36.7662

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.5816	35.8335	36.2660	36.5179	36.9504	37.2023	37.6348
Camarilla	36.5103	36.5730	36.6358	36.6985	36.7612	36.8240	36.8867
Woodie	35.6719	35.8787	36.3563	36.5631	37.0407	37.2475	37.7251
Fibonacci	35.8335	36.0949	36.2565	36.5179	36.7793	36.9409	37.2023

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.9794	34.8571	35.7778	36.6555	37.5762	38.4539	39.3746
Camarilla	36.2039	36.3688	36.5337	36.6985	36.8634	37.0282	37.1931
Woodie	34.0009	34.8679	35.7993	36.6663	37.5977	38.4647	39.3961
Fibonacci	34.8571	35.5441	35.9685	36.6555	37.3425	37.7669	38.4539

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	71.69
MACD (12,26,9):	0.0353
Directional Movement:	20.4286
AROON (14):	100.0000
DEMA (21):	36.6290
Parabolic SAR (0,02-0,02-0,2):	36.5092
Elder Ray (13):	0.1055
Super Trend (3,10):	36.5326
Zig ZAG (10):	36.7369
VORTEX (21):	1.0997
Stochastique (14,3,5):	82.27
TEMA (21):	36.6538
Williams %R (14):	-2.17
Chande Momentum Oscillator (20):	0.1924
Repulse (5,40,3):	0.5175
ROCnROLL:	1
TRIX (15,9):	0.0083
Courbe Coppock:	0.52

MA7:	36.5956
MA20:	36.4609
MA50:	36.9960
MA100:	37.0820
MAexp7:	36.6370
MAexp20:	36.5869
MAexp50:	36.5512
MAexp100:	36.5272
Price / MA7:	+0.42%
Price / MA20:	+0.79%
Price / MA50:	-0.67%
Price / MA100:	-0.90%
Price / MAexp7:	+0.30%
Price / MAexp20:	+0.44%
Price / MAexp50:	+0.54%
Price / MAexp100:	+0.60%

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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