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 02/28/2025 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

50%

22%

28%

My opinion

Bearish under 38.1255 TRY

My targets

37.8855 TRY (-0.0656)

37.7497 TRY (-0.2014)

My analysis

The bearish trend is currently very strong for EUR/TRY. As long as the price remains below the resistance at 38.1255 TRY, you could try to take advantage of the bearish rally. The first bearish objective is located at 37.8855 TRY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 37.7497 TRY as an objective. Crossing it would then enable sellers to target 37.4379 TRY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.2

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

The EUR/TRY price is 37.9511 TRY. On the day, this instrument lost -0.02% and was traded between 37.9118 TRY and 38.0155 TRY over the period. The price is currently at +0.10% from its lowest and -0.17% from its highest.

37.9118

38.0155

37.9511

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of EUR/TRY indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	37.4379	37.7497	37.8855	37.9511	37.9742	38.1255	38.1999
Change (%)	-1.35%	-0.53%	-0.17%	-	+0.06%	+0.46%	+0.66%
Change	-0.5132	-0.2014	-0.0656	-	+0.0231	+0.1744	+0.2488
Level	Major	Minor	Intermediate	-	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	37.3774	37.6077	37.7838	38.0141	38.1902	38.4205	38.5966
Camarilla	37.8480	37.8853	37.9226	37.9598	37.9971	38.0343	38.0716
Woodie	37.3502	37.5942	37.7566	38.0006	38.1630	38.4070	38.5694
Fibonacci	37.6077	37.7630	37.8589	38.0141	38.1694	38.2653	38.4205

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.2882	37.5189	37.8142	38.0449	38.3402	38.5709	38.8662
Camarilla	37.9648	38.0130	38.0612	38.1094	38.1576	38.2058	38.2541
Woodie	37.3204	37.5351	37.8464	38.0611	38.3724	38.5871	38.8984
Fibonacci	37.5189	37.7199	37.8440	38.0449	38.2459	38.3700	38.5709

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.6053	35.3593	36.1293	36.8833	37.6533	38.4073	39.1773
Camarilla	36.4802	36.6199	36.7596	36.8993	37.0390	37.1787	37.3184
Woodie	34.6133	35.3633	36.1373	36.8873	37.6613	38.4113	39.1853
Fibonacci	35.3593	35.9415	36.3011	36.8833	37.4655	37.8251	38.4073

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):	39.14
MACD (12,26,9):	-0.0568
Directional Movement:	-14.8846
AROON (14):	28.5715
DEMA (21):	37.9056
Parabolic SAR (0,02-0,02-0,2):	37.8993
Elder Ray (13):	-0.0198
Super Trend (3,10):	38.0591
Zig ZAG (10):	37.9426
VORTEX (21):	0.8197
Stochastique (14,3,5):	55.05
TEMA (21):	37.8975
Williams %R (14):	-43.01
Chande Momentum Oscillator (20):	0.0297
Repulse (5,40,3):	-0.0047
ROCnROLL:	2
TRIX (15,9):	-0.0258
Courbe Coppock:	0.45

MA7:	38.1401
MA20:	37.7460
MA50:	37.1540
MA100:	36.9754
MAexp7:	37.9410
MAexp20:	37.9850
MAexp50:	38.0774
MAexp100:	38.1160
Price / MA7:	-0.50%
Price / MA20:	+0.54%
Price / MA50:	+2.15%
Price / MA100:	+2.64%
Price / MAexp7:	+0.03%
Price / MAexp20:	-0.09%
Price / MAexp50:	-0.33%
Price / MAexp100:	-0.43%

Quotes : - Real time data - Forex

News

The last news published on EUR/TRY at the time of the generation of this analysis was 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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