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 03/02/2025 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 38.0456 TRY

My targets

37.8991 TRY (-0.0863)

37.8381 TRY (-0.1473)

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 38.0456 TRY, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 37.8991 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 37.8381 TRY as an objective. Crossing it would then enable sellers to target 37.7497 TRY. If the resistance 38.0456 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

4.8

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 37.9854 TRY. The price has increased by +0.37% since the last closing with the lowest point at 37.9107 TRY and the highest point at 38.0111 TRY. The deviation from the price is +0.20% for the low point and -0.07% for the high point.

37.9107

38.0111

37.9854

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 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

A technical analysis in 1H of this EUR/TRY chart shows a bearish trend. 78.57% 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 market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	37.7497	37.8381	37.8991	37.9854	38.0456	38.1999	38.3827
Change (%)	-0.62%	-0.39%	-0.23%	-	+0.16%	+0.56%	+1.05%
Change	-0.2357	-0.1473	-0.0863	-	+0.0602	+0.2145	+0.3973
Level	Minor	Intermediate	Minor	-	Intermediate	Major	Major

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	37.4705	37.6257	37.7351	37.8903	37.9997	38.1549	38.2643
Camarilla	37.7716	37.7959	37.8202	37.8444	37.8687	37.8929	37.9172
Woodie	37.4475	37.6143	37.7121	37.8789	37.9767	38.1435	38.2413
Fibonacci	37.6257	37.7268	37.7893	37.8903	37.9914	38.0539	38.1549

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	36.9678	37.3744	37.6094	38.0160	38.2510	38.6576	38.8926
Camarilla	37.6680	37.7268	37.7856	37.8444	37.9032	37.9620	38.0208
Woodie	36.8820	37.3315	37.5236	37.9731	38.1652	38.6147	38.8068
Fibonacci	37.3744	37.6195	37.7709	38.0160	38.2611	38.4125	38.6576

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.0895	35.8717	36.8581	37.6403	38.6267	39.4089	40.3953
Camarilla	37.3580	37.5202	37.6823	37.8444	38.0065	38.1686	38.3308
Woodie	35.1915	35.9228	36.9601	37.6914	38.7287	39.4600	40.4973
Fibonacci	35.8717	36.5473	36.9647	37.6403	38.3159	38.7333	39.4089

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):	32.25
MACD (12,26,9):	-0.0381
Directional Movement:	-14.8143
AROON (14):	-35.7142
DEMA (21):	37.8921
Parabolic SAR (0,02-0,02-0,2):	37.9885
Elder Ray (13):	-0.0591
Super Trend (3,10):	38.0433
Zig ZAG (10):	37.8444
VORTEX (21):	0.8930
Stochastique (14,3,5):	26.29
TEMA (21):	37.8923
Williams %R (14):	-76.04
Chande Momentum Oscillator (20):	-0.1231
Repulse (5,40,3):	-0.1542
ROCnROLL:	2
TRIX (15,9):	-0.0105
Courbe Coppock:	0.28

MA7:	38.1259
MA20:	37.7411
MA50:	37.1520
MA100:	36.9744
MAexp7:	37.8952
MAexp20:	37.9413
MAexp50:	38.0138
MAexp100:	38.0708
Price / MA7:	-0.37%
Price / MA20:	+0.65%
Price / MA50:	+2.24%
Price / MA100:	+2.73%
Price / MAexp7:	+0.24%
Price / MAexp20:	+0.12%
Price / MAexp50:	-0.07%
Price / MAexp100:	-0.22%

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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