Post an Analysis Request an analysis AI Londinia analysis
EUR/TRY
EUR TRY
- TRY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURTRY
ISIN:

EUR/TRY - Daily - Technical analysis published on 09/02/2020 (GMT)

  • Who voted?
  • 166
  • 0
Londinia
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
44%
28%
28%
My opinion
Bullish above 8.5750 TRY
My targets
9.0308 TRY (+0.2993)
9.2790 TRY (+0.5475)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/TRY as long as the price remains well above 8.5750 TRY. The buyers” bullish objective is set at 9.0308 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.2790 TRY. If there is any crossing, the next objective would be the resistance located at 9.7348 TRY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.6

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The EUR/TRY price is 8.7315 TRY. On the day, this instrument lost -0.59% and was traded between 8.7286 TRY and 8.7878 TRY over the period. The price is currently at +0.03% from its lowest and -0.64% from its highest.

8.7286
8.7878
8.7315

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

Central Gaps

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:

Central Records

New HIGH record (5 years)

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 Daily 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 currently does not detect any result that concerns moving averages.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 6.9096 7.3959 7.9252 8.7315 8.7514
Change (%) -20.87% -15.30% -9.23% - +0.23%
Change -1.8219 -1.3356 -0.8063 - +0.0199
Level Major Intermediate Major - Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.66708.71548.74928.79768.83148.87988.9136
Camarilla8.76058.76808.77568.78318.79068.79828.8057
Woodie8.65988.71188.74208.79408.82428.87628.9064
Fibonacci8.71548.74688.76628.79768.82908.84848.8798


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.42488.50838.61228.69578.79968.88318.9870
Camarilla8.66468.68178.69898.71618.73338.75058.7676
Woodie8.43508.51348.62248.70088.80988.88828.9972
Fibonacci8.50838.57998.62418.69578.76738.81158.8831


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.62287.87108.32688.57509.03089.27909.7348
Camarilla8.58908.65358.71818.78268.84718.91178.9762
Woodie7.72667.92298.43068.62699.13469.33099.8386
Fibonacci7.87108.13998.30618.57508.84399.01019.2790

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): 65.82
MACD (12,26,9): 0.1521
Directional Movement: 9.0527
AROON (14): 50.0000
DEMA (21): 8.8416
Parabolic SAR (0,02-0,02-0,2): 8.5102
Elder Ray (13): 0.0634
Super Trend (3,10): 8.4412
Zig ZAG (10): 8.7466
VORTEX (21): 1.1991
Stochastique (14,3,5): 80.67
TEMA (21): 8.8275
Williams %R (14): -30.28
Chande Momentum Oscillator (20): -0.0250
Repulse (5,40,3): -0.2186
ROCnROLL: 1
TRIX (15,9): 0.3148
Courbe Coppock: 2.98
MA7: 8.7411
MA20: 8.6864
MA50: 8.2151
MA100: 7.9047
MAexp7: 8.7388
MAexp20: 8.6231
MAexp50: 8.3128
MAexp100: 7.9587
Price / MA7: -0.11%
Price / MA20: +0.52%
Price / MA50: +6.29%
Price / MA100: +10.46%
Price / MAexp7: -0.08%
Price / MAexp20: +1.26%
Price / MAexp50: +5.04%
Price / MAexp100: +9.71%

Quotes : 2020-09-02 15:45:17 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

Online

Overall rating :
15104
Number of analyses :
72356
Followers :
0
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

Add a comment

no pic

Comments

0 comments on the analysis EUR/TRY - Daily

NEW !