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 08/10/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

72%

28%

My opinion

Bullish above 9.8946 TRY

My targets

10.2520 TRY (+0.0970)

10.5637 TRY (+0.4087)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on EUR/TRY as long as the price remains well above 9.8946 TRY. The buyers' bullish objective is set at 10.2520 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.5637 TRY. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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

5.5

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/TRY price is 10.1550 TRY. The price is lower by -0.03% since the last closing and was between 10.1453 TRY and 10.1783 TRY. This implies that the price is at +0.10% from its lowest and at -0.23% from its highest.

10.1453

10.1783

10.1550

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 (5 years)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of EUR/TRY in Daily shows an overall bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Three white soldiers

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	8.9523	9.5759	10.1226	10.1550	10.5637
Change (%)	-11.84%	-5.70%	-0.32%	-	+4.02%
Change	-1.2027	-0.5791	-0.0324	-	+0.4087
Level	Minor	Minor	Major	-	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	10.0493	10.0871	10.1228	10.1606	10.1963	10.2341	10.2698
Camarilla	10.1382	10.1449	10.1517	10.1584	10.1651	10.1719	10.1786
Woodie	10.0482	10.0866	10.1217	10.1601	10.1952	10.2336	10.2687
Fibonacci	10.0871	10.1152	10.1326	10.1606	10.1887	10.2061	10.2341

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.6133	9.7312	9.9347	10.0526	10.2561	10.3740	10.5775
Camarilla	10.0497	10.0792	10.1086	10.1381	10.1676	10.1970	10.2265
Woodie	9.6560	9.7526	9.9774	10.0740	10.2988	10.3954	10.6202
Fibonacci	9.7312	9.8540	9.9299	10.0526	10.1754	10.2513	10.3740

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.5372	9.7559	9.8946	10.1133	10.2520	10.4707	10.6094
Camarilla	9.9349	9.9677	10.0004	10.0332	10.0660	10.0987	10.1315
Woodie	9.4971	9.7359	9.8545	10.0933	10.2119	10.4507	10.5693
Fibonacci	9.7559	9.8925	9.9768	10.1133	10.2499	10.3342	10.4707

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):	51.48
MACD (12,26,9):	-0.0317
Directional Movement:	-3.0533
AROON (14):	28.5714
DEMA (21):	10.0639
Parabolic SAR (0,02-0,02-0,2):	9.8876
Elder Ray (13):	0.0580
Super Trend (3,10):	10.2440
Zig ZAG (10):	10.1535
VORTEX (21):	0.9595
Stochastique (14,3,5):	88.58
TEMA (21):	10.0624
Williams %R (14):	-13.03
Chande Momentum Oscillator (20):	0.0888
Repulse (5,40,3):	0.4663
ROCnROLL:	1
TRIX (15,9):	-0.0814
Courbe Coppock:	0.46

MA7:	10.0702
MA20:	10.0881
MA50:	10.2455
MA100:	10.0951
MAexp7:	10.1074
MAexp20:	10.1160
MAexp50:	10.1421
MAexp100:	9.9978
Price / MA7:	+0.84%
Price / MA20:	+0.66%
Price / MA50:	-0.88%
Price / MA100:	+0.59%
Price / MAexp7:	+0.47%
Price / MAexp20:	+0.38%
Price / MAexp50:	+0.12%
Price / MAexp100:	+1.57%

Quotes : - Real time data - Forex

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

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