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 07/27/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 17.6581 TRY

My targets

18.4033 TRY (+0.2875)

18.8617 TRY (+0.7459)

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 17.6581 TRY. The buyers' bullish objective is set at 18.4033 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 18.8617 TRY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

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 rating is 18.1158 TRY. On the day, this instrument gained +0.11% and was traded between 18.0885 TRY and 18.1303 TRY over the period. The price is currently at +0.15% from its lowest and -0.08% from its highest.

18.0885

18.1303

18.1158

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

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

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

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

Bullish harami

Type : Bullish

Timeframe : Daily

Bullish harami cross

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	12.1318	16.3838	17.3617	18.1158	18.8617
Change (%)	-33.03%	-9.56%	-4.16%	-	+4.12%
Change	-5.9840	-1.7320	-0.7541	-	+0.7459
Level	Minor	Major	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	17.7377	17.8842	17.9901	18.1366	18.2425	18.3890	18.4949
Camarilla	18.0265	18.0496	18.0728	18.0959	18.1190	18.1422	18.1653
Woodie	17.7173	17.8741	17.9697	18.1265	18.2221	18.3789	18.4745
Fibonacci	17.8842	17.9807	18.0402	18.1366	18.2331	18.2926	18.3890

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.8904	17.1653	17.6379	17.9128	18.3854	18.6603	19.1329
Camarilla	17.9048	17.9734	18.0419	18.1104	18.1789	18.2474	18.3160
Woodie	16.9892	17.2147	17.7367	17.9622	18.4842	18.7097	19.2317
Fibonacci	17.1653	17.4509	17.6273	17.9128	18.1984	18.3748	18.6603

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.1003	16.0066	16.7518	17.6581	18.4033	19.3096	20.0548
Camarilla	17.0428	17.1942	17.3456	17.4970	17.6484	17.7998	17.9512
Woodie	15.0198	15.9663	16.6713	17.6178	18.3228	19.2693	19.9743
Fibonacci	16.0066	16.6375	17.0272	17.6581	18.2890	18.6787	19.3096

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):	62.04
MACD (12,26,9):	0.1416
Directional Movement:	8.2992
AROON (14):	64.2857
DEMA (21):	18.0073
Parabolic SAR (0,02-0,02-0,2):	17.3522
Elder Ray (13):	0.1917
Super Trend (3,10):	18.2570
Zig ZAG (10):	18.1188
VORTEX (21):	1.1412
Stochastique (14,3,5):	84.01
TEMA (21):	18.0263
Williams %R (14):	-19.30
Chande Momentum Oscillator (20):	0.7256
Repulse (5,40,3):	0.1534
ROCnROLL:	1
TRIX (15,9):	0.0502
Courbe Coppock:	6.41

MA7:	18.0774
MA20:	17.7068
MA50:	17.7386
MA100:	16.8921
MAexp7:	18.0343
MAexp20:	17.8431
MAexp50:	17.5360
MAexp100:	16.8658
Price / MA7:	+0.21%
Price / MA20:	+2.31%
Price / MA50:	+2.13%
Price / MA100:	+7.24%
Price / MAexp7:	+0.45%
Price / MAexp20:	+1.53%
Price / MAexp50:	+3.31%
Price / MAexp100:	+7.41%

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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