EUR/TRY - 1H - Technical analysis published on 08/09/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Neutral
Technical indicators
17%
50%
33%
My opinion
Neutral between 18.2680 TRY and 18.3259 TRY
My targets
-
My analysis
The basic trend is neutral and the short term is tentatively bearish. With such a pattern, it is difficult to favour buying or selling. The first support is located at 18.2680 TRY. The first resistance is located at 18.3259 TRY. However, the probabilities of moving towards the first support before the first resistance are slightly higher. Without a basic trend, it is important to monitor the price response at these levels. A bearish break in the support or a bullish break in the resistance could provide a signal that would set the new direction of the basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement recorded by EUR/TRY.
In the very short term, technical indicators are bearish and could soon allow change to a bearish sentiment.
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.
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Additional analysis
Quotes
EUR/TRY rating 18.2966 TRY. The price is lower by -0.02% since the last closing and was between 18.2832 TRY and 18.3116 TRY. This implies that the price is at +0.07% from its lowest and at -0.08% from its highest.18.2832
18.3116
18.2966
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/TRY chart shows a neutral trend. This indecision could turn into a bearish trend due to the slightly bearish signals currently given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.1362 | 18.1939 | 18.2680 | 18.2966 | 18.3259 | 18.3698 | 18.3990 |
| Change (%) | -0.88% | -0.56% | -0.16% | - | +0.16% | +0.40% | +0.56% |
| Change | -0.1604 | -0.1027 | -0.0286 | - | +0.0293 | +0.0732 | +0.1024 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.0296 | 18.1115 | 18.2060 | 18.2879 | 18.3824 | 18.4643 | 18.5588 |
| Camarilla | 18.2520 | 18.2682 | 18.2843 | 18.3005 | 18.3167 | 18.3328 | 18.3490 |
| Woodie | 18.0359 | 18.1147 | 18.2123 | 18.2911 | 18.3887 | 18.4675 | 18.5651 |
| Fibonacci | 18.1115 | 18.1789 | 18.2205 | 18.2879 | 18.3553 | 18.3969 | 18.4643 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.8683 | 18.0254 | 18.1334 | 18.2905 | 18.3985 | 18.5556 | 18.6636 |
| Camarilla | 18.1686 | 18.1929 | 18.2172 | 18.2415 | 18.2658 | 18.2901 | 18.3144 |
| Woodie | 17.8439 | 18.0131 | 18.1090 | 18.2782 | 18.3741 | 18.5433 | 18.6392 |
| Fibonacci | 18.0254 | 18.1266 | 18.1892 | 18.2905 | 18.3917 | 18.4543 | 18.5556 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.5529 | 16.9355 | 17.6270 | 18.0096 | 18.7011 | 19.0837 | 19.7752 |
| Camarilla | 18.0230 | 18.1215 | 18.2199 | 18.3184 | 18.4169 | 18.5153 | 18.6138 |
| Woodie | 16.7073 | 17.0127 | 17.7814 | 18.0868 | 18.8555 | 19.1609 | 19.9296 |
| Fibonacci | 16.9355 | 17.3458 | 17.5993 | 18.0096 | 18.4199 | 18.6734 | 19.0837 |
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): | 50.05 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | -4.1219 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 18.2995 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.3398 | |
| Elder Ray (13): | -0.0028 | |
| Super Trend (3,10): | 18.2248 | |
| Zig ZAG (10): | 18.2947 | |
| VORTEX (21): | 1.0509 | |
| Stochastique (14,3,5): | 30.54 | |
| TEMA (21): | 18.2998 | |
| Williams %R (14): | -71.16 | |
| Chande Momentum Oscillator (20): | -0.0205 | |
| Repulse (5,40,3): | -0.0370 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0030 | |
| Courbe Coppock: | 0.19 |
| MA7: | 18.2924 | |
| MA20: | 18.0795 | |
| MA50: | 17.9209 | |
| MA100: | 17.0769 | |
| MAexp7: | 18.2959 | |
| MAexp20: | 18.2980 | |
| MAexp50: | 18.2976 | |
| MAexp100: | 18.2962 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | +1.20% | |
| Price / MA50: | +2.10% | |
| Price / MA100: | +7.14% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | +0.00% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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