EUR/TRY - 1H - Technical analysis published on 07/02/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 46.8840 TRY
My targets
47.1468 TRY (+0.1271)
My analysis
The basic bullish trend is very strong on EUR/TRY but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 46.8840 TRY. Crossing the first resistance at 47.1468 TRY would be a sign of a potential new surge in the price. Caution, a return to below 46.8840 TRY would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/TRY rating 47.0197 TRY. The price registered a decrease of -0.05% on the session and was between 46.7549 TRY and 47.0762 TRY. This implies that the price is at +0.57% from its lowest and at -0.12% from its highest.46.7549
47.0762
47.0197
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/TRY indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black evening star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 46.0774 | 46.5495 | 46.8840 | 47.0197 | 47.1468 |
| Change (%) | -2.00% | -1.00% | -0.29% | - | +0.27% |
| Change | -0.9423 | -0.4702 | -0.1357 | - | +0.1271 |
| Level | Minor | Intermediate | Minor | - | 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 | 46.5682 | 46.7051 | 46.8730 | 47.0099 | 47.1778 | 47.3147 | 47.4826 |
| Camarilla | 46.9571 | 46.9850 | 47.0130 | 47.0409 | 47.0688 | 47.0968 | 47.1247 |
| Woodie | 46.5837 | 46.7129 | 46.8885 | 47.0177 | 47.1933 | 47.3225 | 47.4981 |
| Fibonacci | 46.7051 | 46.8215 | 46.8935 | 47.0099 | 47.1263 | 47.1983 | 47.3147 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.4576 | 44.9822 | 45.8295 | 46.3541 | 47.2014 | 47.7260 | 48.5733 |
| Camarilla | 46.2994 | 46.4252 | 46.5509 | 46.6767 | 46.8025 | 46.9282 | 47.0540 |
| Woodie | 44.6189 | 45.0629 | 45.9908 | 46.4348 | 47.3627 | 47.8067 | 48.7346 |
| Fibonacci | 44.9822 | 45.5063 | 45.8301 | 46.3541 | 46.8782 | 47.2020 | 47.7260 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.7669 | 43.6079 | 45.2817 | 46.1227 | 47.7965 | 48.6375 | 50.3113 |
| Camarilla | 46.2640 | 46.4946 | 46.7251 | 46.9556 | 47.1861 | 47.4167 | 47.6472 |
| Woodie | 43.1834 | 43.8161 | 45.6982 | 46.3309 | 48.2130 | 48.8457 | 50.7278 |
| Fibonacci | 43.6079 | 44.5685 | 45.1620 | 46.1227 | 47.0833 | 47.6768 | 48.6375 |
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): | 52.45 | |
| MACD (12,26,9): | -0.0083 | |
| Directional Movement: | 2.5440 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 46.8884 | |
| Parabolic SAR (0,02-0,02-0,2): | 46.7892 | |
| Elder Ray (13): | 0.0324 | |
| Super Trend (3,10): | 46.9885 | |
| Zig ZAG (10): | 46.9204 | |
| VORTEX (21): | 0.9231 | |
| Stochastique (14,3,5): | 82.47 | |
| TEMA (21): | 46.8764 | |
| Williams %R (14): | -14.80 | |
| Chande Momentum Oscillator (20): | 0.0363 | |
| Repulse (5,40,3): | 0.0255 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0069 | |
| Courbe Coppock: | 0.23 |
| MA7: | 46.6736 | |
| MA20: | 45.8092 | |
| MA50: | 44.6626 | |
| MA100: | 42.5785 | |
| MAexp7: | 46.9063 | |
| MAexp20: | 46.9029 | |
| MAexp50: | 46.8887 | |
| MAexp100: | 46.7613 | |
| Price / MA7: | +0.74% | |
| Price / MA20: | +2.64% | |
| Price / MA50: | +5.28% | |
| Price / MA100: | +10.43% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.55% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on EUR/TRY at the time of the analysis were as follows:
Weekly Technical Analysis: 15/05/2023 - EURUSD, EURTRY, USDJPYThis 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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