Indicators
Indicators
Value
Direction
MACD(12,26,9)
-0.089
Neutral
RSI(14)
62.653
Neutral
STOCH(KDJ)(9,3,3)
59.616
Sell
ATR(14)
0.377
High Vlolatility
CCI(14)
40.698
Neutral
Williams %R
51.097
Neutral
TRIX(12,20)
0.107
Sell
StochRSI(14)
0.000
Sell
Search
EUR/TRY
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56.102
-0.234-0.41%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D
Today
-0.41%
5 Days
+0.01%
1 Month
+2.03%
6 Months
+10.06%
Year to Date
+11.53%
1 Year
+15.68%
Key Data Points
Opening Price
56.243Previous Closing Price
56.336EUR/TRY Trading Strategy
Intraday
Short Term
Trading Strategy
The upside prevails as long as 56.2405 is support, with 56.6496 and 56.7568 as targets
Alternative scenario
below 56.2405, expect 56.0605 and 55.9533.
Comment
The upside prevails as long as 56.2405 is support, with 56.6496 and 56.7568 as targets
Fri, Sep 11
Source: Trading Central(Reference Only)
TRY: CBT continues cutting cycle while interest in FX continues unabated – ING
The central bank of Turkey will cut rates again by 250bp to 42.50% today, in line with market expectations.
FxstreetMar 6, 2025
TRY: Lower-than-expected inflation after the start of the cutting cycle – ING
December inflation in Turkey surprised to the downside with a drop from 47.1% to 44.4% YoY, below market expectations, ING’s FX analyst Frantisek Taborsky notes.
FxstreetJan 3, 2025
TRY: Unexpectedly dovish – Commerzbank
The Turkish central bank (CBT) held rates unchanged yesterday, as had been unanimously expected, but turned somewhat dovish in its language, contrary to our expectation.
FxstreetNov 22, 2024
TRY: No rate change today – Commerzbank
Turkey’s central bank (CBT) is scheduled to meet today for a rate decision: it is unanimously expected that the central bank will leave its key rate unchanged at 50%, Commerzbank’s FX analyst Tatha Ghose notes.
FxstreetNov 21, 2024
TRY: Last step before first rate cut – ING
The Central Bank of Turkey (CBT) is expected to leave rates unchanged at 50% today.
FxstreetNov 21, 2024
TRY: Capital flows quieten down as current-account improves – Commerzbank
The Turkish lira exchange rate has mildly depreciated against the US dollar in recent days, but not noticeably so.
FxstreetNov 13, 2024
Indicators
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
Neutral
Moving Average
Indicators
Value
Direction
MA5
56.243
Sell
MA10
56.127
Sell
MA20
55.970
Buy
MA50
54.875
Buy
MA100
53.986
Buy
MA200
52.541
Buy
More Details of EUR/TRY
The EUR/TRY currency pair represents the exchange rate between the Euro (EUR) and the Turkish Lira (TRY). This pair is significant due to the contrasting economic conditions and stability between the Eurozone and Turkey. The Euro is one of the world's major currencies, reflecting the economic strength of its member nations. In contrast, the Turkish Lira has experienced significant volatility due to political, economic, and inflationary pressures in Turkey. Understanding the dynamics of this pair is essential for traders looking to capitalize on fluctuations driven by economic indicators, geopolitical events, and monetary policy changes.
How does Turkey’s economic performance impact EUR/TRY?
Strong economic performance in Turkey, reflected in GDP growth and improved trade balances, can strengthen the Lira against the Euro. Conversely, economic downturns can lead to depreciation.
Is EUR/TRY a volatile currency pair?
Yes, EUR/TRY is often considered volatile due to Turkey's economic conditions, high inflation, and political uncertainties, leading to significant price swings that traders can capitalize on.
How do inflation rates in Turkey affect EUR/TRY?
High inflation in Turkey often leads to depreciation of the Lira, making the Euro more expensive in terms of TRY. Traders closely monitor inflation data to anticipate potential currency movements.
