CHF/TRY

- TRY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CHFTRY
ISIN:

CHF/TRY - 1H - Technical analysis published on 04/25/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

39%

22%

39%

My opinion

Bearish under 35.6500 TRY

My targets

35.5259 TRY (-0.0835)

35.4212 TRY (-0.1882)

My analysis

The bearish basic trend is very strong on CHF/TRY but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 35.6500 TRY. Crossing the first support at 35.5259 TRY would be a sign of a further potential price plummet. Sellers would then use the next support located at 35.4212 TRY as an objective. Crossing it would then enable sellers to target 35.3330 TRY. Caution, a return to above the resistance located at 35.6500 TRY would be a sign of a possible consolidation phase of 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 are neutral, but do not change the general bearish opinion of this analysis.

Force

4.8

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 CHF/TRY price is 35.6094 TRY. The price is lower by -0.03% since the last closing and was between 35.5588 TRY and 35.6873 TRY. This implies that the price is at +0.14% from its lowest and at -0.22% from its highest.

35.5588

35.6873

35.6094

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a 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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on CHF/TRY were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of CHF/TRY in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Black hanging man / hammer

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	35.3330	35.4212	35.5259	35.6094	35.6500	35.8341	35.9329
Change (%)	-0.78%	-0.53%	-0.23%	-	+0.11%	+0.63%	+0.91%
Change	-0.2764	-0.1882	-0.0835	-	+0.0406	+0.2247	+0.3235
Level	Major	Minor	Intermediate	-	Intermediate	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.3020	35.4137	35.5164	35.6281	35.7308	35.8425	35.9452
Camarilla	35.5601	35.5798	35.5995	35.6191	35.6388	35.6584	35.6781
Woodie	35.2975	35.4115	35.5119	35.6259	35.7263	35.8403	35.9407
Fibonacci	35.4137	35.4956	35.5462	35.6281	35.7100	35.7606	35.8425

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.9888	34.6636	35.1520	35.8268	36.3152	36.9900	37.4784
Camarilla	35.3204	35.4271	35.5337	35.6403	35.7469	35.8536	35.9602
Woodie	33.8955	34.6170	35.0587	35.7802	36.2219	36.9434	37.3851
Fibonacci	34.6636	35.1080	35.3825	35.8268	36.2712	36.5457	36.9900

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.9235	34.0921	34.9631	36.1317	37.0027	38.1713	39.0423
Camarilla	35.2732	35.4602	35.6471	35.8341	36.0211	36.2080	36.3950
Woodie	32.7747	34.0177	34.8143	36.0573	36.8539	38.0969	38.8935
Fibonacci	34.0921	34.8712	35.3526	36.1317	36.9108	37.3922	38.1713

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):	48.14
MACD (12,26,9):	-0.0005
Directional Movement:	-4.7610
AROON (14):	85.7142
DEMA (21):	35.6262
Parabolic SAR (0,02-0,02-0,2):	35.6873
Elder Ray (13):	-0.0344
Super Trend (3,10):	35.7105
Zig ZAG (10):	35.6290
VORTEX (21):	1.0291
Stochastique (14,3,5):	68.91
TEMA (21):	35.6416
Williams %R (14):	-50.69
Chande Momentum Oscillator (20):	0.0198
Repulse (5,40,3):	0.0411
ROCnROLL:	2
TRIX (15,9):	-0.0035
Courbe Coppock:	0.24

MA7:	35.6647
MA20:	35.5810
MA50:	35.7266
MA100:	35.1690
MAexp7:	35.6371
MAexp20:	35.6311
MAexp50:	35.6527
MAexp100:	35.6721
Price / MA7:	-0.16%
Price / MA20:	+0.08%
Price / MA50:	-0.33%
Price / MA100:	+1.25%
Price / MAexp7:	-0.08%
Price / MAexp20:	-0.06%
Price / MAexp50:	-0.12%
Price / MAexp100:	-0.18%

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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