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 10/10/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

61%

11%

28%

My opinion

Bearish under 39.9872 TRY

My targets

39.5820 TRY (-0.2283)

39.2463 TRY (-0.5640)

My analysis

CHF/TRY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 39.9872 TRY. The next support located at 39.5820 TRY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 39.2463 TRY. Below this support, sellers could then target 38.6125 TRY. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

4.5

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 39.8103 TRY. The price registered a decrease of -0.01% on the session and was traded between 39.7816 TRY and 39.8484 TRY over the period. The price is currently at +0.07% from its lowest and -0.10% from its highest.

39.7816

39.8484

39.8103

Here is a more detailed summary of the historical variations registered by CHF/TRY:

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

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

Technical

Technical analysis of CHF/TRY in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near horizontal support

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	36.7115	38.6125	39.7970	39.8103	39.9872	40.1844	40.2885
Change (%)	-7.78%	-3.01%	-0.03%	-	+0.44%	+0.94%	+1.20%
Change	-3.0988	-1.1978	-0.0133	-	+0.1769	+0.3741	+0.4782
Level	Intermediate	Minor	Intermediate	-	Minor	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	39.4457	39.5958	39.7052	39.8553	39.9647	40.1148	40.2242
Camarilla	39.7431	39.7669	39.7907	39.8145	39.8383	39.8621	39.8859
Woodie	39.4253	39.5856	39.6848	39.8451	39.9443	40.1046	40.2038
Fibonacci	39.5958	39.6950	39.7562	39.8553	39.9545	40.0157	40.1148

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.6956	39.2463	39.5820	40.1327	40.4684	41.0191	41.3548
Camarilla	39.6739	39.7552	39.8365	39.9177	39.9990	40.0802	40.1615
Woodie	38.5881	39.1926	39.4745	40.0790	40.3609	40.9654	41.2473
Fibonacci	39.2463	39.5849	39.7941	40.1327	40.4713	40.6805	41.0191

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.8599	39.2687	39.8659	40.2747	40.8719	41.2807	41.8779
Camarilla	40.1866	40.2788	40.3710	40.4632	40.5554	40.6476	40.7399
Woodie	38.9542	39.3158	39.9602	40.3218	40.9662	41.3278	41.9722
Fibonacci	39.2687	39.6530	39.8904	40.2747	40.6590	40.8964	41.2807

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):	44.89
MACD (12,26,9):	-0.0274
Directional Movement:	-4.2505
AROON (14):	57.1428
DEMA (21):	39.7923
Parabolic SAR (0,02-0,02-0,2):	39.7798
Elder Ray (13):	0.0050
Super Trend (3,10):	39.9130
Zig ZAG (10):	39.8307
VORTEX (21):	0.8554
Stochastique (14,3,5):	81.28
TEMA (21):	39.8015
Williams %R (14):	-10.78
Chande Momentum Oscillator (20):	0.0540
Repulse (5,40,3):	0.0722
ROCnROLL:	-1
TRIX (15,9):	-0.0142
Courbe Coppock:	0.01

MA7:	40.0145
MA20:	40.2036
MA50:	39.8524
MA100:	38.2184
MAexp7:	39.8210
MAexp20:	39.8355
MAexp50:	39.8993
MAexp100:	39.9803
Price / MA7:	-0.51%
Price / MA20:	-0.98%
Price / MA50:	-0.11%
Price / MA100:	+4.17%
Price / MAexp7:	-0.03%
Price / MAexp20:	-0.06%
Price / MAexp50:	-0.22%
Price / MAexp100:	-0.43%

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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Londinia AI

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