CHF/TRY - 1H - Technical analysis published on 10/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 39.7970 TRY
My targets
39.4982 TRY (-0.2438)
39.2762 TRY (-0.4658)
My analysis
The bearish trend is currently very strong for CHF/TRY. As long as the price remains below the resistance at 39.7970 TRY, you could try to take advantage of the bearish rally. The first bearish objective is located at 39.4982 TRY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 39.2762 TRY as an objective. Crossing it would then enable sellers to target 38.6125 TRY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5
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Additional analysis
Quotes
The CHF/TRY rating is 39.7420 TRY. The price has increased by +0.00% since the last closing and was between 39.7351 TRY and 39.7551 TRY. This implies that the price is at +0.02% from its lowest and at -0.03% from its highest.39.7351
39.7551
39.7420
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 (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
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/TRY indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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 recently detected a signal:
Price is back under the pivot point
Type : Bearish
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:
Support of channel is broken
Type : Bearish
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:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 36.7115 | 38.6125 | 39.7202 | 39.7420 | 39.7970 | 39.9885 | 40.1844 |
| Change (%) | -7.63% | -2.84% | -0.05% | - | +0.14% | +0.62% | +1.11% |
| Change | -3.0305 | -1.1295 | -0.0218 | - | +0.0550 | +0.2465 | +0.4424 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.1895 | 39.4208 | 39.5818 | 39.8131 | 39.9741 | 40.2054 | 40.3664 |
| Camarilla | 39.6348 | 39.6708 | 39.7067 | 39.7427 | 39.7787 | 39.8146 | 39.8506 |
| Woodie | 39.1543 | 39.4032 | 39.5466 | 39.7955 | 39.9389 | 40.1878 | 40.3312 |
| Fibonacci | 39.4208 | 39.5707 | 39.6633 | 39.8131 | 39.9630 | 40.0556 | 40.2054 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.2762 | 39.4982 | 39.7405 | 39.9625 | 40.2048 | 40.4268 | 40.6691 |
| Camarilla | 39.8552 | 39.8978 | 39.9403 | 39.9829 | 40.0255 | 40.0680 | 40.1106 |
| Woodie | 39.2865 | 39.5033 | 39.7508 | 39.9676 | 40.2151 | 40.4319 | 40.6794 |
| Fibonacci | 39.4982 | 39.6755 | 39.7851 | 39.9625 | 40.1398 | 40.2494 | 40.4268 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.91 | |
| MACD (12,26,9): | -0.0498 | |
| Directional Movement: | -16.7354 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 39.7020 | |
| Parabolic SAR (0,02-0,02-0,2): | 39.6747 | |
| Elder Ray (13): | -0.0024 | |
| Super Trend (3,10): | 39.8394 | |
| Zig ZAG (10): | 39.7400 | |
| VORTEX (21): | 0.8126 | |
| Stochastique (14,3,5): | 45.26 | |
| TEMA (21): | 39.6884 | |
| Williams %R (14): | -42.15 | |
| Chande Momentum Oscillator (20): | 0.0316 | |
| Repulse (5,40,3): | 0.1330 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0224 | |
| Courbe Coppock: | 0.56 |
| MA7: | 39.9092 | |
| MA20: | 40.1600 | |
| MA50: | 39.9015 | |
| MA100: | 38.3578 | |
| MAexp7: | 39.7343 | |
| MAexp20: | 39.7721 | |
| MAexp50: | 39.8448 | |
| MAexp100: | 39.9024 | |
| Price / MA7: | -0.42% | |
| Price / MA20: | -1.04% | |
| Price / MA50: | -0.40% | |
| Price / MA100: | +3.61% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.40% |
Quotes :
-
Real time data
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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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