CHF/TRY - 1H - Technical analysis published on 11/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Neutral between 38.6125 TRY and 38.8772 TRY
My targets
-
My analysis
The strong short-term increase on CHF/TRY is in contrast to the bearish trend. Buyers are trying to regain control of the asset and a reversal of the trend could be possible. It would be interesting to understand what caused such a rebound. Has an economic announcement impacting the basics been published? As long as the price remains above 38.6125 TRY, you could take advantage of the short-term boom. The first bullish objective would be 38.8772 TRY. Then the price could move towards 39.0601 TRY. Then 39.4637 TRY by extension. Attention should be paid to the reaction of the price on these resistances to see if the sellers show up. Be careful, a return below 38.6125 TRY could be a sign of a reversal of the bearish trend.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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.
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Additional analysis
Quotes
The CHF/TRY price is 38.7781 TRY. On the day, this instrument gained +0.31% and was traded between 38.6161 TRY and 38.7798 TRY over the period. The price is currently at +0.42% from its lowest and +0.00% from its highest.38.6161
38.7798
38.7781
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/TRY:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/TRY chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that the overall trend could quickly run out of steam. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 37.6086 | 38.4996 | 38.6125 | 38.7781 | 38.8772 | 39.0601 | 39.4637 |
| Change (%) | -3.02% | -0.72% | -0.43% | - | +0.26% | +0.73% | +1.77% |
| Change | -1.1695 | -0.2785 | -0.1656 | - | +0.0991 | +0.2820 | +0.6856 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | 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 | 37.7084 | 38.1040 | 38.3808 | 38.7764 | 39.0532 | 39.4488 | 39.7256 |
| Camarilla | 38.4727 | 38.5343 | 38.5960 | 38.6576 | 38.7192 | 38.7809 | 38.8425 |
| Woodie | 37.6490 | 38.0743 | 38.3214 | 38.7467 | 38.9938 | 39.4191 | 39.6662 |
| Fibonacci | 38.1040 | 38.3609 | 38.5195 | 38.7764 | 39.0333 | 39.1919 | 39.4488 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.9652 | 38.4712 | 38.8580 | 39.3640 | 39.7508 | 40.2568 | 40.6436 |
| Camarilla | 38.9994 | 39.0812 | 39.1631 | 39.2449 | 39.3267 | 39.4086 | 39.4904 |
| Woodie | 37.9057 | 38.4414 | 38.7985 | 39.3342 | 39.6913 | 40.2270 | 40.5841 |
| Fibonacci | 38.4712 | 38.8122 | 39.0229 | 39.3640 | 39.7050 | 39.9157 | 40.2568 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.9944 | 38.6856 | 39.2044 | 39.8956 | 40.4144 | 41.1056 | 41.6244 |
| Camarilla | 39.3904 | 39.5013 | 39.6122 | 39.7231 | 39.8340 | 39.9449 | 40.0559 |
| Woodie | 37.9081 | 38.6425 | 39.1181 | 39.8525 | 40.3281 | 41.0625 | 41.5381 |
| Fibonacci | 38.6856 | 39.1479 | 39.4334 | 39.8956 | 40.3579 | 40.6434 | 41.1056 |
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): | 50.80 | |
| MACD (12,26,9): | -0.0118 | |
| Directional Movement: | 18.6728 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 38.6580 | |
| Parabolic SAR (0,02-0,02-0,2): | 38.5999 | |
| Elder Ray (13): | 0.0234 | |
| Super Trend (3,10): | 38.5052 | |
| Zig ZAG (10): | 38.7023 | |
| VORTEX (21): | 1.0314 | |
| Stochastique (14,3,5): | 29.43 | |
| TEMA (21): | 38.6881 | |
| Williams %R (14): | -69.94 | |
| Chande Momentum Oscillator (20): | 0.0644 | |
| Repulse (5,40,3): | -0.0052 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.18 |
| MA7: | 38.9601 | |
| MA20: | 39.3545 | |
| MA50: | 39.7899 | |
| MA100: | 39.0457 | |
| MAexp7: | 38.6896 | |
| MAexp20: | 38.6828 | |
| MAexp50: | 38.7498 | |
| MAexp100: | 38.8755 | |
| Price / MA7: | -0.47% | |
| Price / MA20: | -1.46% | |
| Price / MA50: | -2.54% | |
| Price / MA100: | -0.69% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | -0.25% |
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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