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 12/09/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

39%

28%

33%

My opinion

Bullish above 39.4478 TRY

My targets

39.7672 TRY (+0.1650)

39.8333 TRY (+0.2311)

My analysis

The basic bullish trend is very strong on CHF/TRY but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 39.4478 TRY. Crossing the first resistance at 39.7672 TRY would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 39.8333 TRY as an objective. Crossing it would then enable buyers to target 40.6339 TRY. Caution, a return to below 39.4478 TRY would be a sign of a consolidation phase in 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

5.4

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 rating is 39.6022 TRY. The price registered an increase of +0.00% on the session and was traded between 39.5891 TRY and 39.6204 TRY over the period. The price is currently at +0.03% from its lowest and -0.05% from its highest.

39.5891

39.6204

39.6022

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CHF/TRY in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. 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.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	39.3584	39.4478	39.5967	39.6022	39.7672	39.8333	40.6339
Change (%)	-0.62%	-0.39%	-0.01%	-	+0.42%	+0.58%	+2.61%
Change	-0.2438	-0.1544	-0.0055	-	+0.1650	+0.2311	+1.0317
Level	Intermediate	Minor	Minor	-	Minor	Major	Major

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	39.4344	39.5059	39.5548	39.6263	39.6752	39.7467	39.7956
Camarilla	39.5707	39.5817	39.5928	39.6038	39.6148	39.6259	39.6369
Woodie	39.4232	39.5003	39.5436	39.6207	39.6640	39.7411	39.7844
Fibonacci	39.5059	39.5519	39.5803	39.6263	39.6723	39.7007	39.7467

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.3467	38.7042	39.1182	39.4757	39.8897	40.2472	40.6612
Camarilla	39.3199	39.3907	39.4614	39.5321	39.6028	39.6735	39.7443
Woodie	38.3749	38.7183	39.1464	39.4898	39.9179	40.2613	40.6894
Fibonacci	38.7042	38.9990	39.1810	39.4757	39.7705	39.9525	40.2472

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.2531	37.8763	38.6234	39.2466	39.9937	40.6169	41.3640
Camarilla	38.9936	39.1192	39.2448	39.3704	39.4960	39.6216	39.7472
Woodie	37.3150	37.9073	38.6853	39.2776	40.0556	40.6479	41.4259
Fibonacci	37.8763	38.3998	38.7232	39.2466	39.7701	40.0935	40.6169

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):	54.70
MACD (12,26,9):	0.0209
Directional Movement:	11.7903
AROON (14):	-57.1429
DEMA (21):	39.6294
Parabolic SAR (0,02-0,02-0,2):	39.7021
Elder Ray (13):	0.0061
Super Trend (3,10):	39.7469
Zig ZAG (10):	39.6040
VORTEX (21):	0.9785
Stochastique (14,3,5):	25.19
TEMA (21):	39.5989
Williams %R (14):	-74.79
Chande Momentum Oscillator (20):	-0.1597
Repulse (5,40,3):	-0.1661
ROCnROLL:	1
TRIX (15,9):	0.0127
Courbe Coppock:	0.26

MA7:	39.4366
MA20:	39.1559
MA50:	39.4462
MA100:	39.4743
MAexp7:	39.5968
MAexp20:	39.5917
MAexp50:	39.5137
MAexp100:	39.4141
Price / MA7:	+0.42%
Price / MA20:	+1.14%
Price / MA50:	+0.40%
Price / MA100:	+0.32%
Price / MAexp7:	+0.01%
Price / MAexp20:	+0.03%
Price / MAexp50:	+0.22%
Price / MAexp100:	+0.48%

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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