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 12/11/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

33%

28%

39%

My opinion

Bearish under 39.5968 TRY

My targets

39.3559 TRY (-0.1329)

39.2380 TRY (-0.2508)

My analysis

In the short term, we can see an acceleration in the bearish trend on CHF/TRY, which is a positive signal for sellers. As long as the price remains above 39.5968 TRY, a sale could be considered. The first bearish objective is located at 39.3559 TRY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 39.2380 TRY as an objective. Crossing it would then enable sellers to target 39.1351 TRY. If the price were to return above 39.5968 TRY, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

3.8

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 39.4888 TRY. The price is lower by -0.01% since the last closing and was between 39.4699 TRY and 39.5070 TRY. This implies that the price is at +0.05% from its lowest and at -0.05% from its highest.

39.4699

39.5070

39.4888

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CHF/TRY in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced 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.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	39.1351	39.2380	39.3559	39.4888	39.5270	39.5968	39.7672
Change (%)	-0.90%	-0.64%	-0.34%	-	+0.10%	+0.27%	+0.71%
Change	-0.3537	-0.2508	-0.1329	-	+0.0382	+0.1080	+0.2784
Level	Intermediate	Minor	Intermediate	-	Minor	Minor	Intermediate

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	39.0609	39.2397	39.3658	39.5446	39.6707	39.8495	39.9756
Camarilla	39.4080	39.4359	39.4639	39.4918	39.5198	39.5477	39.5757
Woodie	39.0345	39.2265	39.3394	39.5314	39.6443	39.8363	39.9492
Fibonacci	39.2397	39.3562	39.4282	39.5446	39.6611	39.7331	39.8495

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):	42.65
MACD (12,26,9):	-0.0358
Directional Movement:	-12.1770
AROON (14):	-50.0000
DEMA (21):	39.4733
Parabolic SAR (0,02-0,02-0,2):	39.5070
Elder Ray (13):	-0.0102
Super Trend (3,10):	39.6236
Zig ZAG (10):	39.4908
VORTEX (21):	0.7979
Stochastique (14,3,5):	34.50
TEMA (21):	39.4514
Williams %R (14):	-65.34
Chande Momentum Oscillator (20):	-0.0466
Repulse (5,40,3):	-0.0369
ROCnROLL:	2
TRIX (15,9):	-0.0138
Courbe Coppock:	0.57

MA7:	39.4676
MA20:	39.1876
MA50:	39.4291
MA100:	39.4973
MAexp7:	39.4876
MAexp20:	39.5214
MAexp50:	39.5528
MAexp100:	39.5165
Price / MA7:	+0.05%
Price / MA20:	+0.77%
Price / MA50:	+0.15%
Price / MA100:	-0.02%
Price / MAexp7:	+0.00%
Price / MAexp20:	-0.08%
Price / MAexp50:	-0.16%
Price / MAexp100:	-0.07%

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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