CHF/TRY - 1H - Technical analysis published on 12/16/2024 (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
78%
6%
17%
My opinion
Neutral between 39.1741 TRY and 39.3788 TRY
My targets
-
My analysis
The current short-term bullish thrust is in contrast to the bearish trend. CHF/TRY is apparently trying to reverse the trend. The return to a neutral and then bullish trend should not be long in coming if the current rebound continues. What is currently happening on CHF/TRY essentials for the price to rebound like this? In such a situation, it would be possible to stay away from CHF/TRY or not try to counterbalance this current rebound in the short term. If there is a purchase, the buyers could use the resistance located at 39.3788 TRY as an objective. Buyers would then use the next resistance located at 39.5693 TRY as an objective. Crossing it would then enable buyers to target 39.7672 TRY. Attention should be paid to the price reaction at the start of the resistance as trend traders may consider resuming sales if the basic trend has not been able to ease or if the short term has itself become excessive.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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Additional analysis
Quotes
CHF/TRY rating 39.2276 TRY. On the day, this instrument gained +0.21% with the lowest point at 39.0638 TRY and the highest point at 39.2515 TRY. The deviation from the price is +0.42% for the low point and -0.06% for the high point.39.0638
39.2515
39.2276
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
Technical
Technical analysis of this 1H chart of CHF/TRY indicates that the overall trend is bearish. 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 market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
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 horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 38.6397 | 39.0761 | 39.1741 | 39.2276 | 39.3788 | 39.5693 | 39.7672 |
| Change (%) | -1.50% | -0.39% | -0.14% | - | +0.39% | +0.87% | +1.38% |
| Change | -0.5879 | -0.1515 | -0.0535 | - | +0.1512 | +0.3417 | +0.5396 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | Minor |
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 | 38.8774 | 38.9547 | 39.0501 | 39.1274 | 39.2228 | 39.3001 | 39.3955 |
| Camarilla | 39.0981 | 39.1139 | 39.1298 | 39.1456 | 39.1614 | 39.1773 | 39.1931 |
| Woodie | 38.8866 | 38.9592 | 39.0593 | 39.1319 | 39.2320 | 39.3046 | 39.4047 |
| Fibonacci | 38.9547 | 39.0206 | 39.0614 | 39.1274 | 39.1933 | 39.2341 | 39.3001 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.1444 | 38.5881 | 38.8669 | 39.3106 | 39.5894 | 40.0331 | 40.3119 |
| Camarilla | 38.9469 | 39.0131 | 39.0794 | 39.1456 | 39.2118 | 39.2781 | 39.3443 |
| Woodie | 38.0619 | 38.5469 | 38.7844 | 39.2694 | 39.5069 | 39.9919 | 40.2294 |
| Fibonacci | 38.5881 | 38.8641 | 39.0346 | 39.3106 | 39.5866 | 39.7571 | 40.0331 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.20 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | 8.3322 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 39.1556 | |
| Parabolic SAR (0,02-0,02-0,2): | 39.0554 | |
| Elder Ray (13): | 0.0568 | |
| Super Trend (3,10): | 39.2314 | |
| Zig ZAG (10): | 39.2181 | |
| VORTEX (21): | 1.1005 | |
| Stochastique (14,3,5): | 88.35 | |
| TEMA (21): | 39.1952 | |
| Williams %R (14): | -15.21 | |
| Chande Momentum Oscillator (20): | 0.1075 | |
| Repulse (5,40,3): | 0.0964 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0064 | |
| Courbe Coppock: | 0.31 |
| MA7: | 39.3837 | |
| MA20: | 39.2355 | |
| MA50: | 39.3755 | |
| MA100: | 39.5510 | |
| MAexp7: | 39.1874 | |
| MAexp20: | 39.1655 | |
| MAexp50: | 39.2187 | |
| MAexp100: | 39.3012 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | -0.02% | |
| Price / MA50: | -0.38% | |
| Price / MA100: | -0.82% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | -0.19% |
Quotes :
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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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