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 12/20/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

89%

My opinion

Bullish above 39.1830 TRY

My targets

39.3788 TRY (+0.0812)

39.5556 TRY (+0.2580)

My analysis

The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on CHF/TRY as long as the price remains well above 39.1830 TRY. The buyers' bullish objective is set at 39.3788 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 39.5556 TRY. If there is any crossing, the next objective would be the resistance located at 39.6427 TRY.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.5

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

CHF/TRY rating 39.2976 TRY. On the day, this instrument gained +0.48% and was traded between 39.0930 TRY and 39.3630 TRY over the period. The price is currently at +0.52% from its lowest and -0.17% from its highest.

39.0930

39.3630

39.2976

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CHF/TRY in 1H shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : 1 hour

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	38.8417	39.0313	39.1830	39.2976	39.3788	39.5556	39.6427
Change (%)	-1.16%	-0.68%	-0.29%	-	+0.21%	+0.66%	+0.88%
Change	-0.4559	-0.2663	-0.1146	-	+0.0812	+0.2580	+0.3451
Level	Minor	Intermediate	Intermediate	-	Major	Minor	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	38.5425	38.7050	38.9072	39.0697	39.2719	39.4344	39.6366
Camarilla	39.0090	39.0424	39.0759	39.1093	39.1427	39.1762	39.2096
Woodie	38.5623	38.7149	38.9270	39.0796	39.2917	39.4443	39.6564
Fibonacci	38.7050	38.8444	38.9304	39.0697	39.2091	39.2951	39.4344

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	67.81
MACD (12,26,9):	0.0337
Directional Movement:	17.9467
AROON (14):	100.0000
DEMA (21):	39.1679
Parabolic SAR (0,02-0,02-0,2):	39.0474
Elder Ray (13):	0.0532
Super Trend (3,10):	38.9971
Zig ZAG (10):	39.2367
VORTEX (21):	1.0204
Stochastique (14,3,5):	85.47
TEMA (21):	39.1991
Williams %R (14):	-1.86
Chande Momentum Oscillator (20):	0.1609
Repulse (5,40,3):	0.2860
ROCnROLL:	1
TRIX (15,9):	0.0085
Courbe Coppock:	0.62

MA7:	39.1285
MA20:	39.2655
MA50:	39.3064
MA100:	39.5940
MAexp7:	39.1815
MAexp20:	39.1301
MAexp50:	39.1084
MAexp100:	39.1354
Price / MA7:	+0.43%
Price / MA20:	+0.08%
Price / MA50:	-0.02%
Price / MA100:	-0.75%
Price / MAexp7:	+0.30%
Price / MAexp20:	+0.43%
Price / MAexp50:	+0.48%
Price / MAexp100:	+0.41%

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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Londinia AI

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