CHF/TRY - 1H - Technical analysis published on 01/01/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 39.2456 TRY
My targets
38.9419 TRY (-0.1135)
38.6397 TRY (-0.4157)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CHF/TRY. As long as you are under the resistance located at 39.2456 TRY, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 38.9419 TRY would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 38.6397 TRY as an objective. Crossing it would then enable sellers to target 37.6086 TRY. If the resistance 39.2456 TRY were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.9
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 39.0554 TRY. The price registered an increase of +0.27% on the session and was traded between 38.9825 TRY and 39.0641 TRY over the period. The price is currently at +0.19% from its lowest and -0.02% from its highest.38.9825
39.0641
39.0554
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:
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. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 37.6086 | 38.6397 | 38.9419 | 39.0554 | 39.2456 | 39.4314 | 39.6545 |
| Change (%) | -3.70% | -1.06% | -0.29% | - | +0.49% | +0.96% | +1.53% |
| Change | -1.4468 | -0.4157 | -0.1135 | - | +0.1902 | +0.3760 | +0.5991 |
| Level | Minor | Major | Intermediate | - | Major | Major | 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 | 38.3426 | 38.5764 | 38.7633 | 38.9971 | 39.1840 | 39.4178 | 39.6047 |
| Camarilla | 38.8345 | 38.8731 | 38.9116 | 38.9502 | 38.9888 | 39.0273 | 39.0659 |
| Woodie | 38.3192 | 38.5647 | 38.7399 | 38.9854 | 39.1606 | 39.4061 | 39.5813 |
| Fibonacci | 38.5764 | 38.7371 | 38.8364 | 38.9971 | 39.1578 | 39.2571 | 39.4178 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.1195 | 38.4999 | 38.6990 | 39.0794 | 39.2785 | 39.6589 | 39.8580 |
| Camarilla | 38.7387 | 38.7919 | 38.8450 | 38.8981 | 38.9512 | 39.0043 | 39.0575 |
| Woodie | 38.0289 | 38.4546 | 38.6084 | 39.0341 | 39.1879 | 39.6136 | 39.7674 |
| Fibonacci | 38.4999 | 38.7213 | 38.8580 | 39.0794 | 39.3008 | 39.4375 | 39.6589 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.5394 | 38.1748 | 38.5625 | 39.1979 | 39.5856 | 40.2210 | 40.6087 |
| Camarilla | 38.6689 | 38.7626 | 38.8564 | 38.9502 | 39.0440 | 39.1378 | 39.2316 |
| Woodie | 37.4156 | 38.1129 | 38.4387 | 39.1360 | 39.4618 | 40.1591 | 40.4849 |
| Fibonacci | 38.1748 | 38.5656 | 38.8071 | 39.1979 | 39.5887 | 39.8302 | 40.2210 |
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): | 51.82 | |
| MACD (12,26,9): | -0.0326 | |
| Directional Movement: | 14.6977 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 38.9885 | |
| Parabolic SAR (0,02-0,02-0,2): | 39.2225 | |
| Elder Ray (13): | 0.0146 | |
| Super Trend (3,10): | 39.1189 | |
| Zig ZAG (10): | 39.0554 | |
| VORTEX (21): | 0.8825 | |
| Stochastique (14,3,5): | 40.29 | |
| TEMA (21): | 38.9653 | |
| Williams %R (14): | -41.72 | |
| Chande Momentum Oscillator (20): | -0.0207 | |
| Repulse (5,40,3): | 0.2163 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0095 | |
| Courbe Coppock: | 0.74 |
| MA7: | 39.0636 | |
| MA20: | 39.2277 | |
| MA50: | 39.2359 | |
| MA100: | 39.6063 | |
| MAexp7: | 38.9914 | |
| MAexp20: | 39.0271 | |
| MAexp50: | 39.0629 | |
| MAexp100: | 39.0895 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | -0.44% | |
| Price / MA50: | -0.46% | |
| Price / MA100: | -1.39% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | -0.09% |
Quotes :
-
Real time data
-
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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