CHF/TRY - 1H - Technical analysis published on 01/16/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 38.8447 TRY
My targets
38.9791 TRY (+0.0884)
39.0897 TRY (+0.1990)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/TRY as long as the price remains well above 38.8447 TRY. The buyers' bullish objective is set at 38.9791 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 39.0897 TRY. If there is any crossing, the next objective would be the resistance located at 39.2041 TRY. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.4
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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 38.8907 TRY. The price is lower by -0.01% since the last closing and was traded between 38.8617 TRY and 38.9267 TRY over the period. The price is currently at +0.07% from its lowest and -0.09% from its highest.38.8617
38.9267
38.8907
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 (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 strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 38.6397 | 38.7682 | 38.8447 | 38.8907 | 38.9193 | 38.9791 | 39.0897 |
| Change (%) | -0.65% | -0.31% | -0.12% | - | +0.07% | +0.23% | +0.51% |
| Change | -0.2510 | -0.1225 | -0.0460 | - | +0.0286 | +0.0884 | +0.1990 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | 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 | 38.4197 | 38.5929 | 38.7433 | 38.9165 | 39.0669 | 39.2401 | 39.3905 |
| Camarilla | 38.8047 | 38.8344 | 38.8640 | 38.8937 | 38.9234 | 38.9530 | 38.9827 |
| Woodie | 38.4083 | 38.5872 | 38.7319 | 38.9108 | 39.0555 | 39.2344 | 39.3791 |
| Fibonacci | 38.5929 | 38.7165 | 38.7929 | 38.9165 | 39.0401 | 39.1165 | 39.2401 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.7475 | 38.1497 | 38.3998 | 38.8020 | 39.0521 | 39.4543 | 39.7044 |
| Camarilla | 38.4706 | 38.5304 | 38.5902 | 38.6500 | 38.7098 | 38.7696 | 38.8294 |
| Woodie | 37.6716 | 38.1117 | 38.3239 | 38.7640 | 38.9762 | 39.4163 | 39.6285 |
| Fibonacci | 38.1497 | 38.3989 | 38.5528 | 38.8020 | 39.0512 | 39.2051 | 39.4543 |
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): | 54.01 | |
| MACD (12,26,9): | 0.0043 | |
| Directional Movement: | 10.0076 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 38.8896 | |
| Parabolic SAR (0,02-0,02-0,2): | 38.9391 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 38.8221 | |
| Zig ZAG (10): | 38.8962 | |
| VORTEX (21): | 0.9641 | |
| Stochastique (14,3,5): | 63.58 | |
| TEMA (21): | 38.8763 | |
| Williams %R (14): | -30.79 | |
| Chande Momentum Oscillator (20): | 0.0372 | |
| Repulse (5,40,3): | -0.0042 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0018 | |
| Courbe Coppock: | 0.01 |
| MA7: | 38.8122 | |
| MA20: | 38.9532 | |
| MA50: | 39.0773 | |
| MA100: | 39.5318 | |
| MAexp7: | 38.8827 | |
| MAexp20: | 38.8812 | |
| MAexp50: | 38.8540 | |
| MAexp100: | 38.8245 | |
| Price / MA7: | +0.20% | |
| Price / MA20: | -0.16% | |
| Price / MA50: | -0.48% | |
| Price / MA100: | -1.62% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.09% | |
| Price / MAexp100: | +0.17% |
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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