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CHF/TRY
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 01/31/2025 (GMT)

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

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 39.6031 TRY
My targets
39.3441 TRY (-0.0738)
39.1348 TRY (-0.2831)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 39.6031 TRY remains possible. It is advisable to trade CHF/TRY with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 39.6031 TRY. The next bearish objective for sellers is set at 39.3441 TRY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 39.1348 TRY. In case of crossing, the next objective would be the support located at 39.0421 TRY. PS: if there is a bullish break in the resistance located at 39.6031 TRY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.4

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CHF/TRY price is 39.4179 TRY. On the day, this instrument lost -0.01% and was between 39.3791 TRY and 39.4391 TRY. This implies that the price is at +0.10% from its lowest and at -0.05% from its highest.

39.3791
39.4391
39.4179

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CHF/TRY chart shows a bearish trend. The signals given by moving averages are 64.29% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



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

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

Type : Bearish

Timeframe : 1 hour



The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Black hanging man / hammer

Type : Neutral

Timeframe : 1 hour


Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour


Grip bottom and hammer

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 39.0421 39.1348 39.3441 39.4179 39.4445 39.6031 39.8573
Change (%) -0.95% -0.72% -0.19% - +0.07% +0.47% +1.11%
Change -0.3758 -0.2831 -0.0738 - +0.0266 +0.1852 +0.4394
Level Minor Minor Intermediate - Major 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
Standard39.073139.184139.303339.414339.533539.644539.7637
Camarilla39.359339.380439.401539.422639.443739.464839.4859
Woodie39.077339.186239.307539.416439.537739.646639.7679
Fibonacci39.184139.272039.326339.414339.502239.556539.6445


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard38.181438.486038.925139.229739.668839.973440.4125
Camarilla39.159739.227939.296039.364239.432439.500639.5687
Woodie38.248738.519638.992439.263339.736140.007040.4798
Fibonacci38.486038.770138.945639.229739.513839.689339.9734


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard37.539438.174838.562539.197939.585640.221040.6087
Camarilla38.668938.762638.856438.950239.044039.137839.2316
Woodie37.415638.112938.438739.136039.461840.159140.4849
Fibonacci38.174838.565638.807139.197939.588739.830240.2210

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): 49.14
MACD (12,26,9): -0.0147
Directional Movement: -5.3536
AROON (14): -35.7142
DEMA (21): 39.3851
Parabolic SAR (0,02-0,02-0,2): 39.3062
Elder Ray (13): -0.0009
Super Trend (3,10): 39.5023
Zig ZAG (10): 39.4049
VORTEX (21): 0.9345
Stochastique (14,3,5): 56.72
TEMA (21): 39.3891
Williams %R (14): -41.49
Chande Momentum Oscillator (20): 0.0343
Repulse (5,40,3): 0.0307
ROCnROLL: -1
TRIX (15,9): -0.0082
Courbe Coppock: 0.11
MA7: 39.4441
MA20: 39.1238
MA50: 39.1525
MA100: 39.4426
MAexp7: 39.4020
MAexp20: 39.4081
MAexp50: 39.4389
MAexp100: 39.4404
Price / MA7: -0.07%
Price / MA20: +0.75%
Price / MA50: +0.68%
Price / MA100: -0.06%
Price / MAexp7: +0.04%
Price / MAexp20: +0.02%
Price / MAexp50: -0.05%
Price / MAexp100: -0.06%

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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