Londinia Opportunities Analyses - 11/27/2024 (GMT) CHF/TRY - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
11%
6%
My opinion
Bullish above 39.0238 TRY
My targets
39.3012 TRY (+0.1700)
39.4637 TRY (+0.3325)
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 39.0238 TRY. The buyers' bullish objective is set at 39.3012 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 39.4637 TRY. If there is any crossing, the next objective would be the resistance located at 40.6339 TRY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.4
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Additional analysis
Quotes
The CHF/TRY rating is 39.1312 TRY. The price registered an increase of +0.06% on the session and was between 39.1010 TRY and 39.1745 TRY. This implies that the price is at +0.08% from its lowest and at -0.11% from its highest.39.1010
39.1745
39.1312
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
A technical analysis in 1H of this CHF/TRY chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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 | 38.7432 | 38.8937 | 39.0238 | 39.1312 | 39.1669 | 39.3012 | 39.4637 |
| Change (%) | -0.99% | -0.61% | -0.27% | - | +0.09% | +0.43% | +0.85% |
| Change | -0.3880 | -0.2375 | -0.1074 | - | +0.0357 | +0.1700 | +0.3325 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | Minor |
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 | 38.7077 | 38.8109 | 38.9599 | 39.0631 | 39.2121 | 39.3153 | 39.4643 |
| Camarilla | 39.0396 | 39.0627 | 39.0858 | 39.1089 | 39.1320 | 39.1551 | 39.1783 |
| Woodie | 38.7306 | 38.8224 | 38.9828 | 39.0746 | 39.2350 | 39.3268 | 39.4872 |
| Fibonacci | 38.8109 | 38.9072 | 38.9668 | 39.0631 | 39.1594 | 39.2190 | 39.3153 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.6399 | 38.1022 | 38.3766 | 38.8389 | 39.1133 | 39.5756 | 39.8500 |
| Camarilla | 38.4484 | 38.5159 | 38.5835 | 38.6510 | 38.7185 | 38.7861 | 38.8536 |
| Woodie | 37.5460 | 38.0552 | 38.2827 | 38.7919 | 39.0194 | 39.5286 | 39.7561 |
| Fibonacci | 38.1022 | 38.3836 | 38.5575 | 38.8389 | 39.1203 | 39.2942 | 39.5756 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.9944 | 38.6856 | 39.2044 | 39.8956 | 40.4144 | 41.1056 | 41.6244 |
| Camarilla | 39.3904 | 39.5013 | 39.6122 | 39.7231 | 39.8340 | 39.9449 | 40.0559 |
| Woodie | 37.9081 | 38.6425 | 39.1181 | 39.8525 | 40.3281 | 41.0625 | 41.5381 |
| Fibonacci | 38.6856 | 39.1479 | 39.4334 | 39.8956 | 40.3579 | 40.6434 | 41.1056 |
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): | 62.05 | |
| MACD (12,26,9): | 0.0309 | |
| Directional Movement: | 13.7625 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 39.1180 | |
| Parabolic SAR (0,02-0,02-0,2): | 39.0167 | |
| Elder Ray (13): | 0.0493 | |
| Super Trend (3,10): | 38.9791 | |
| Zig ZAG (10): | 39.1289 | |
| VORTEX (21): | 1.0707 | |
| Stochastique (14,3,5): | 76.50 | |
| TEMA (21): | 39.1176 | |
| Williams %R (14): | -22.03 | |
| Chande Momentum Oscillator (20): | 0.0981 | |
| Repulse (5,40,3): | -0.0413 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0104 | |
| Courbe Coppock: | 0.19 |
| MA7: | 38.9872 | |
| MA20: | 39.1294 | |
| MA50: | 39.6139 | |
| MA100: | 39.2592 | |
| MAexp7: | 39.1096 | |
| MAexp20: | 39.0769 | |
| MAexp50: | 39.0209 | |
| MAexp100: | 38.9836 | |
| Price / MA7: | +0.37% | |
| Price / MA20: | +0.00% | |
| Price / MA50: | -1.22% | |
| Price / MA100: | -0.33% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.38% |
Quotes :
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Real time data
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Forex