CHF/TRY - 1H - Technical analysis published on 11/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 32.9333 TRY
My targets
33.3506 TRY (+0.2113)
My analysis
The bullish trend is currently very strong on CHF/TRY. As long as the price remains above the support at 32.9333 TRY, you could try to benefit from the boom. The first bullish objective is located at 33.3506 TRY. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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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 33.1393 TRY. The price is lower by -0.02% since the last closing with the lowest point at 33.1300 TRY and the highest point at 33.2047 TRY. The deviation from the price is +0.03% for the low point and -0.20% for the high point.33.1300
33.2047
33.1393
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/TRY in 1H shows a strongly overall 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 market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 32.3710 | 32.6911 | 32.9333 | 33.1393 | 33.1678 |
| Change (%) | -2.32% | -1.35% | -0.62% | - | +0.09% |
| Change | -0.7683 | -0.4482 | -0.2060 | - | +0.0285 |
| Level | Minor | Minor | Intermediate | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.7620 | 32.8477 | 32.9965 | 33.0822 | 33.2310 | 33.3167 | 33.4655 |
| Camarilla | 33.0809 | 33.1024 | 33.1239 | 33.1454 | 33.1669 | 33.1884 | 33.2099 |
| Woodie | 32.7937 | 32.8635 | 33.0282 | 33.0980 | 33.2627 | 33.3325 | 33.4972 |
| Fibonacci | 32.8477 | 32.9373 | 32.9926 | 33.0822 | 33.1718 | 33.2271 | 33.3167 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.9457 | 32.1226 | 32.4140 | 32.5909 | 32.8823 | 33.0592 | 33.3506 |
| Camarilla | 32.5765 | 32.6195 | 32.6624 | 32.7053 | 32.7482 | 32.7912 | 32.8341 |
| Woodie | 32.0029 | 32.1512 | 32.4712 | 32.6195 | 32.9395 | 33.0878 | 33.4078 |
| Fibonacci | 32.1226 | 32.3015 | 32.4120 | 32.5909 | 32.7698 | 32.8803 | 33.0592 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.9981 | 28.8738 | 29.9901 | 30.8658 | 31.9821 | 32.8578 | 33.9741 |
| Camarilla | 30.5585 | 30.7411 | 30.9237 | 31.1063 | 31.2889 | 31.4715 | 31.6541 |
| Woodie | 28.1183 | 28.9340 | 30.1103 | 30.9260 | 32.1023 | 32.9180 | 34.0943 |
| Fibonacci | 28.8738 | 29.6348 | 30.1049 | 30.8658 | 31.6268 | 32.0969 | 32.8578 |
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): | 59.31 | |
| MACD (12,26,9): | 0.0532 | |
| Directional Movement: | 16.9951 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 33.1774 | |
| Parabolic SAR (0,02-0,02-0,2): | 33.1139 | |
| Elder Ray (13): | 0.0219 | |
| Super Trend (3,10): | 33.0286 | |
| Zig ZAG (10): | 33.1399 | |
| VORTEX (21): | 1.1376 | |
| Stochastique (14,3,5): | 80.05 | |
| TEMA (21): | 33.1873 | |
| Williams %R (14): | -29.91 | |
| Chande Momentum Oscillator (20): | 0.0728 | |
| Repulse (5,40,3): | -0.0961 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0232 | |
| Courbe Coppock: | 0.82 |
| MA7: | 32.8626 | |
| MA20: | 32.3017 | |
| MA50: | 31.3458 | |
| MA100: | 30.9521 | |
| MAexp7: | 33.1554 | |
| MAexp20: | 33.1070 | |
| MAexp50: | 33.0140 | |
| MAexp100: | 32.9048 | |
| Price / MA7: | +0.84% | |
| Price / MA20: | +2.59% | |
| Price / MA50: | +5.72% | |
| Price / MA100: | +7.07% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +0.71% |
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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