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 11/30/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

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

Comment on the analysis

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

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

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.

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