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 04/09/2024 (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

89%

My opinion

Bullish above 35.5499 TRY

My targets

35.8547 TRY (+0.2376)

36.0895 TRY (+0.4724)

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 35.5499 TRY. The buyers' bullish objective is set at 35.8547 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 36.0895 TRY. If there is any crossing, the next objective would be the resistance located at 36.7225 TRY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.8

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 35.6171 TRY. On the day, this instrument gained +0.24% with the lowest point at 35.5073 TRY and the highest point at 35.6582 TRY. The deviation from the price is +0.31% for the low point and -0.12% for the high point.

35.5073

35.6582

35.6171

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

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of CHF/TRY indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish doji star

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	35.2557	35.3368	35.5499	35.6171	35.6404	35.8547	36.0895
Change (%)	-1.01%	-0.79%	-0.19%	-	+0.07%	+0.67%	+1.33%
Change	-0.3614	-0.2803	-0.0672	-	+0.0233	+0.2376	+0.4724
Level	Minor	Intermediate	Intermediate	-	Intermediate	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
Standard	35.0260	35.1784	35.3550	35.5074	35.6840	35.8364	36.0130
Camarilla	35.4412	35.4714	35.5015	35.5317	35.5619	35.5920	35.6222
Woodie	35.0382	35.1845	35.3672	35.5135	35.6962	35.8425	36.0252
Fibonacci	35.1784	35.3040	35.3817	35.5074	35.6330	35.7107	35.8364

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.1378	34.6292	35.0933	35.5847	36.0488	36.5402	37.0043
Camarilla	35.2945	35.3821	35.4697	35.5573	35.6449	35.7325	35.8201
Woodie	34.1241	34.6224	35.0796	35.5779	36.0351	36.5334	36.9906
Fibonacci	34.6292	34.9942	35.2197	35.5847	35.9497	36.1752	36.5402

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.9235	34.0921	34.9631	36.1317	37.0027	38.1713	39.0423
Camarilla	35.2732	35.4602	35.6471	35.8341	36.0211	36.2080	36.3950
Woodie	32.7747	34.0177	34.8143	36.0573	36.8539	38.0969	38.8935
Fibonacci	34.0921	34.8712	35.3526	36.1317	36.9108	37.3922	38.1713

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	67.41
MACD (12,26,9):	0.0426
Directional Movement:	20.4283
AROON (14):	71.4286
DEMA (21):	35.5551
Parabolic SAR (0,02-0,02-0,2):	35.3654
Elder Ray (13):	0.1047
Super Trend (3,10):	35.4439
Zig ZAG (10):	35.6504
VORTEX (21):	1.1095
Stochastique (14,3,5):	91.29
TEMA (21):	35.5863
Williams %R (14):	-3.94
Chande Momentum Oscillator (20):	0.2376
Repulse (5,40,3):	0.2666
ROCnROLL:	1
TRIX (15,9):	0.0093
Courbe Coppock:	0.82

MA7:	35.5029
MA20:	35.8823
MA50:	35.5970
MA100:	34.8411
MAexp7:	35.5646
MAexp20:	35.5049
MAexp50:	35.4597
MAexp100:	35.4507
Price / MA7:	+0.32%
Price / MA20:	-0.74%
Price / MA50:	+0.06%
Price / MA100:	+2.23%
Price / MAexp7:	+0.15%
Price / MAexp20:	+0.32%
Price / MAexp50:	+0.44%
Price / MAexp100:	+0.47%

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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Londinia AI

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