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 06/14/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 36.1841 TRY
My targets
36.5744 TRY (+0.2259)
36.6949 TRY (+0.3464)
My analysis
The bullish trend is currently very strong on CHF/TRY. As long as the price remains above the support at 36.1841 TRY, you could try to benefit from the boom. The first bullish objective is located at 36.5744 TRY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 36.6949 TRY as an objective. 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
8.8

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:
15 min. Daily Weekly

Additional analysis

Quotes

The CHF/TRY rating is 36.3485 TRY. The price registered an increase of +0.00% on the session with the lowest point at 36.3391 TRY and the highest point at 36.3596 TRY. The deviation from the price is +0.03% for the low point and -0.03% for the high point.

36.3391
36.3596
36.3485

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CHF/TRY:
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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

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. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

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:

Central Indicators

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:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

Type : Bearish

Timeframe : 1 hour



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 35.9595 36.0747 36.1841 36.3485 36.3816 36.5744 36.6949
Change (%) -1.07% -0.75% -0.45% - +0.09% +0.62% +0.95%
Change -0.3890 -0.2738 -0.1644 - +0.0331 +0.2259 +0.3464
Level Major Intermediate Minor - Major Minor Major



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
Standard35.718335.866636.107836.256136.497336.645636.8868
Camarilla36.241936.277636.313336.349036.384736.420436.4561
Woodie35.764835.889836.154336.279336.543836.668836.9333
Fibonacci35.866636.015436.107336.256136.404936.496836.6456


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard34.482235.057235.574136.149136.666037.241037.7579
Camarilla35.790835.890935.991036.091136.191236.291336.3914
Woodie34.453335.042735.545236.134636.637137.226537.7290
Fibonacci35.057235.474335.732036.149136.566236.823937.2410


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard33.797734.262034.976935.441236.156136.620437.3353
Camarilla35.367435.475535.583635.691735.799835.907936.0160
Woodie33.922934.324735.102135.503936.281336.683137.4605
Fibonacci34.262034.712534.990835.441235.891736.170036.6204

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): 71.40
MACD (12,26,9): 0.0567
Directional Movement: 24.7311
AROON (14): 71.4285
DEMA (21): 36.2504
Parabolic SAR (0,02-0,02-0,2): 36.1690
Elder Ray (13): 0.1256
Super Trend (3,10): 36.1569
Zig ZAG (10): 36.3546
VORTEX (21): 1.0487
Stochastique (14,3,5): 84.72
TEMA (21): 36.2982
Williams %R (14): -15.33
Chande Momentum Oscillator (20): 0.2458
Repulse (5,40,3): -0.0364
ROCnROLL: 1
TRIX (15,9): 0.0089
Courbe Coppock: 1.13
MA7: 36.1969
MA20: 35.7854
MA50: 35.6575
MA100: 35.6204
MAexp7: 36.2778
MAexp20: 36.1904
MAexp50: 36.1467
MAexp100: 36.1294
Price / MA7: +0.42%
Price / MA20: +1.57%
Price / MA50: +1.94%
Price / MA100: +2.04%
Price / MAexp7: +0.19%
Price / MAexp20: +0.44%
Price / MAexp50: +0.56%
Price / MAexp100: +0.61%

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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