CHF/TRY - 1H - Technical analysis published on 06/17/2024 (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
56%
11%
33%
My opinion
Bullish above 36.6949 TRY
My targets
37.1359 TRY (+0.3190)
37.4414 TRY (+0.6245)
My analysis
The bullish trend is currently very strong on CHF/TRY. As long as the price remains above the support at 36.6949 TRY, you could try to benefit from the boom. The first bullish objective is located at 37.1359 TRY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 37.4414 TRY as an objective. Crossing it would then enable buyers to target 38.0305 TRY. 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, 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
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/TRY rating 36.8169 TRY. The price registered a decrease of -0.04% on the session and was traded between 36.7037 TRY and 36.8600 TRY over the period. The price is currently at +0.31% from its lowest and -0.12% from its highest.36.7037
36.8600
36.8169
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
A study of price movements over other periods shows the following variations:
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
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
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
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 36.0728 | 36.3859 | 36.6949 | 36.8169 |
| Change (%) | -2.02% | -1.17% | -0.33% | - |
| Change | -0.7441 | -0.4310 | -0.1220 | - |
| Level | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 35.9762 | 36.1558 | 36.4931 | 36.6727 | 37.0100 | 37.1896 | 37.5269 |
| Camarilla | 36.6883 | 36.7356 | 36.7830 | 36.8304 | 36.8778 | 36.9252 | 36.9726 |
| Woodie | 36.0551 | 36.1952 | 36.5720 | 36.7121 | 37.0889 | 37.2290 | 37.6058 |
| Fibonacci | 36.1558 | 36.3533 | 36.4752 | 36.6727 | 36.8702 | 36.9921 | 37.1896 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.3467 | 35.6522 | 36.2413 | 36.5468 | 37.1359 | 37.4414 | 38.0305 |
| Camarilla | 36.5844 | 36.6664 | 36.7484 | 36.8304 | 36.9124 | 36.9944 | 37.0764 |
| Woodie | 35.4885 | 35.7231 | 36.3831 | 36.6177 | 37.2777 | 37.5123 | 38.1723 |
| Fibonacci | 35.6522 | 35.9939 | 36.2051 | 36.5468 | 36.8885 | 37.0997 | 37.4414 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.7977 | 34.2620 | 34.9769 | 35.4412 | 36.1561 | 36.6204 | 37.3353 |
| Camarilla | 35.3674 | 35.4755 | 35.5836 | 35.6917 | 35.7998 | 35.9079 | 36.0160 |
| Woodie | 33.9229 | 34.3247 | 35.1021 | 35.5039 | 36.2813 | 36.6831 | 37.4605 |
| Fibonacci | 34.2620 | 34.7125 | 34.9908 | 35.4412 | 35.8917 | 36.1700 | 36.6204 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 66.10 | |
| MACD (12,26,9): | 0.0679 | |
| Directional Movement: | 13.1709 | |
| AROON (14): | 0 | |
| DEMA (21): | 36.8612 | |
| Parabolic SAR (0,02-0,02-0,2): | 36.7077 | |
| Elder Ray (13): | 0.0287 | |
| Super Trend (3,10): | 36.6467 | |
| Zig ZAG (10): | 36.8266 | |
| VORTEX (21): | 1.1152 | |
| Stochastique (14,3,5): | 71.93 | |
| TEMA (21): | 36.8284 | |
| Williams %R (14): | -23.55 | |
| Chande Momentum Oscillator (20): | -0.0044 | |
| Repulse (5,40,3): | 0.2021 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0357 | |
| Courbe Coppock: | 0.02 |
| MA7: | 36.3422 | |
| MA20: | 35.8813 | |
| MA50: | 35.6930 | |
| MA100: | 35.6410 | |
| MAexp7: | 36.7990 | |
| MAexp20: | 36.7559 | |
| MAexp50: | 36.5866 | |
| MAexp100: | 36.4242 | |
| Price / MA7: | +1.31% | |
| Price / MA20: | +2.61% | |
| Price / MA50: | +3.15% | |
| Price / MA100: | +3.30% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.63% | |
| Price / MAexp100: | +1.08% |
Quotes :
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Real time data
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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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