CHF/TRY - 1H - Technical analysis published on 09/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 40.1596 TRY
My targets
40.0223 TRY (-0.0559)
39.8707 TRY (-0.2075)
My analysis
CHF/TRY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 40.1596 TRY. The next support located at 40.0223 TRY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 39.8707 TRY. Below this support, sellers could then target 39.6774 TRY. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.3
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Additional analysis
Quotes
The CHF/TRY price is 40.0782 TRY. On the day, this instrument gained +0.00% and was between 40.0630 TRY and 40.1440 TRY. This implies that the price is at +0.04% from its lowest and at -0.16% from its highest.40.0630
40.1440
40.0782
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/TRY in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 39.6774 | 39.8707 | 40.0223 | 40.0782 | 40.1596 | 40.3445 | 40.4403 |
| Change (%) | -1.00% | -0.52% | -0.14% | - | +0.20% | +0.66% | +0.90% |
| Change | -0.4008 | -0.2075 | -0.0559 | - | +0.0814 | +0.2663 | +0.3621 |
| Level | Minor | Major | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.8111 | 39.9233 | 40.0010 | 40.1132 | 40.1909 | 40.3031 | 40.3808 |
| Camarilla | 40.0265 | 40.0439 | 40.0613 | 40.0787 | 40.0961 | 40.1135 | 40.1309 |
| Woodie | 39.7939 | 39.9147 | 39.9838 | 40.1046 | 40.1737 | 40.2945 | 40.3636 |
| Fibonacci | 39.9233 | 39.9958 | 40.0407 | 40.1132 | 40.1857 | 40.2306 | 40.3031 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.2307 | 39.5883 | 39.8684 | 40.2260 | 40.5061 | 40.8637 | 41.1438 |
| Camarilla | 39.9732 | 40.0317 | 40.0901 | 40.1486 | 40.2071 | 40.2655 | 40.3240 |
| Woodie | 39.1921 | 39.5689 | 39.8298 | 40.2066 | 40.4675 | 40.8443 | 41.1052 |
| Fibonacci | 39.5883 | 39.8319 | 39.9824 | 40.2260 | 40.4696 | 40.6201 | 40.8637 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.0282 | 36.3654 | 38.2284 | 39.5656 | 41.4286 | 42.7658 | 44.6288 |
| Camarilla | 39.2113 | 39.5046 | 39.7980 | 40.0913 | 40.3847 | 40.6780 | 40.9714 |
| Woodie | 35.2910 | 36.4969 | 38.4912 | 39.6971 | 41.6914 | 42.8973 | 44.8916 |
| Fibonacci | 36.3654 | 37.5879 | 38.3432 | 39.5656 | 40.7881 | 41.5434 | 42.7658 |
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): | 42.27 | |
| MACD (12,26,9): | -0.0273 | |
| Directional Movement: | -6.4334 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 40.1124 | |
| Parabolic SAR (0,02-0,02-0,2): | 40.0355 | |
| Elder Ray (13): | -0.0250 | |
| Super Trend (3,10): | 40.3027 | |
| Zig ZAG (10): | 40.1013 | |
| VORTEX (21): | 0.8528 | |
| Stochastique (14,3,5): | 25.22 | |
| TEMA (21): | 40.0933 | |
| Williams %R (14): | -78.90 | |
| Chande Momentum Oscillator (20): | -0.0702 | |
| Repulse (5,40,3): | -0.1948 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0072 | |
| Courbe Coppock: | 0.43 |
| MA7: | 40.1802 | |
| MA20: | 40.1505 | |
| MA50: | 39.1637 | |
| MA100: | 37.6478 | |
| MAexp7: | 40.1092 | |
| MAexp20: | 40.1464 | |
| MAexp50: | 40.1808 | |
| MAexp100: | 40.1936 | |
| Price / MA7: | -0.25% | |
| Price / MA20: | -0.18% | |
| Price / MA50: | +2.34% | |
| Price / MA100: | +6.46% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.29% |
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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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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