CHF/TRY - 1H - Technical analysis published on 02/25/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
61%
22%
17%
My opinion
Bullish above 40.3257 TRY
My targets
40.7977 TRY (+0.1721)
41.0222 TRY (+0.3966)
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 40.3257 TRY. The buyers' bullish objective is set at 40.7977 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 41.0222 TRY. If there is any crossing, the next objective would be the resistance located at 41.3790 TRY. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.6
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Additional analysis
Quotes
The CHF/TRY rating is 40.6256 TRY. On the day, this instrument lost -0.01% and was between 40.6208 TRY and 40.6442 TRY. This implies that the price is at +0.01% from its lowest and at -0.05% from its highest.40.6208
40.6442
40.6256
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:
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
Technical
Technical analysis of CHF/TRY in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 39.6625 | 40.1171 | 40.3257 | 40.6256 | 40.6434 |
| Change (%) | -2.37% | -1.25% | -0.74% | - | +0.04% |
| Change | -0.9631 | -0.5085 | -0.2999 | - | +0.0178 |
| Level | Minor | Major | Intermediate | - | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 40.0149 | 40.2499 | 40.4403 | 40.6753 | 40.8657 | 41.1007 | 41.2911 |
| Camarilla | 40.5136 | 40.5526 | 40.5916 | 40.6306 | 40.6696 | 40.7086 | 40.7476 |
| Woodie | 39.9925 | 40.2388 | 40.4179 | 40.6642 | 40.8433 | 41.0896 | 41.2687 |
| Fibonacci | 40.2499 | 40.4124 | 40.5128 | 40.6753 | 40.8378 | 40.9382 | 41.1007 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.6351 | 39.8596 | 40.2164 | 40.4409 | 40.7977 | 41.0222 | 41.3790 |
| Camarilla | 40.4132 | 40.4665 | 40.5198 | 40.5731 | 40.6264 | 40.6797 | 40.7330 |
| Woodie | 39.7012 | 39.8927 | 40.2825 | 40.4740 | 40.8638 | 41.0553 | 41.4451 |
| Fibonacci | 39.8596 | 40.0817 | 40.2189 | 40.4409 | 40.6630 | 40.8002 | 41.0222 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.1713 | 37.8615 | 38.4746 | 39.1648 | 39.7779 | 40.4681 | 41.0812 |
| Camarilla | 38.7292 | 38.8487 | 38.9681 | 39.0876 | 39.2071 | 39.3265 | 39.4460 |
| Woodie | 37.1327 | 37.8422 | 38.4360 | 39.1455 | 39.7393 | 40.4488 | 41.0426 |
| Fibonacci | 37.8615 | 38.3594 | 38.6670 | 39.1648 | 39.6627 | 39.9703 | 40.4681 |
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): | 55.37 | |
| MACD (12,26,9): | 0.0176 | |
| Directional Movement: | 30.4952 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 40.6318 | |
| Parabolic SAR (0,02-0,02-0,2): | 40.5663 | |
| Elder Ray (13): | 0.0102 | |
| Super Trend (3,10): | 40.5094 | |
| Zig ZAG (10): | 40.6342 | |
| VORTEX (21): | 0.9628 | |
| Stochastique (14,3,5): | 35.83 | |
| TEMA (21): | 40.6243 | |
| Williams %R (14): | -65.89 | |
| Chande Momentum Oscillator (20): | 0.1111 | |
| Repulse (5,40,3): | -0.1863 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0048 | |
| Courbe Coppock: | 0.27 |
| MA7: | 40.4149 | |
| MA20: | 39.8511 | |
| MA50: | 39.4010 | |
| MA100: | 39.3970 | |
| MAexp7: | 40.6243 | |
| MAexp20: | 40.6078 | |
| MAexp50: | 40.5500 | |
| MAexp100: | 40.4378 | |
| Price / MA7: | +0.52% | |
| Price / MA20: | +1.94% | |
| Price / MA50: | +3.11% | |
| Price / MA100: | +3.12% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.46% |
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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