CHF/TRY - 1H - Technical analysis published on 05/01/2020 (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
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 7.2441 TRY
My targets
7.2991 TRY (+0.0474)
7.3635 TRY (+0.1118)
My analysis
CHF/TRY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 7.2441 TRY. The next resistance located at 7.2991 TRY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.3635 TRY. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/TRY price is 7.2517 TRY. On the day, this instrument gained +0.26% and was traded between 7.2257 TRY and 7.2552 TRY over the period. The price is currently at +0.36% from its lowest and -0.05% from its highest.7.2257
7.2552
7.2517
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.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/TRY in 1H shows a strongly overall bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 7.1928 | 7.2270 | 7.2441 | 7.2517 |
| Change (%) | -0.81% | -0.34% | -0.10% | - |
| Change | -0.0589 | -0.0247 | -0.0076 | - |
| Level | Major | 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 | 7.0188 | 7.0689 | 7.1508 | 7.2009 | 7.2828 | 7.3329 | 7.4148 |
| Camarilla | 7.1965 | 7.2086 | 7.2207 | 7.2328 | 7.2449 | 7.2570 | 7.2691 |
| Woodie | 7.0348 | 7.0769 | 7.1668 | 7.2089 | 7.2988 | 7.3409 | 7.4308 |
| Fibonacci | 7.0689 | 7.1193 | 7.1504 | 7.2009 | 7.2513 | 7.2824 | 7.3329 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9669 | 7.0347 | 7.0991 | 7.1669 | 7.2313 | 7.2991 | 7.3635 |
| Camarilla | 7.1270 | 7.1392 | 7.1513 | 7.1634 | 7.1755 | 7.1876 | 7.1998 |
| Woodie | 6.9651 | 7.0339 | 7.0973 | 7.1661 | 7.2295 | 7.2983 | 7.3617 |
| Fibonacci | 7.0347 | 7.0852 | 7.1164 | 7.1669 | 7.2174 | 7.2486 | 7.2991 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4423 | 6.6077 | 6.9202 | 7.0856 | 7.3981 | 7.5635 | 7.8760 |
| Camarilla | 7.1014 | 7.1452 | 7.1890 | 7.2328 | 7.2766 | 7.3204 | 7.3642 |
| Woodie | 6.5160 | 6.6445 | 6.9939 | 7.1224 | 7.4718 | 7.6003 | 7.9497 |
| Fibonacci | 6.6077 | 6.7902 | 6.9030 | 7.0856 | 7.2681 | 7.3809 | 7.5635 |
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): | 67.60 | |
| MACD (12,26,9): | 0.0172 | |
| Directional Movement: | 20.7027 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 7.2529 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.2273 | |
| Elder Ray (13): | 0.0111 | |
| Super Trend (3,10): | 7.2169 | |
| Zig ZAG (10): | 7.2475 | |
| VORTEX (21): | 1.2027 | |
| Stochastique (14,3,5): | 87.05 | |
| TEMA (21): | 7.2579 | |
| Williams %R (14): | -17.97 | |
| Chande Momentum Oscillator (20): | 0.0104 | |
| Repulse (5,40,3): | 0.1175 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0395 | |
| Courbe Coppock: | 0.52 |
| MA7: | 7.1775 | |
| MA20: | 7.1013 | |
| MA50: | 6.8022 | |
| MA100: | 6.4606 | |
| MAexp7: | 7.2453 | |
| MAexp20: | 7.2293 | |
| MAexp50: | 7.2030 | |
| MAexp100: | 7.1867 | |
| Price / MA7: | +1.03% | |
| Price / MA20: | +2.12% | |
| Price / MA50: | +6.61% | |
| Price / MA100: | +12.24% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | +0.68% | |
| Price / MAexp100: | +0.90% |
This member declared not having a position on this financial instrument or a related financial instrument.
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