CHF/TRY - 1H - Technical analysis published on 06/05/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
44%
6%
50%
My opinion
Bullish above 7.0317 TRY
My targets
7.0978 TRY (+0.0283)
7.1290 TRY (+0.0595)
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 7.0317 TRY. The buyers” bullish objective is set at 7.0978 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.1290 TRY. If there is any crossing, the next objective would be the resistance located at 7.3800 TRY.
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
5.9
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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 7.0695 TRY. The price has increased by +0.02% since the last closing with the lowest point at 7.0464 TRY and the highest point at 7.0873 TRY. The deviation from the price is +0.33% for the low point and -0.25% for the high point.7.0464
7.0873
7.0695
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CHF/TRY in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced 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.
An assessment of technical indicators shows a slightly bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.9452 | 6.9981 | 7.0317 | 7.0695 | 7.0748 | 7.0978 | 7.1290 |
| Change (%) | -1.76% | -1.01% | -0.53% | - | +0.07% | +0.40% | +0.84% |
| Change | -0.1243 | -0.0714 | -0.0378 | - | +0.0053 | +0.0283 | +0.0595 |
| Level | Intermediate | Major | Minor | - | Intermediate | 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 | 6.9103 | 6.9486 | 7.0085 | 7.0468 | 7.1067 | 7.1450 | 7.2049 |
| Camarilla | 7.0413 | 7.0503 | 7.0593 | 7.0683 | 7.0773 | 7.0863 | 7.0953 |
| Woodie | 6.9210 | 6.9540 | 7.0192 | 7.0522 | 7.1174 | 7.1504 | 7.2156 |
| Fibonacci | 6.9486 | 6.9862 | 7.0093 | 7.0468 | 7.0844 | 7.1075 | 7.1450 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7911 | 6.8617 | 6.9794 | 7.0500 | 7.1677 | 7.2383 | 7.3560 |
| Camarilla | 7.0453 | 7.0626 | 7.0798 | 7.0971 | 7.1144 | 7.1316 | 7.1489 |
| Woodie | 6.8147 | 6.8735 | 7.0030 | 7.0618 | 7.1913 | 7.2501 | 7.3796 |
| Fibonacci | 6.8617 | 6.9336 | 6.9781 | 7.0500 | 7.1219 | 7.1664 | 7.2383 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3532 | 6.6428 | 6.8699 | 7.1595 | 7.3866 | 7.6762 | 7.9033 |
| Camarilla | 6.9550 | 7.0024 | 7.0497 | 7.0971 | 7.1445 | 7.1918 | 7.2392 |
| Woodie | 6.3221 | 6.6272 | 6.8388 | 7.1439 | 7.3555 | 7.6606 | 7.8722 |
| Fibonacci | 6.6428 | 6.8402 | 6.9621 | 7.1595 | 7.3569 | 7.4788 | 7.6762 |
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): | 56.00 | |
| MACD (12,26,9): | 0.0104 | |
| Directional Movement: | 4.7794 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 7.0764 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.0464 | |
| Elder Ray (13): | 0.0025 | |
| Super Trend (3,10): | 7.0214 | |
| Zig ZAG (10): | 7.0725 | |
| VORTEX (21): | 1.0616 | |
| Stochastique (14,3,5): | 51.12 | |
| TEMA (21): | 7.0770 | |
| Williams %R (14): | -23.71 | |
| Chande Momentum Oscillator (20): | 0.0054 | |
| Repulse (5,40,3): | 0.2240 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0279 | |
| Courbe Coppock: | 0.31 |
| MA7: | 7.0527 | |
| MA20: | 7.0663 | |
| MA50: | 7.0864 | |
| MA100: | 6.7195 | |
| MAexp7: | 7.0736 | |
| MAexp20: | 7.0634 | |
| MAexp50: | 7.0467 | |
| MAexp100: | 7.0408 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | +0.05% | |
| Price / MA50: | -0.24% | |
| Price / MA100: | +5.21% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.32% | |
| Price / MAexp100: | +0.41% |
Quotes :
2020-06-05 07:43:58
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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.
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