CHF/TRY - 1H - Technical analysis published on 07/13/2020 (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
Court terme:
Bearish
De fond:
Slightly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 7.3139 TRY
My targets
7.2712 TRY (-0.0231)
7.2500 TRY (-0.0443)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade CHF/TRY with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 7.3139 TRY. The next bearish objective for sellers is set at 7.2712 TRY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.2500 TRY. In case of crossing, the next objective would be the support located at 7.2382 TRY. In the event of a bullish break in the resistance located at 7.3139 TRY a certain indecision would take hold.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3
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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
CHF/TRY rating 7.2943 TRY. The price registered a decrease of -0.01% on the session with the lowest point at 7.2752 TRY and the highest point at 7.3093 TRY. The deviation from the price is +0.26% for the low point and -0.21% for the high point.7.2752
7.3093
7.2943
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/TRY:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/TRY chart shows a slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 7 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.2382 | 7.2500 | 7.2712 | 7.2943 | 7.2953 | 7.3139 | 7.3320 |
| Change (%) | -0.77% | -0.61% | -0.32% | - | +0.01% | +0.27% | +0.52% |
| Change | -0.0561 | -0.0443 | -0.0231 | - | +0.0010 | +0.0196 | +0.0377 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 7.2392 | 7.2588 | 7.2770 | 7.2966 | 7.3148 | 7.3344 | 7.3526 |
| Camarilla | 7.2848 | 7.2883 | 7.2917 | 7.2952 | 7.2987 | 7.3021 | 7.3056 |
| Woodie | 7.2385 | 7.2585 | 7.2763 | 7.2963 | 7.3141 | 7.3341 | 7.3519 |
| Fibonacci | 7.2588 | 7.2732 | 7.2822 | 7.2966 | 7.3110 | 7.3200 | 7.3344 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.1823 | 7.2196 | 7.2574 | 7.2947 | 7.3325 | 7.3698 | 7.4076 |
| Camarilla | 7.2746 | 7.2814 | 7.2883 | 7.2952 | 7.3021 | 7.3090 | 7.3159 |
| Woodie | 7.1826 | 7.2197 | 7.2577 | 7.2948 | 7.3328 | 7.3699 | 7.4079 |
| Fibonacci | 7.2196 | 7.2483 | 7.2660 | 7.2947 | 7.3234 | 7.3411 | 7.3698 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6593 | 6.8028 | 7.0188 | 7.1623 | 7.3783 | 7.5218 | 7.7378 |
| Camarilla | 7.1360 | 7.1690 | 7.2020 | 7.2349 | 7.2679 | 7.3008 | 7.3338 |
| Woodie | 6.6957 | 6.8209 | 7.0552 | 7.1804 | 7.4147 | 7.5399 | 7.7742 |
| Fibonacci | 6.8028 | 6.9401 | 7.0249 | 7.1623 | 7.2996 | 7.3844 | 7.5218 |
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): | 45.51 | |
| MACD (12,26,9): | -0.0028 | |
| Directional Movement: | -4.0728 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 7.2906 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.3017 | |
| Elder Ray (13): | -0.0042 | |
| Super Trend (3,10): | 7.3073 | |
| Zig ZAG (10): | 7.2901 | |
| VORTEX (21): | 0.9657 | |
| Stochastique (14,3,5): | 39.30 | |
| TEMA (21): | 7.2887 | |
| Williams %R (14): | -58.94 | |
| Chande Momentum Oscillator (20): | -0.0128 | |
| Repulse (5,40,3): | -0.0171 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0032 | |
| Courbe Coppock: | 0.33 |
| MA7: | 7.2885 | |
| MA20: | 7.2448 | |
| MA50: | 7.1687 | |
| MA100: | 6.9965 | |
| MAexp7: | 7.2903 | |
| MAexp20: | 7.2935 | |
| MAexp50: | 7.2961 | |
| MAexp100: | 7.2932 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | +0.68% | |
| Price / MA50: | +1.75% | |
| Price / MA100: | +4.26% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | +0.02% |
Quotes :
2020-07-13 16:36:09
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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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