CHF/TRY - 1H - Technical analysis published on 09/23/2020 (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:
Bullish
De fond:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 8.2760 TRY
My targets
8.3743 TRY (+0.0335)
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 8.2760 TRY. The buyers” bullish objective is set at 8.3743 TRY. A bullish break in this resistance would boost the bullish momentum. 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.
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
6.4
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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 8.3408 TRY. The price has increased by +0.01% since the last closing and was between 8.3059 TRY and 8.3426 TRY. This implies that the price is at +0.42% from its lowest and at -0.02% from its highest.8.3059
8.3426
8.3408
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:
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 strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 8.2327 | 8.2760 | 8.3387 | 8.3408 | 8.3743 |
| Change (%) | -1.30% | -0.78% | -0.03% | - | +0.40% |
| Change | -0.1081 | -0.0648 | -0.0021 | - | +0.0335 |
| Level | Intermediate | Intermediate | Minor | - | 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 | 8.2562 | 8.2868 | 8.3132 | 8.3438 | 8.3702 | 8.4008 | 8.4272 |
| Camarilla | 8.3240 | 8.3293 | 8.3345 | 8.3397 | 8.3449 | 8.3502 | 8.3554 |
| Woodie | 8.2542 | 8.2858 | 8.3112 | 8.3428 | 8.3682 | 8.3998 | 8.4252 |
| Fibonacci | 8.2868 | 8.3085 | 8.3220 | 8.3438 | 8.3655 | 8.3790 | 8.4008 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.0826 | 8.1415 | 8.2205 | 8.2794 | 8.3584 | 8.4173 | 8.4963 |
| Camarilla | 8.2615 | 8.2741 | 8.2868 | 8.2994 | 8.3120 | 8.3247 | 8.3373 |
| Woodie | 8.0926 | 8.1465 | 8.2305 | 8.2844 | 8.3684 | 8.4223 | 8.5063 |
| Fibonacci | 8.1415 | 8.1942 | 8.2268 | 8.2794 | 8.3321 | 8.3647 | 8.4173 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.0573 | 7.2954 | 7.7171 | 7.9552 | 8.3769 | 8.6150 | 9.0367 |
| Camarilla | 7.9574 | 8.0178 | 8.0783 | 8.1388 | 8.1993 | 8.2598 | 8.3203 |
| Woodie | 7.1491 | 7.3413 | 7.8089 | 8.0011 | 8.4687 | 8.6609 | 9.1285 |
| Fibonacci | 7.2954 | 7.5474 | 7.7032 | 7.9552 | 8.2072 | 8.3630 | 8.6150 |
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): | 51.26 | |
| MACD (12,26,9): | -0.0038 | |
| Directional Movement: | -3.3679 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 8.3279 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.3419 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 8.3027 | |
| Zig ZAG (10): | 8.3413 | |
| VORTEX (21): | 0.9662 | |
| Stochastique (14,3,5): | 52.83 | |
| TEMA (21): | 8.3237 | |
| Williams %R (14): | -6.41 | |
| Chande Momentum Oscillator (20): | 0.0068 | |
| Repulse (5,40,3): | 0.3639 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0048 | |
| Courbe Coppock: | 0.36 |
| MA7: | 8.2978 | |
| MA20: | 8.2044 | |
| MA50: | 7.9435 | |
| MA100: | 7.5551 | |
| MAexp7: | 8.3238 | |
| MAexp20: | 8.3315 | |
| MAexp50: | 8.3302 | |
| MAexp100: | 8.3154 | |
| Price / MA7: | +0.52% | |
| Price / MA20: | +1.66% | |
| Price / MA50: | +5.00% | |
| Price / MA100: | +10.40% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.31% |
Quotes :
2020-09-23 06:58:26
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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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