CHF/TRY
CHF TRY
- TRY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CHFTRY
ISIN:

CHF/TRY - 1H - Technical analysis published on 10/12/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 8.6603 TRY
My targets
8.6995 TRY (+0.0270)
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 8.6603 TRY. The buyers” bullish objective is set at 8.6995 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CHF/TRY rating is 8.6725 TRY. The price registered an increase of +0.21% on the session and was traded between 8.6179 TRY and 8.6781 TRY over the period. The price is currently at +0.63% from its lowest and -0.06% from its highest.

8.6179
8.6781
8.6725

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CHF/TRY:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of CHF/TRY in 1H shows a strongly overall bullish trend. 82.14% 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. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 8.4677 8.6067 8.6603 8.6725 8.6995
Change (%) -2.36% -0.76% -0.14% - +0.31%
Change -0.2048 -0.0658 -0.0122 - +0.0270
Level Minor 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
Standard8.51398.56008.60738.65348.70078.74688.7941
Camarilla8.62898.63758.64608.65468.66328.67178.6803
Woodie8.51458.56038.60798.65378.70138.74718.7947
Fibonacci8.56008.59578.61778.65348.68918.71118.7468


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.19268.30298.47888.58918.76508.87539.0512
Camarilla8.57598.60218.62848.65468.68088.70718.7333
Woodie8.22538.31938.51158.60558.79778.89179.0839
Fibonacci8.30298.41238.47988.58918.69858.76608.8753


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.64747.85878.12208.33338.59668.80799.0712
Camarilla8.25498.29848.34198.38548.42898.47248.5159
Woodie7.67357.87178.14818.34638.62278.82099.0973
Fibonacci7.85878.04008.15208.33338.51468.62668.8079

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): 56.53
MACD (12,26,9): 0.0021
Directional Movement: 1.0678
AROON (14): 100.0000
DEMA (21): 8.6552
Parabolic SAR (0,02-0,02-0,2): 8.6133
Elder Ray (13): 0.0054
Super Trend (3,10): 8.6951
Zig ZAG (10): 8.6702
VORTEX (21): 0.9286
Stochastique (14,3,5): 82.11
TEMA (21): 8.6531
Williams %R (14): -1.40
Chande Momentum Oscillator (20): 0.0453
Repulse (5,40,3): 0.3796
ROCnROLL: 1
TRIX (15,9): -0.0011
Courbe Coppock: 0.37
MA7: 8.5694
MA20: 8.4159
MA50: 8.2086
MA100: 7.7316
MAexp7: 8.6541
MAexp20: 8.6505
MAexp50: 8.6380
MAexp100: 8.5995
Price / MA7: +1.20%
Price / MA20: +3.05%
Price / MA50: +5.65%
Price / MA100: +12.17%
Price / MAexp7: +0.21%
Price / MAexp20: +0.25%
Price / MAexp50: +0.40%
Price / MAexp100: +0.85%

Quotes : 2020-10-12 06:43:48 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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