CHF/TRY - 1H - Technical analysis published on 05/26/2021 (GMT)
- 240
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
39%
33%
My opinion
Bullish above 9.3960 TRY
My targets
9.5012 TRY (+0.0421)
9.6210 TRY (+0.1619)
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 9.3960 TRY. The buyers' bullish objective is set at 9.5012 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.6210 TRY. 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 are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5
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:
Additional analysis
Quotes
The CHF/TRY rating is 9.4591 TRY. On the day, this instrument gained +0.20% and was traded between 9.3982 TRY and 9.4618 TRY over the period. The price is currently at +0.65% from its lowest and -0.03% from its highest.9.3982
9.4618
9.4591
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
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. 89.29% 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 a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Aroon indicator bearish trend
Type : Bearish
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
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 9.2416 | 9.2847 | 9.3960 | 9.4591 | 9.4658 |
| Change (%) | -2.30% | -1.84% | -0.67% | - | +0.07% |
| Change | -0.2175 | -0.1744 | -0.0631 | - | +0.0067 |
| Level | Minor | Minor | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.2379 | 9.2896 | 9.3649 | 9.4166 | 9.4919 | 9.5436 | 9.6189 |
| Camarilla | 9.4053 | 9.4169 | 9.4286 | 9.4402 | 9.4518 | 9.4635 | 9.4751 |
| Woodie | 9.2497 | 9.2955 | 9.3767 | 9.4225 | 9.5037 | 9.5495 | 9.6307 |
| Fibonacci | 9.2896 | 9.3381 | 9.3681 | 9.4166 | 9.4651 | 9.4951 | 9.5436 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.0717 | 9.1350 | 9.2548 | 9.3181 | 9.4379 | 9.5012 | 9.6210 |
| Camarilla | 9.3242 | 9.3409 | 9.3577 | 9.3745 | 9.3913 | 9.4081 | 9.4249 |
| Woodie | 9.0999 | 9.1491 | 9.2830 | 9.3322 | 9.4661 | 9.5153 | 9.6492 |
| Fibonacci | 9.1350 | 9.2050 | 9.2482 | 9.3181 | 9.3881 | 9.4313 | 9.5012 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8002 | 8.1399 | 8.6109 | 8.9506 | 9.4216 | 9.7613 | 10.2323 |
| Camarilla | 8.8590 | 8.9333 | 9.0076 | 9.0819 | 9.1562 | 9.2305 | 9.3048 |
| Woodie | 7.8659 | 8.1727 | 8.6766 | 8.9834 | 9.4873 | 9.7941 | 10.2980 |
| Fibonacci | 8.1399 | 8.4496 | 8.6409 | 8.9506 | 9.2603 | 9.4516 | 9.7613 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.92 | |
| MACD (12,26,9): | 0.0115 | |
| Directional Movement: | -3.4135 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 9.4460 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.4501 | |
| Elder Ray (13): | -0.0083 | |
| Super Trend (3,10): | 9.3814 | |
| Zig ZAG (10): | 9.4056 | |
| VORTEX (21): | 1.0178 | |
| Stochastique (14,3,5): | 28.47 | |
| TEMA (21): | 9.4401 | |
| Williams %R (14): | -82.74 | |
| Chande Momentum Oscillator (20): | -0.0410 | |
| Repulse (5,40,3): | -0.3435 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0264 | |
| Courbe Coppock: | 0.05 |
| MA7: | 9.3639 | |
| MA20: | 9.2456 | |
| MA50: | 8.9287 | |
| MA100: | 8.5169 | |
| MAexp7: | 9.4344 | |
| MAexp20: | 9.4283 | |
| MAexp50: | 9.4019 | |
| MAexp100: | 9.3741 | |
| Price / MA7: | +1.02% | |
| Price / MA20: | +2.31% | |
| Price / MA50: | +5.94% | |
| Price / MA100: | +11.06% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.33% | |
| Price / MAexp50: | +0.61% | |
| Price / MAexp100: | +0.91% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CHF/TRY - 1H