CHF/TRY - 1H - Technical analysis published on 08/05/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 9.4154 TRY
My targets
9.4658 TRY (+0.0318)
9.5671 TRY (+0.1331)
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 9.4154 TRY. The buyers' bullish objective is set at 9.4658 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.5671 TRY. If there is any crossing, the next objective would be the resistance located at 9.6380 TRY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.4
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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
CHF/TRY rating 9.4340 TRY. The price registered an increase of +0.84% on the session with the lowest point at 9.3326 TRY and the highest point at 9.4469 TRY. The deviation from the price is +1.09% for the low point and -0.14% for the high point.9.3326
9.4469
9.4340
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/TRY indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 9.3634 | 9.3941 | 9.4154 | 9.4340 | 9.4658 | 9.6380 |
| Change (%) | -0.75% | -0.42% | -0.20% | - | +0.34% | +2.16% |
| Change | -0.0706 | -0.0399 | -0.0186 | - | +0.0318 | +0.2040 |
| Level | Major | Minor | Minor | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.2065 | 9.2401 | 9.2976 | 9.3312 | 9.3887 | 9.4223 | 9.4798 |
| Camarilla | 9.3301 | 9.3384 | 9.3468 | 9.3551 | 9.3635 | 9.3718 | 9.3802 |
| Woodie | 9.2185 | 9.2461 | 9.3096 | 9.3372 | 9.4007 | 9.4283 | 9.4918 |
| Fibonacci | 9.2401 | 9.2749 | 9.2964 | 9.3312 | 9.3660 | 9.3875 | 9.4223 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.1072 | 9.1846 | 9.2605 | 9.3379 | 9.4138 | 9.4912 | 9.5671 |
| Camarilla | 9.2941 | 9.3082 | 9.3223 | 9.3363 | 9.3504 | 9.3644 | 9.3785 |
| Woodie | 9.1064 | 9.1842 | 9.2597 | 9.3375 | 9.4130 | 9.4908 | 9.5663 |
| Fibonacci | 9.1846 | 9.2432 | 9.2794 | 9.3379 | 9.3965 | 9.4327 | 9.4912 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.9318 | 9.0828 | 9.2096 | 9.3606 | 9.4874 | 9.6384 | 9.7652 |
| Camarilla | 9.2599 | 9.2854 | 9.3108 | 9.3363 | 9.3618 | 9.3872 | 9.4127 |
| Woodie | 8.9196 | 9.0768 | 9.1974 | 9.3546 | 9.4752 | 9.6324 | 9.7530 |
| Fibonacci | 9.0828 | 9.1890 | 9.2545 | 9.3606 | 9.4668 | 9.5323 | 9.6384 |
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): | 78.25 | |
| MACD (12,26,9): | 0.0183 | |
| Directional Movement: | 24.1299 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 9.3763 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.3298 | |
| Elder Ray (13): | 0.0386 | |
| Super Trend (3,10): | 9.3194 | |
| Zig ZAG (10): | 9.4337 | |
| VORTEX (21): | 1.0641 | |
| Stochastique (14,3,5): | 79.37 | |
| TEMA (21): | 9.3674 | |
| Williams %R (14): | -29.70 | |
| Chande Momentum Oscillator (20): | 0.0197 | |
| Repulse (5,40,3): | 0.3897 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0219 | |
| Courbe Coppock: | 0.23 |
| MA7: | 9.3383 | |
| MA20: | 9.3498 | |
| MA50: | 9.4307 | |
| MA100: | 9.1955 | |
| MAexp7: | 9.3677 | |
| MAexp20: | 9.3531 | |
| MAexp50: | 9.3269 | |
| MAexp100: | 9.3167 | |
| Price / MA7: | +1.02% | |
| Price / MA20: | +0.90% | |
| Price / MA50: | +0.03% | |
| Price / MA100: | +2.59% | |
| Price / MAexp7: | +0.71% | |
| Price / MAexp20: | +0.86% | |
| Price / MAexp50: | +1.15% | |
| Price / MAexp100: | +1.26% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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