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 09/16/2021 (GMT)

  • 138
  • 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 9.1893 TRY
My targets
9.1261 TRY (-0.0304)
9.0663 TRY (-0.0902)
My analysis
The bearish trend is currently very strong for CHF/TRY. As long as the price remains below the resistance at 9.1893 TRY, you could try to take advantage of the bearish rally. The first bearish objective is located at 9.1261 TRY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 9.0663 TRY as an objective. Crossing it would then enable sellers to target 9.0322 TRY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3

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

CHF/TRY rating 9.1565 TRY. The price registered a decrease of -0.14% on the session and was between 9.1463 TRY and 9.1784 TRY. This implies that the price is at +0.11% from its lowest and at -0.24% from its highest.

9.1463
9.1784
9.1565

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


A technical analysis in 1H of this CHF/TRY chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

On the 18 technical indicators analysed, 4 are bullish, 3 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 9.0322 9.0663 9.1261 9.1565 9.1576 9.1893 9.2253
Change (%) -1.36% -0.99% -0.33% - +0.01% +0.36% +0.75%
Change -0.1243 -0.0902 -0.0304 - +0.0011 +0.0328 +0.0688
Level Minor Minor Intermediate - Intermediate Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.08819.12199.14579.17959.20339.23719.2609
Camarilla9.15379.15899.16429.16959.17489.18019.1853
Woodie9.08319.11949.14079.17709.19839.23469.2559
Fibonacci9.12199.14399.15759.17959.20159.21519.2371


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.83388.92889.07519.17019.31649.41149.5577
Camarilla9.15509.17729.19939.22149.24359.26569.2878
Woodie8.85958.94169.10089.18299.34219.42429.5834
Fibonacci8.92889.02109.07799.17019.26239.31929.4114


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.51608.78858.93859.21109.36109.63359.7835
Camarilla8.97249.01119.04999.08869.12739.16619.2048
Woodie8.45498.75798.87749.18049.29999.60299.7224
Fibonacci8.78858.94999.04969.21109.37249.47219.6335

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): 42.52
MACD (12,26,9): -0.0043
Directional Movement: -6.0988
AROON (14): -64.2857
DEMA (21): 9.1646
Parabolic SAR (0,02-0,02-0,2): 9.1747
Elder Ray (13): -0.0081
Super Trend (3,10): 9.1375
Zig ZAG (10): 9.1553
VORTEX (21): 0.9026
Stochastique (14,3,5): 23.95
TEMA (21): 9.1606
Williams %R (14): -66.47
Chande Momentum Oscillator (20): -0.0210
Repulse (5,40,3): -0.0157
ROCnROLL: 2
TRIX (15,9): -0.0044
Courbe Coppock: 0.21
MA7: 9.1808
MA20: 9.1523
MA50: 9.2624
MA100: 9.3298
MAexp7: 9.1650
MAexp20: 9.1695
MAexp50: 9.1730
MAexp100: 9.1712
Price / MA7: -0.26%
Price / MA20: +0.05%
Price / MA50: -1.14%
Price / MA100: -1.86%
Price / MAexp7: -0.09%
Price / MAexp20: -0.14%
Price / MAexp50: -0.18%
Price / MAexp100: -0.16%

Quotes : - Real time data - Forex

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

About author

Online

Overall rating :
15090
Number of analyses :
Followers :
0
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

no pic

Comments

0 comments on the analysis CHF/TRY - 1H