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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 01/19/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 14.7794 TRY
My targets
14.9226 TRY (+0.0487)
15.0383 TRY (+0.1644)
My analysis
A bullish trend on CHF/TRY both in substance and in the short term. A purchase could be considered as long as the price remains above 14.7794 TRY. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 14.9226 TRY. Then the price could move towards 15.0383 TRY. Then 15.1505 TRY by extension. Be careful, a return below 14.7794 TRY would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

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
6.6

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.

Vincent Launay
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 price is 14.8739 TRY. The price registered an increase of +0.84% on the session with the lowest point at 14.7375 TRY and the highest point at 14.8884 TRY. The deviation from the price is +0.93% for the low point and -0.10% for the high point.

14.7375
14.8884
14.8739

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CHF/TRY chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

Type : Bearish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 14.5447 14.6580 14.7794 14.8739 14.9226 15.0383 15.1505
Change (%) -2.21% -1.45% -0.64% - +0.33% +1.11% +1.86%
Change -0.3292 -0.2159 -0.0945 - +0.0487 +0.1644 +0.2766
Level Intermediate Intermediate Minor - Intermediate Intermediate Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.373414.518014.634114.778714.894815.039415.1555
Camarilla14.678414.702314.726214.750114.774014.797914.8218
Woodie14.359114.510914.619814.771614.880515.032315.1412
Fibonacci14.518014.617614.679214.778714.878314.939915.0394


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.705914.043114.430914.768115.155915.493115.8809
Camarilla14.619214.685714.752114.818614.885114.951515.0180
Woodie13.731114.055814.456114.780815.181115.505815.9061
Fibonacci14.043114.320114.491214.768115.045115.216215.4931


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.63916.390110.457515.208519.275924.026928.0943
Camarilla12.099812.908213.716614.524915.333316.141616.9500
Woodie1.29736.219210.115715.037618.934123.856027.7525
Fibonacci6.39019.758711.839915.208518.577120.658324.0269

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): 62.42
MACD (12,26,9): 0.0150
Directional Movement: 6.5795
AROON (14): 57.1429
DEMA (21): 14.8098
Parabolic SAR (0,02-0,02-0,2): 14.6927
Elder Ray (13): 0.0498
Super Trend (3,10): 14.7066
Zig ZAG (10): 14.8469
VORTEX (21): 1.0534
Stochastique (14,3,5): 89.63
TEMA (21): 14.8240
Williams %R (14): -0.67
Chande Momentum Oscillator (20): 0.1108
Repulse (5,40,3): 0.6222
ROCnROLL: 1
TRIX (15,9): 0.0073
Courbe Coppock: 0.05
MA7: 14.7754
MA20: 14.2789
MA50: 14.0640
MA100: 11.9313
MAexp7: 14.8198
MAexp20: 14.7920
MAexp50: 14.7816
MAexp100: 14.7926
Price / MA7: +0.67%
Price / MA20: +4.17%
Price / MA50: +5.76%
Price / MA100: +24.66%
Price / MAexp7: +0.34%
Price / MAexp20: +0.52%
Price / MAexp50: +0.60%
Price / MAexp100: +0.52%

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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