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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 07/15/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 17.7028 TRY
My targets
17.8073 TRY (+0.0390)
17.8742 TRY (+0.1059)
My analysis
With a bullish background trend, the price of CHF/TRY is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 17.7028 TRY. A bullish break in the resistance located at 17.8073 TRY would boost the bullish momentum and fuel the basic trend. Then the price could move towards 17.8742 TRY. Then 18.1544 TRY by extension. It would be safer to wait for a bullish break in the resistance located at 17.8073 TRY before allowing yourself to re trade long positions (at purchase) on CHF/TRY. PS: if there is a bearish break in the support located at 17.7028 TRY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

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
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.

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

Additional analysis

Quotes

CHF/TRY rating 17.7683 TRY. The price registered a decrease of -0.01% on the session and was traded between 17.6973 TRY and 17.8507 TRY over the period. The price is currently at +0.40% from its lowest and -0.46% from its highest.

17.6973
17.8507
17.7683

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CHF/TRY:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, only 9 technical indicators out of 18 studied are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 17.5758 17.7028 17.7620 17.7683 17.8073 17.8742 18.1544
Change (%) -1.08% -0.37% -0.04% - +0.22% +0.60% +2.17%
Change -0.1925 -0.0655 -0.0063 - +0.0390 +0.1059 +0.3861
Level Intermediate Intermediate Minor - 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
Standard17.568717.623717.697117.752117.825517.880517.9539
Camarilla17.735117.746917.758617.770417.782217.793917.8057
Woodie17.577817.628317.706217.756717.834617.885117.9630
Fibonacci17.623717.672817.703117.752117.801217.831517.8805


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.013517.206417.450117.643017.886718.079618.3233
Camarilla17.573817.613917.653917.693917.733917.773917.8140
Woodie17.039017.219117.475617.655717.912218.092318.3488
Fibonacci17.206417.373217.476217.643017.809817.912818.0796


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.655615.524716.504217.373318.352819.221920.2014
Camarilla16.975317.144817.314317.483717.653217.822617.9921
Woodie14.710815.552316.559417.400918.408019.249520.2566
Fibonacci15.524716.230916.667117.373318.079518.515719.2219

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): 54.76
MACD (12,26,9): 0.0159
Directional Movement: -10.6376
AROON (14): 21.4286
DEMA (21): 17.8128
Parabolic SAR (0,02-0,02-0,2): 17.7353
Elder Ray (13): -0.0002
Super Trend (3,10): 17.6994
Zig ZAG (10): 17.8164
VORTEX (21): 1.0734
Stochastique (14,3,5): 74.73
TEMA (21): 17.8220
Williams %R (14): -29.01
Chande Momentum Oscillator (20): 0.0203
Repulse (5,40,3): 0.2349
ROCnROLL: 1
TRIX (15,9): 0.0097
Courbe Coppock: 0.63
MA7: 17.7100
MA20: 17.6713
MA50: 17.1003
MA100: 16.3376
MAexp7: 17.8086
MAexp20: 17.7933
MAexp50: 17.7708
MAexp100: 17.7407
Price / MA7: +0.33%
Price / MA20: +0.55%
Price / MA50: +3.91%
Price / MA100: +8.76%
Price / MAexp7: -0.23%
Price / MAexp20: -0.14%
Price / MAexp50: -0.01%
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.

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