CHF/TRY - 1H - Technical analysis published on 08/22/2022 (GMT)
- 148
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
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
33%
28%
39%
My opinion
Bearish under 18.8997 TRY
My targets
18.8511 TRY (-0.0203)
18.8174 TRY (-0.0540)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/TRY as long as the price remains well below 18.8997 TRY. The sellers' bearish objective is set at 18.8511 TRY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 18.8174 TRY. In case of crossing, the next objective would be the support located at 18.7255 TRY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.8
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/TRY rating is 18.8714 TRY. On the day, this instrument lost -0.01% and was between 18.8391 TRY and 18.9110 TRY. This implies that the price is at +0.17% from its lowest and at -0.21% from its highest.18.8391
18.9110
18.8714
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
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. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 7 are neutral and 5 are bearish. The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.7255 | 18.8174 | 18.8511 | 18.8714 | 18.8997 | 19.0017 | 19.0631 |
| Change (%) | -0.77% | -0.29% | -0.11% | - | +0.15% | +0.69% | +1.02% |
| Change | -0.1459 | -0.0540 | -0.0203 | - | +0.0283 | +0.1303 | +0.1917 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 18.7086 | 18.7728 | 18.8228 | 18.8870 | 18.9370 | 19.0012 | 19.0512 |
| Camarilla | 18.8413 | 18.8518 | 18.8622 | 18.8727 | 18.8832 | 18.8936 | 18.9041 |
| Woodie | 18.7014 | 18.7693 | 18.8156 | 18.8835 | 18.9298 | 18.9977 | 19.0440 |
| Fibonacci | 18.7728 | 18.8165 | 18.8434 | 18.8870 | 18.9307 | 18.9576 | 19.0012 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.5109 | 18.6637 | 18.7682 | 18.9210 | 19.0255 | 19.1783 | 19.2828 |
| Camarilla | 18.8019 | 18.8255 | 18.8491 | 18.8727 | 18.8963 | 18.9199 | 18.9435 |
| Woodie | 18.4868 | 18.6516 | 18.7441 | 18.9089 | 19.0014 | 19.1662 | 19.2587 |
| Fibonacci | 18.6637 | 18.7620 | 18.8227 | 18.9210 | 19.0193 | 19.0800 | 19.1783 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.3127 | 16.8396 | 17.8322 | 18.3591 | 19.3517 | 19.8786 | 20.8712 |
| Camarilla | 18.4068 | 18.5461 | 18.6854 | 18.8247 | 18.9640 | 19.1033 | 19.2426 |
| Woodie | 16.5455 | 16.9560 | 18.0650 | 18.4755 | 19.5845 | 19.9950 | 21.1040 |
| Fibonacci | 16.8396 | 17.4201 | 17.7787 | 18.3591 | 18.9396 | 19.2982 | 19.8786 |
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): | 49.08 | |
| MACD (12,26,9): | -0.0027 | |
| Directional Movement: | 0.1687 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 18.8791 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.8433 | |
| Elder Ray (13): | -0.0087 | |
| Super Trend (3,10): | 18.9512 | |
| Zig ZAG (10): | 18.8779 | |
| VORTEX (21): | 0.8890 | |
| Stochastique (14,3,5): | 55.22 | |
| TEMA (21): | 18.8770 | |
| Williams %R (14): | -46.31 | |
| Chande Momentum Oscillator (20): | -0.0097 | |
| Repulse (5,40,3): | 0.0244 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0026 | |
| Courbe Coppock: | 0.09 |
| MA7: | 18.9172 | |
| MA20: | 18.8256 | |
| MA50: | 18.1935 | |
| MA100: | 17.1162 | |
| MAexp7: | 18.8802 | |
| MAexp20: | 18.8831 | |
| MAexp50: | 18.8879 | |
| MAexp100: | 18.8974 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | +0.24% | |
| Price / MA50: | +3.73% | |
| Price / MA100: | +10.25% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.14% |
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