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 09/25/2022 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 18.8624 TRY
My targets
18.7129 TRY (-0.0397)
18.6608 TRY (-0.0918)
My analysis
The bearish trend is currently very strong for CHF/TRY. As long as the price remains below the resistance at 18.8624 TRY, you could try to take advantage of the bearish rally. The first bearish objective is located at 18.7129 TRY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 18.6608 TRY as an objective. Crossing it would then enable sellers to target 18.1544 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.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7

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:
15 min. Daily Weekly

Additional analysis

Quotes

The CHF/TRY price is 18.7526 TRY. On the day, this instrument lost -0.24% with the lowest point at 18.7080 TRY and the highest point at 18.8667 TRY. The deviation from the price is +0.24% for the low point and -0.60% for the high point.

18.7080
18.8667
18.7526

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CHF/TRY chart shows a sharp bearish trend. 92.86% 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.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Momentum indicator is back over 0

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 horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 18.1544 18.6608 18.7129 18.7526 18.8624 18.9231 19.0329
Change (%) -3.19% -0.49% -0.21% - +0.59% +0.91% +1.49%
Change -0.5982 -0.0918 -0.0397 - +0.1098 +0.1705 +0.2803
Level Major Intermediate Minor - Intermediate Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.187318.424018.610918.847619.034519.271219.4581
Camarilla18.681218.720018.758918.797718.836518.875418.9142
Woodie18.162318.411618.585918.835219.009519.258819.4331
Fibonacci18.424018.585918.685818.847619.009519.109419.2712


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.409218.641918.778119.010819.147019.379719.5159
Camarilla18.812918.846718.880518.914318.948118.981919.0158
Woodie18.361018.617818.729918.986719.098819.355619.4677
Fibonacci18.641918.782818.869919.010819.151719.238819.3797


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.721418.125618.353618.757818.985819.390019.6180
Camarilla18.407918.465818.523818.581718.639718.697618.7556
Woodie17.633418.081618.265618.713818.897819.346019.5300
Fibonacci18.125618.367118.516318.757818.999319.148519.3900

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): 47.30
MACD (12,26,9): -0.0140
Directional Movement: -2.2031
AROON (14): -35.7143
DEMA (21): 18.7424
Parabolic SAR (0,02-0,02-0,2): 18.8516
Elder Ray (13): -0.0041
Super Trend (3,10): 18.8772
Zig ZAG (10): 18.7526
VORTEX (21): 0.9752
Stochastique (14,3,5): 21.55
TEMA (21): 18.7547
Williams %R (14): -71.90
Chande Momentum Oscillator (20): 0.0097
Repulse (5,40,3): -0.0395
ROCnROLL: 2
TRIX (15,9): -0.0113
Courbe Coppock: 0.07
MA7: 18.9152
MA20: 18.8116
MA50: 18.7442
MA100: 17.9227
MAexp7: 18.7526
MAexp20: 18.7637
MAexp50: 18.8072
MAexp100: 18.8622
Price / MA7: -0.86%
Price / MA20: -0.31%
Price / MA50: +0.04%
Price / MA100: +4.63%
Price / MAexp7: -0%
Price / MAexp20: -0.06%
Price / MAexp50: -0.29%
Price / MAexp100: -0.58%

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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