CHF/TRY - 1H - Technical analysis published on 09/25/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
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
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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.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
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:
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 18.1873 | 18.4240 | 18.6109 | 18.8476 | 19.0345 | 19.2712 | 19.4581 |
| Camarilla | 18.6812 | 18.7200 | 18.7589 | 18.7977 | 18.8365 | 18.8754 | 18.9142 |
| Woodie | 18.1623 | 18.4116 | 18.5859 | 18.8352 | 19.0095 | 19.2588 | 19.4331 |
| Fibonacci | 18.4240 | 18.5859 | 18.6858 | 18.8476 | 19.0095 | 19.1094 | 19.2712 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.4092 | 18.6419 | 18.7781 | 19.0108 | 19.1470 | 19.3797 | 19.5159 |
| Camarilla | 18.8129 | 18.8467 | 18.8805 | 18.9143 | 18.9481 | 18.9819 | 19.0158 |
| Woodie | 18.3610 | 18.6178 | 18.7299 | 18.9867 | 19.0988 | 19.3556 | 19.4677 |
| Fibonacci | 18.6419 | 18.7828 | 18.8699 | 19.0108 | 19.1517 | 19.2388 | 19.3797 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.7214 | 18.1256 | 18.3536 | 18.7578 | 18.9858 | 19.3900 | 19.6180 |
| Camarilla | 18.4079 | 18.4658 | 18.5238 | 18.5817 | 18.6397 | 18.6976 | 18.7556 |
| Woodie | 17.6334 | 18.0816 | 18.2656 | 18.7138 | 18.8978 | 19.3460 | 19.5300 |
| Fibonacci | 18.1256 | 18.3671 | 18.5163 | 18.7578 | 18.9993 | 19.1485 | 19.3900 |
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.
About author
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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…
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