CHF/TRY

- TRY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CHFTRY
ISIN:

CHF/TRY - Daily - Technical analysis published on 04/17/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 21.3398 TRY

My targets

22.4395 TRY (+0.5689)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/TRY as long as the price remains well above 21.3398 TRY. The buyers' bullish objective is set at 22.4395 TRY. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.8

Comment on the analysis

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 21.8706 TRY. The price has increased by +0.97% since the last closing with the lowest point at 21.6219 TRY and the highest point at 21.8913 TRY. The deviation from the price is +1.15% for the low point and -0.09% for the high point.

21.6219

21.8913

21.8706

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

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

Technical analysis of this Daily chart of CHF/TRY indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish 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 : AMA50 & AMA100

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

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

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	19.1231	19.9964	20.7337	21.8706
Change (%)	-12.56%	-8.57%	-5.20%	-
Change	-2.7475	-1.8742	-1.1369	-
Level	Minor	Intermediate	Major	-

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.3342	21.4743	21.5672	21.7073	21.8002	21.9403	22.0332
Camarilla	21.5960	21.6174	21.6387	21.6601	21.6815	21.7028	21.7242
Woodie	21.3106	21.4625	21.5436	21.6955	21.7766	21.9285	22.0096
Fibonacci	21.4743	21.5633	21.6183	21.7073	21.7963	21.8513	21.9403

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.3900	20.7638	21.2120	21.5858	22.0340	22.4078	22.8560
Camarilla	21.4341	21.5094	21.5848	21.6601	21.7355	21.8108	21.8862
Woodie	20.4271	20.7824	21.2491	21.6044	22.0711	22.4264	22.8931
Fibonacci	20.7638	21.0778	21.2718	21.5858	21.8998	22.0938	22.4078

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.1404	19.5455	20.2401	20.6452	21.3398	21.7449	22.4395
Camarilla	20.6323	20.7331	20.8339	20.9347	21.0355	21.1363	21.2371
Woodie	19.2852	19.6179	20.3849	20.7176	21.4846	21.8173	22.5843
Fibonacci	19.5455	19.9656	20.2251	20.6452	21.0653	21.3248	21.7449

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):	72.21
MACD (12,26,9):	0.2973
Directional Movement:	24.2416
AROON (14):	85.7143
DEMA (21):	21.5563
Parabolic SAR (0,02-0,02-0,2):	21.4738
Elder Ray (13):	0.3742
Super Trend (3,10):	21.0343
Zig ZAG (10):	21.7213
VORTEX (21):	1.2457
Stochastique (14,3,5):	79.58
TEMA (21):	21.7159
Williams %R (14):	-19.37
Chande Momentum Oscillator (20):	0.7218
Repulse (5,40,3):	0.4922
ROCnROLL:	1
TRIX (15,9):	0.1744
Courbe Coppock:	7.07

MA7:	21.5028
MA20:	21.1327
MA50:	20.6605
MA100:	20.4180
MAexp7:	21.5325
MAexp20:	21.1910
MAexp50:	20.7937
MAexp100:	20.3500
Price / MA7:	+1.71%
Price / MA20:	+3.49%
Price / MA50:	+5.86%
Price / MA100:	+7.11%
Price / MAexp7:	+1.57%
Price / MAexp20:	+3.21%
Price / MAexp50:	+5.18%
Price / MAexp100:	+7.47%

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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