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 05/09/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

22%

My opinion

Bullish above 21.5387 TRY

My targets

22.2024 TRY (+0.2862)

22.6716 TRY (+0.7554)

My analysis

CHF/TRY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 21.5387 TRY. The next resistance located at 22.2024 TRY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 22.6716 TRY. After this resistance, buyers could then target 23.3353 TRY. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

7.1

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 price is 21.9162 TRY. The price registered an increase of +0.00% on the session and was traded between 21.9013 TRY and 21.9201 TRY over the period. The price is currently at +0.07% from its lowest and -0.02% from its highest.

21.9013

21.9201

21.9162

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.

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:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this CHF/TRY chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	19.9985	20.7337	21.8789	21.9162
Change (%)	-8.75%	-5.40%	-0.17%	-
Change	-1.9177	-1.1825	-0.0373	-
Level	Intermediate	Major	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	21.4079	21.6365	21.7765	22.0051	22.1451	22.3737	22.5137
Camarilla	21.8150	21.8488	21.8826	21.9164	21.9502	21.9840	22.0178
Woodie	21.3635	21.6144	21.7321	21.9830	22.1007	22.3516	22.4693
Fibonacci	21.6365	21.7773	21.8643	22.0051	22.1459	22.2329	22.3737

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.2156	21.4295	21.6584	21.8723	22.1012	22.3151	22.5440
Camarilla	21.7654	21.8060	21.8466	21.8872	21.9278	21.9684	22.0090
Woodie	21.2230	21.4333	21.6658	21.8761	22.1086	22.3189	22.5514
Fibonacci	21.4295	21.5987	21.7032	21.8723	22.0415	22.1460	22.3151

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.9366	20.4058	21.0695	21.5387	22.2024	22.6716	23.3353
Camarilla	21.4218	21.5256	21.6295	21.7333	21.8372	21.9410	22.0449
Woodie	20.0340	20.4544	21.1669	21.5873	22.2998	22.7202	23.4327
Fibonacci	20.4058	20.8385	21.1059	21.5387	21.9714	22.2388	22.6716

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	64.13
MACD (12,26,9):	0.2188
Directional Movement:	12.7309
AROON (14):	92.8571
DEMA (21):	22.0262
Parabolic SAR (0,02-0,02-0,2):	21.7303
Elder Ray (13):	0.0864
Super Trend (3,10):	21.3612
Zig ZAG (10):	21.9108
VORTEX (21):	1.1537
Stochastique (14,3,5):	55.47
TEMA (21):	22.0177
Williams %R (14):	-50.68
Chande Momentum Oscillator (20):	0.1993
Repulse (5,40,3):	-0.4656
ROCnROLL:	1
TRIX (15,9):	0.1693
Courbe Coppock:	2.40

MA7:	21.9045
MA20:	21.7784
MA50:	21.1326
MA100:	20.7198
MAexp7:	21.8943
MAexp20:	21.7165
MAexp50:	21.2814
MAexp100:	20.7606
Price / MA7:	+0.05%
Price / MA20:	+0.63%
Price / MA50:	+3.71%
Price / MA100:	+5.77%
Price / MAexp7:	+0.10%
Price / MAexp20:	+0.92%
Price / MAexp50:	+2.98%
Price / MAexp100:	+5.57%

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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