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 06/07/2023 (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

94%

My opinion

Bullish above 24.0936 TRY

My targets

25.0035 TRY (+0.4161)

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 24.0936 TRY. The buyers' bullish objective is set at 25.0035 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

9.1

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 rating is 24.5874 TRY. The price has increased by +1.57% since the last closing and was between 24.1497 TRY and 24.6219 TRY. This implies that the price is at +1.81% from its lowest and at -0.14% from its highest.

24.1497

24.6219

24.5874

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

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

In fact, 17 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Three white soldiers

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	19.9964	20.7337	22.0354	24.5874
Change (%)	-18.67%	-15.67%	-10.38%	-
Change	-4.5910	-3.8537	-2.5520	-
Level	Intermediate	Major	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	22.9505	23.2028	23.7046	23.9569	24.4587	24.7110	25.2128
Camarilla	23.9991	24.0683	24.1374	24.2065	24.2756	24.3448	24.4139
Woodie	23.0754	23.2652	23.8295	24.0193	24.5836	24.7734	25.3377
Fibonacci	23.2028	23.4908	23.6688	23.9569	24.2449	24.4229	24.7110

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.0512	21.5586	22.3513	22.8587	23.6514	24.1588	24.9515
Camarilla	22.7866	22.9058	23.0249	23.1441	23.2633	23.3825	23.5016
Woodie	21.1940	21.6299	22.4941	22.9300	23.7942	24.2301	25.0943
Fibonacci	21.5586	22.0552	22.3620	22.8587	23.3553	23.6621	24.1588

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.3832	21.0134	21.9233	22.5535	23.4634	24.0936	25.0035
Camarilla	22.4098	22.5510	22.6921	22.8333	22.9745	23.1157	23.2568
Woodie	20.5232	21.0833	22.0633	22.6234	23.6034	24.1635	25.1435
Fibonacci	21.0134	21.6017	21.9652	22.5535	23.1418	23.5053	24.0936

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):	88.54
MACD (12,26,9):	0.5568
Directional Movement:	43.2041
AROON (14):	100.0000
DEMA (21):	23.4012
Parabolic SAR (0,02-0,02-0,2):	22.8615
Elder Ray (13):	1.2605
Super Trend (3,10):	23.0049
Zig ZAG (10):	24.3838
VORTEX (21):	1.2794
Stochastique (14,3,5):	94.29
TEMA (21):	23.7251
Williams %R (14):	-2.70
Chande Momentum Oscillator (20):	2.3249
Repulse (5,40,3):	5.1306
ROCnROLL:	1
TRIX (15,9):	0.2175
Courbe Coppock:	13.31

MA7:	23.4168
MA20:	22.5098
MA50:	21.9665
MA100:	21.1998
MAexp7:	23.5329
MAexp20:	22.7574
MAexp50:	22.0579
MAexp100:	21.3869
Price / MA7:	+5.00%
Price / MA20:	+9.23%
Price / MA50:	+11.93%
Price / MA100:	+15.98%
Price / MAexp7:	+4.48%
Price / MAexp20:	+8.04%
Price / MAexp50:	+11.47%
Price / MAexp100:	+14.96%

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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