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 06/28/2023 (GMT)

Timeframe : Daily
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 27.6713 TRY

My targets

My analysis

The bullish trend is currently very strong on CHF/TRY. As long as the price remains above the support at 27.6713 TRY, you could try to benefit from the boom. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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

8.9

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 29.1186 TRY. On the day, this instrument lost -0.01% and was traded between 29.0619 TRY and 29.2940 TRY over the period. The price is currently at +0.20% from its lowest and -0.60% from its highest.

29.0619

29.2940

29.1186

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CHF/TRY:

The Central Records scanner for higher/lower results shows the following items:

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

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 market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 90

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.

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

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

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	20.7337	22.0442	26.2773	29.1186
Change (%)	-28.80%	-24.30%	-9.76%	-
Change	-8.3849	-7.0744	-2.8413	-
Level	Intermediate	Intermediate	Intermediate	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.0011	28.2690	28.6948	28.9627	29.3885	29.6564	30.0822
Camarilla	28.9299	28.9935	29.0571	29.1207	29.1843	29.2479	29.3115
Woodie	28.0802	28.3085	28.7739	29.0022	29.4676	29.6959	30.1613
Fibonacci	28.2690	28.5340	28.6977	28.9627	29.2277	29.3914	29.6564

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.0533	25.1098	26.6148	27.6713	29.1763	30.2328	31.7378
Camarilla	27.4154	27.6502	27.8850	28.1198	28.3546	28.5894	28.8242
Woodie	24.2776	25.2219	26.8391	27.7834	29.4006	30.3449	31.9621
Fibonacci	25.1098	26.0883	26.6928	27.6713	28.6498	29.2543	30.2328

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	92.02
MACD (12,26,9):	1.5444
Directional Movement:	45.6184
AROON (14):	100.0000
DEMA (21):	28.4119
Parabolic SAR (0,02-0,02-0,2):	27.3598
Elder Ray (13):	1.8632
Super Trend (3,10):	27.3180
Zig ZAG (10):	29.1196
VORTEX (21):	1.5002
Stochastique (14,3,5):	96.60
TEMA (21):	29.1172
Williams %R (14):	-4.62
Chande Momentum Oscillator (20):	3.0743
Repulse (5,40,3):	3.3664
ROCnROLL:	1
TRIX (15,9):	0.8007
Courbe Coppock:	27.27

MA7:	27.9947
MA20:	26.2560
MA50:	23.6949
MA100:	22.2006
MAexp7:	28.2118
MAexp20:	26.4803
MAexp50:	24.4166
MAexp100:	22.8958
Price / MA7:	+4.01%
Price / MA20:	+10.90%
Price / MA50:	+22.89%
Price / MA100:	+31.16%
Price / MAexp7:	+3.21%
Price / MAexp20:	+9.96%
Price / MAexp50:	+19.26%
Price / MAexp100:	+27.18%

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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