CHF/TRY - 1H - Technical analysis published on 10/27/2023 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 31.4134 TRY
My targets
31.2788 TRY (-0.0519)
31.0983 TRY (-0.2324)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/TRY as long as the price remains well below 31.4134 TRY. The next bearish objective for sellers is set at 31.2788 TRY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 31.0983 TRY. If there is any crossing, the next objective would be the support located at 30.8620 TRY. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/TRY rating 31.3307 TRY. The price registered a decrease of -0.01% on the session and was between 31.3153 TRY and 31.3569 TRY. This implies that the price is at +0.05% from its lowest and at -0.08% from its highest.31.3153
31.3569
31.3307
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
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 1H chart of CHF/TRY indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 30.8620 | 31.0983 | 31.2788 | 31.3307 | 31.4134 | 31.6050 | 31.7416 |
| Change (%) | -1.50% | -0.74% | -0.17% | - | +0.26% | +0.88% | +1.31% |
| Change | -0.4687 | -0.2324 | -0.0519 | - | +0.0827 | +0.2743 | +0.4109 |
| Level | Minor | Minor | Major | - | Major | 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 | 31.0067 | 31.1417 | 31.2372 | 31.3722 | 31.4677 | 31.6027 | 31.6982 |
| Camarilla | 31.2692 | 31.2903 | 31.3115 | 31.3326 | 31.3537 | 31.3749 | 31.3960 |
| Woodie | 30.9869 | 31.1318 | 31.2174 | 31.3623 | 31.4479 | 31.5928 | 31.6784 |
| Fibonacci | 31.1417 | 31.2298 | 31.2842 | 31.3722 | 31.4603 | 31.5147 | 31.6027 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.4605 | 29.9925 | 30.6775 | 31.2095 | 31.8945 | 32.4265 | 33.1115 |
| Camarilla | 31.0277 | 31.1393 | 31.2508 | 31.3624 | 31.4740 | 31.5855 | 31.6971 |
| Woodie | 29.5369 | 30.0308 | 30.7539 | 31.2478 | 31.9709 | 32.4648 | 33.1879 |
| Fibonacci | 29.9925 | 30.4574 | 30.7446 | 31.2095 | 31.6744 | 31.9616 | 32.4265 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.2250 | 28.8001 | 29.3756 | 29.9507 | 30.5262 | 31.1013 | 31.6768 |
| Camarilla | 29.6347 | 29.7402 | 29.8456 | 29.9511 | 30.0566 | 30.1620 | 30.2675 |
| Woodie | 28.2252 | 28.8002 | 29.3758 | 29.9508 | 30.5264 | 31.1014 | 31.6770 |
| Fibonacci | 28.8001 | 29.2396 | 29.5112 | 29.9507 | 30.3902 | 30.6618 | 31.1013 |
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): | 45.90 | |
| MACD (12,26,9): | -0.0121 | |
| Directional Movement: | 11.8518 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 31.3162 | |
| Parabolic SAR (0,02-0,02-0,2): | 31.2947 | |
| Elder Ray (13): | -0.0045 | |
| Super Trend (3,10): | 31.4410 | |
| Zig ZAG (10): | 31.3285 | |
| VORTEX (21): | 0.9868 | |
| Stochastique (14,3,5): | 22.21 | |
| TEMA (21): | 31.3245 | |
| Williams %R (14): | -77.57 | |
| Chande Momentum Oscillator (20): | -0.0550 | |
| Repulse (5,40,3): | -0.1354 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0069 | |
| Courbe Coppock: | 0.08 |
| MA7: | 31.4084 | |
| MA20: | 30.8495 | |
| MA50: | 30.4124 | |
| MA100: | 30.0088 | |
| MAexp7: | 31.3275 | |
| MAexp20: | 31.3349 | |
| MAexp50: | 31.3645 | |
| MAexp100: | 31.3613 | |
| Price / MA7: | -0.25% | |
| Price / MA20: | +1.56% | |
| Price / MA50: | +3.02% | |
| Price / MA100: | +4.41% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.10% |
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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