CHF/TRY - 1H - Technical analysis published on 11/08/2023 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 31.4134 TRY
My targets
31.7006 TRY (+0.0401)
31.8561 TRY (+0.1956)
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 31.4134 TRY. The buyers' bullish objective is set at 31.7006 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 31.8561 TRY. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.6
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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 31.6605 TRY. The price registered a decrease of -0.02% on the session and was between 31.6250 TRY and 31.6800 TRY. This implies that the price is at +0.11% from its lowest and at -0.06% from its highest.31.6250
31.6800
31.6605
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 1H of this CHF/TRY chart shows a strongly bullish trend. 82.14% 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 bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 31.0800 | 31.2938 | 31.4134 | 31.6605 | 31.7006 | 31.8561 |
| Change (%) | -1.83% | -1.16% | -0.78% | - | +0.13% | +0.62% |
| Change | -0.5805 | -0.3667 | -0.2471 | - | +0.0401 | +0.1956 |
| Level | Major | Minor | Major | - | Minor | Intermediate |
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 | 31.2836 | 31.4353 | 31.5514 | 31.7031 | 31.8192 | 31.9709 | 32.0870 |
| Camarilla | 31.5938 | 31.6183 | 31.6429 | 31.6674 | 31.6920 | 31.7165 | 31.7411 |
| Woodie | 31.2657 | 31.4264 | 31.5335 | 31.6942 | 31.8013 | 31.9620 | 32.0691 |
| Fibonacci | 31.4353 | 31.5376 | 31.6008 | 31.7031 | 31.8054 | 31.8686 | 31.9709 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.6160 | 30.8462 | 31.2155 | 31.4457 | 31.8150 | 32.0452 | 32.4145 |
| Camarilla | 31.4200 | 31.4750 | 31.5300 | 31.5849 | 31.6399 | 31.6948 | 31.7498 |
| Woodie | 30.6857 | 30.8810 | 31.2852 | 31.4805 | 31.8847 | 32.0800 | 32.4842 |
| Fibonacci | 30.8462 | 31.0752 | 31.2167 | 31.4457 | 31.6747 | 31.8162 | 32.0452 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.9981 | 28.8738 | 29.9901 | 30.8658 | 31.9821 | 32.8578 | 33.9741 |
| Camarilla | 30.5585 | 30.7411 | 30.9237 | 31.1063 | 31.2889 | 31.4715 | 31.6541 |
| Woodie | 28.1183 | 28.9340 | 30.1103 | 30.9260 | 32.1023 | 32.9180 | 34.0943 |
| Fibonacci | 28.8738 | 29.6348 | 30.1049 | 30.8658 | 31.6268 | 32.0969 | 32.8578 |
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): | 52.58 | |
| MACD (12,26,9): | 0.0061 | |
| Directional Movement: | 9.3923 | |
| AROON (14): | 7.1428 | |
| DEMA (21): | 31.6579 | |
| Parabolic SAR (0,02-0,02-0,2): | 31.7835 | |
| Elder Ray (13): | 0.0070 | |
| Super Trend (3,10): | 31.5674 | |
| Zig ZAG (10): | 31.6607 | |
| VORTEX (21): | 1.0670 | |
| Stochastique (14,3,5): | 47.50 | |
| TEMA (21): | 31.6553 | |
| Williams %R (14): | -50.31 | |
| Chande Momentum Oscillator (20): | 0.0058 | |
| Repulse (5,40,3): | 0.0109 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0015 | |
| Courbe Coppock: | 0.13 |
| MA7: | 31.4720 | |
| MA20: | 31.2988 | |
| MA50: | 30.5919 | |
| MA100: | 30.4213 | |
| MAexp7: | 31.6581 | |
| MAexp20: | 31.6498 | |
| MAexp50: | 31.6226 | |
| MAexp100: | 31.5509 | |
| Price / MA7: | +0.60% | |
| Price / MA20: | +1.16% | |
| Price / MA50: | +3.49% | |
| Price / MA100: | +4.07% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.35% |
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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