CHF/TRY

- TRY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CHFTRY
ISIN:

CHF/TRY - 1H - Technical analysis published on 12/03/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 33.2203 TRY

My targets

33.4338 TRY (+0.1557)

33.6566 TRY (+0.3785)

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 33.2203 TRY. The buyers' bullish objective is set at 33.4338 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 33.6566 TRY. If there is any crossing, the next objective would be the resistance located at 34.0217 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, 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

8.2

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 33.2781 TRY. The price registered an increase of +0.20% on the session and was traded between 33.2781 TRY and 33.2781 TRY over the period. The price is currently at 0% from its lowest and 0% from its highest.

33.2781

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 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

Technical analysis of this 1H chart of CHF/TRY indicates that the overall trend is strongly bullish. 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.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	32.6911	32.9019	33.2203	33.2781
Change (%)	-1.76%	-1.13%	-0.17%	-
Change	-0.5870	-0.3762	-0.0578	-
Level	Minor	Intermediate	Intermediate	-

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	32.7023	32.8363	33.0236	33.1576	33.3449	33.4789	33.6662
Camarilla	33.1226	33.1521	33.1816	33.2110	33.2405	33.2699	33.2994
Woodie	32.7291	32.8496	33.0504	33.1709	33.3717	33.4922	33.6930
Fibonacci	32.8363	32.9590	33.0348	33.1576	33.2803	33.3561	33.4789

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.2580	32.4808	32.8459	33.0687	33.4338	33.6566	34.0217
Camarilla	33.0493	33.1032	33.1571	33.2110	33.2649	33.3188	33.3727
Woodie	32.3292	32.5164	32.9171	33.1043	33.5050	33.6922	34.0929
Fibonacci	32.4808	32.7054	32.8441	33.0687	33.2933	33.4320	33.6566

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.5349	30.3085	31.6731	32.4467	33.8113	34.5849	35.9495
Camarilla	32.4497	32.6457	32.8417	33.0377	33.2337	33.4297	33.6257
Woodie	29.8304	30.4563	31.9686	32.5945	34.1068	34.7327	36.2450
Fibonacci	30.3085	31.1253	31.6299	32.4467	33.2635	33.7681	34.5849

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):	60.06
MACD (12,26,9):	0.0483
Directional Movement:	14.2808
AROON (14):	35.7143
DEMA (21):	33.1847
Parabolic SAR (0,02-0,02-0,2):	33.0246
Elder Ray (13):	0.0717
Super Trend (3,10):	33.0429
Zig ZAG (10):	33.2110
VORTEX (21):	1.1105
Stochastique (14,3,5):	79.91
TEMA (21):	33.2204
Williams %R (14):	-25.05
Chande Momentum Oscillator (20):	0.0928
Repulse (5,40,3):	-0.0481
ROCnROLL:	1
TRIX (15,9):	0.0123
Courbe Coppock:	0.76

MA7:	32.9329
MA20:	32.3774
MA50:	31.4089
MA100:	30.9794
MAexp7:	33.1965
MAexp20:	33.1305
MAexp50:	33.0756
MAexp100:	33.0003
Price / MA7:	+1.05%
Price / MA20:	+2.78%
Price / MA50:	+5.95%
Price / MA100:	+7.42%
Price / MAexp7:	+0.25%
Price / MAexp20:	+0.45%
Price / MAexp50:	+0.61%
Price / MAexp100:	+0.84%

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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