CHF/TRY - 1H - Technical analysis published on 12/03/2023 (GMT)
- 186
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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
72%
6%
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
0
10
8.2
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
33.2781
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:
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
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
S3
S2
S1
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.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis CHF/TRY - 1H