CHF/TRY - 1H - Technical analysis published on 01/22/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 6.0997 TRY
My targets
6.1402 TRY (+0.0268)
6.1692 TRY (+0.0558)
My analysis
The basic trend is bullish on CHF/TRY and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 6.0997 TRY. Sellers would then use the next support located at 6.0607 TRY as an objective. Crossing it would then enable sellers to target 6.0148 TRY. If there is a return to above the resistance located at 6.1402 TRY, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 6.1692 TRY and 6.9981 TRY by extension.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
0.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/TRY rating is 6.1134 TRY. The price registered an increase of -0.19% on the session and was traded between 6.1077 TRY and 6.1298 TRY over the period. The price is currently at +0.09% from its lowest and -0.27% from its highest.6.1077
6.1298
6.1134
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of CHF/TRY indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 6.0148 | 6.0607 | 6.0997 | 6.1134 | 6.1166 | 6.1402 | 6.1692 |
| Change (%) | -1.61% | -0.86% | -0.22% | - | +0.05% | +0.44% | +0.91% |
| Change | -0.0986 | -0.0527 | -0.0137 | - | +0.0032 | +0.0268 | +0.0558 |
| Level | Intermediate | Intermediate | Major | - | 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 | 6.0689 | 6.0862 | 6.1057 | 6.1230 | 6.1425 | 6.1598 | 6.1793 |
| Camarilla | 6.1152 | 6.1186 | 6.1219 | 6.1253 | 6.1287 | 6.1321 | 6.1354 |
| Woodie | 6.0701 | 6.0868 | 6.1069 | 6.1236 | 6.1437 | 6.1604 | 6.1805 |
| Fibonacci | 6.0862 | 6.1002 | 6.1089 | 6.1230 | 6.1370 | 6.1457 | 6.1598 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.9240 | 5.9693 | 6.0258 | 6.0711 | 6.1276 | 6.1729 | 6.2294 |
| Camarilla | 6.0544 | 6.0637 | 6.0731 | 6.0824 | 6.0917 | 6.1011 | 6.1104 |
| Woodie | 5.9297 | 5.9721 | 6.0315 | 6.0739 | 6.1333 | 6.1757 | 6.2351 |
| Fibonacci | 5.9693 | 6.0082 | 6.0322 | 6.0711 | 6.1100 | 6.1340 | 6.1729 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.4322 | 5.5831 | 5.8681 | 6.0190 | 6.3040 | 6.4549 | 6.7399 |
| Camarilla | 6.0332 | 6.0732 | 6.1131 | 6.1531 | 6.1931 | 6.2330 | 6.2730 |
| Woodie | 5.4993 | 5.6166 | 5.9352 | 6.0525 | 6.3711 | 6.4884 | 6.8070 |
| Fibonacci | 5.5831 | 5.7496 | 5.8525 | 6.0190 | 6.1855 | 6.2884 | 6.4549 |
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): | 53.51 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | -6.4409 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 6.1255 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.1318 | |
| Elder Ray (13): | -0.0028 | |
| Super Trend (3,10): | 6.1083 | |
| Zig ZAG (10): | 6.1261 | |
| VORTEX (21): | 0.9791 | |
| Stochastique (14,3,5): | 39.19 | |
| TEMA (21): | 6.1206 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | -0.0130 | |
| Repulse (5,40,3): | -0.2290 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0050 | |
| Courbe Coppock: | 0.31 |
| MA7: | 6.0984 | |
| MA20: | 6.1043 | |
| MA50: | 5.9630 | |
| MA100: | 5.8811 | |
| MAexp7: | 6.1197 | |
| MAexp20: | 6.1229 | |
| MAexp50: | 6.1159 | |
| MAexp100: | 6.1050 | |
| Price / MA7: | +0.25% | |
| Price / MA20: | +0.15% | |
| Price / MA50: | +2.52% | |
| Price / MA100: | +3.95% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | +0.14% |
This member declared not having a position on this financial instrument or a related financial instrument.
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