CHF/TRY - 1H - Technical analysis published on 02/05/2020 (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:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 6.1692 TRY
My targets
6.1131 TRY (-0.0407)
6.0997 TRY (-0.0541)
My analysis
The bearish trend is currently very strong for CHF/TRY. As long as the price remains below the resistance at 6.1692 TRY, you could try to take advantage of the bearish rally. The first bearish objective is located at 6.1131 TRY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 6.0997 TRY as an objective. Crossing it would then enable sellers to target 6.0412 TRY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.3
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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
CHF/TRY rating 6.1538 TRY. The price has increased by -0.24% since the last closing with the lowest point at 6.1421 TRY and the highest point at 6.1863 TRY. The deviation from the price is +0.19% for the low point and -0.53% for the high point.6.1421
6.1863
6.1538
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:
Technical
A technical analysis in 1H of this CHF/TRY chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.0997 | 6.1131 | 6.1490 | 6.1538 | 6.1692 | 6.1877 | 6.1978 |
| Change (%) | -0.88% | -0.66% | -0.08% | - | +0.25% | +0.55% | +0.72% |
| Change | -0.0541 | -0.0407 | -0.0048 | - | +0.0154 | +0.0339 | +0.0440 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Minor |
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 | 6.1009 | 6.1260 | 6.1471 | 6.1722 | 6.1933 | 6.2184 | 6.2395 |
| Camarilla | 6.1556 | 6.1598 | 6.1641 | 6.1683 | 6.1725 | 6.1768 | 6.1810 |
| Woodie | 6.0990 | 6.1250 | 6.1452 | 6.1712 | 6.1914 | 6.2174 | 6.2376 |
| Fibonacci | 6.1260 | 6.1436 | 6.1545 | 6.1722 | 6.1898 | 6.2007 | 6.2184 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.0116 | 6.0537 | 6.1314 | 6.1735 | 6.2512 | 6.2933 | 6.3710 |
| Camarilla | 6.1762 | 6.1871 | 6.1981 | 6.2091 | 6.2201 | 6.2311 | 6.2420 |
| Woodie | 6.0294 | 6.0626 | 6.1492 | 6.1824 | 6.2690 | 6.3022 | 6.3888 |
| Fibonacci | 6.0537 | 6.0995 | 6.1277 | 6.1735 | 6.2193 | 6.2475 | 6.2933 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8761 | 5.9453 | 6.0772 | 6.1464 | 6.2783 | 6.3475 | 6.4794 |
| Camarilla | 6.1538 | 6.1722 | 6.1907 | 6.2091 | 6.2275 | 6.2460 | 6.2644 |
| Woodie | 5.9075 | 5.9610 | 6.1086 | 6.1621 | 6.3097 | 6.3632 | 6.5108 |
| Fibonacci | 5.9453 | 6.0221 | 6.0696 | 6.1464 | 6.2232 | 6.2707 | 6.3475 |
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): | 39.90 | |
| MACD (12,26,9): | -0.0055 | |
| Directional Movement: | -18.0338 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 6.1586 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.1804 | |
| Elder Ray (13): | -0.0095 | |
| Super Trend (3,10): | 6.1838 | |
| Zig ZAG (10): | 6.1521 | |
| VORTEX (21): | 0.9694 | |
| Stochastique (14,3,5): | 19.48 | |
| TEMA (21): | 6.1577 | |
| Williams %R (14): | -72.85 | |
| Chande Momentum Oscillator (20): | -0.0156 | |
| Repulse (5,40,3): | -0.0422 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0093 | |
| Courbe Coppock: | 0.19 |
| MA7: | 6.1611 | |
| MA20: | 6.1151 | |
| MA50: | 6.0382 | |
| MA100: | 5.9196 | |
| MAexp7: | 6.1599 | |
| MAexp20: | 6.1651 | |
| MAexp50: | 6.1724 | |
| MAexp100: | 6.1704 | |
| Price / MA7: | -0.12% | |
| Price / MA20: | +0.63% | |
| Price / MA50: | +1.91% | |
| Price / MA100: | +3.96% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.27% |
This member declared not having a position on this financial instrument or a related financial instrument.
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