CHF/TRY
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 02/24/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 6.2552 TRY
My targets
6.3197 TRY (+0.0425)
6.3841 TRY (+0.1069)
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 6.2552 TRY. The buyers” bullish objective is set at 6.3197 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.3841 TRY. If there is any crossing, the next objective would be the resistance located at 6.9981 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
8.8

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CHF/TRY price is 6.2772 TRY. The price has increased by +0.66% since the last closing and was traded between 6.2172 TRY and 6.2844 TRY over the period. The price is currently at +0.97% from its lowest and -0.11% from its highest.

6.2172
6.2844
6.2772

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New HIGH record (1 month)

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. 92.86% 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 currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 6.1862 6.2173 6.2552 6.2772 6.9981
Change (%) -1.45% -0.95% -0.35% - +11.48%
Change -0.0910 -0.0599 -0.0220 - +0.7209
Level Minor Minor Intermediate - Major



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
Standard6.15396.17806.20706.23116.26016.28426.3132
Camarilla6.22146.22636.23116.23606.24096.24576.2506
Woodie6.15646.17926.20956.23236.26266.28546.3157
Fibonacci6.17806.19836.21086.23116.25146.26396.2842


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.06526.10716.17156.21346.27786.31976.3841
Camarilla6.20686.21656.22636.23606.24576.25556.2652
Woodie6.07666.11276.18296.21906.28926.32536.3955
Fibonacci6.10716.14776.17286.21346.25406.27916.3197


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.87615.94536.07726.14646.27836.34756.4794
Camarilla6.15386.17226.19076.20916.22756.24606.2644
Woodie5.90755.96106.10866.16216.30976.36326.5108
Fibonacci5.94536.02216.06966.14646.22326.27076.3475

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): 68.47
MACD (12,26,9): 0.0128
Directional Movement: 20.9824
AROON (14): 57.1429
DEMA (21): 6.2630
Parabolic SAR (0,02-0,02-0,2): 6.2328
Elder Ray (13): 0.0171
Super Trend (3,10): 6.2345
Zig ZAG (10): 6.2777
VORTEX (21): 1.1049
Stochastique (14,3,5): 79.81
TEMA (21): 6.2681
Williams %R (14): -10.12
Chande Momentum Oscillator (20): 0.0309
Repulse (5,40,3): 0.2667
ROCnROLL: 1
TRIX (15,9): 0.0208
Courbe Coppock: 0.87
MA7: 6.2003
MA20: 6.1739
MA50: 6.1254
MA100: 5.9762
MAexp7: 6.2633
MAexp20: 6.2472
MAexp50: 6.2286
MAexp100: 6.2107
Price / MA7: +1.24%
Price / MA20: +1.67%
Price / MA50: +2.48%
Price / MA100: +5.04%
Price / MAexp7: +0.22%
Price / MAexp20: +0.48%
Price / MAexp50: +0.78%
Price / MAexp100: +1.07%

This member declared not having a position on this financial instrument or a related financial instrument.

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