CHF/TRY - 1H - Technical analysis published on 06/23/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 9.4658 TRY
My targets
9.4045 TRY (-0.0235)
9.3503 TRY (-0.0777)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CHF/TRY. As long as you are under the resistance located at 9.4658 TRY, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 9.4045 TRY would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 9.3503 TRY as an objective. Crossing it would then enable sellers to target 9.2615 TRY. If the resistance 9.4658 TRY were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.1
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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 9.4280 TRY. The price has increased by +0.12% since the last closing and was between 9.3567 TRY and 9.4490 TRY. This implies that the price is at +0.76% from its lowest and at -0.22% from its highest.9.3567
9.4490
9.4280
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/TRY chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.2615 | 9.3503 | 9.4045 | 9.4280 | 9.4658 | 9.5111 | 9.5620 |
| Change (%) | -1.77% | -0.82% | -0.25% | - | +0.40% | +0.88% | +1.42% |
| Change | -0.1665 | -0.0777 | -0.0235 | - | +0.0378 | +0.0831 | +0.1340 |
| Level | Minor | Minor | Major | - | Major | Minor | 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 | 9.1816 | 9.2923 | 9.3546 | 9.4653 | 9.5276 | 9.6383 | 9.7006 |
| Camarilla | 9.3694 | 9.3853 | 9.4011 | 9.4170 | 9.4329 | 9.4487 | 9.4646 |
| Woodie | 9.1575 | 9.2802 | 9.3305 | 9.4532 | 9.5035 | 9.6262 | 9.6765 |
| Fibonacci | 9.2923 | 9.3584 | 9.3992 | 9.4653 | 9.5314 | 9.5722 | 9.6383 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.9417 | 9.0868 | 9.2720 | 9.4171 | 9.6023 | 9.7474 | 9.9326 |
| Camarilla | 9.3664 | 9.3967 | 9.4269 | 9.4572 | 9.4875 | 9.5178 | 9.5480 |
| Woodie | 8.9618 | 9.0968 | 9.2921 | 9.4271 | 9.6224 | 9.7574 | 9.9527 |
| Fibonacci | 9.0868 | 9.2130 | 9.2909 | 9.4171 | 9.5433 | 9.6212 | 9.7474 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.6014 | 8.8173 | 9.1347 | 9.3506 | 9.6680 | 9.8839 | 10.2013 |
| Camarilla | 9.3055 | 9.3544 | 9.4033 | 9.4522 | 9.5011 | 9.5500 | 9.5989 |
| Woodie | 8.6523 | 8.8427 | 9.1856 | 9.3760 | 9.7189 | 9.9093 | 10.2522 |
| Fibonacci | 8.8173 | 9.0210 | 9.1469 | 9.3506 | 9.5543 | 9.6802 | 9.8839 |
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): | 50.09 | |
| MACD (12,26,9): | -0.0141 | |
| Directional Movement: | -4.6695 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 9.3956 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.3686 | |
| Elder Ray (13): | 0.0129 | |
| Super Trend (3,10): | 9.4634 | |
| Zig ZAG (10): | 9.4261 | |
| VORTEX (21): | 1.0152 | |
| Stochastique (14,3,5): | 69.88 | |
| TEMA (21): | 9.4054 | |
| Williams %R (14): | -24.59 | |
| Chande Momentum Oscillator (20): | 0.0040 | |
| Repulse (5,40,3): | 0.1087 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0301 | |
| Courbe Coppock: | 0.12 |
| MA7: | 9.4823 | |
| MA20: | 9.5097 | |
| MA50: | 9.2902 | |
| MA100: | 8.7616 | |
| MAexp7: | 9.4176 | |
| MAexp20: | 9.4172 | |
| MAexp50: | 9.4472 | |
| MAexp100: | 9.4647 | |
| Price / MA7: | -0.57% | |
| Price / MA20: | -0.86% | |
| Price / MA50: | +1.48% | |
| Price / MA100: | +7.61% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.39% |
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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