CHF/TRY - 1H - Technical analysis published on 12/28/2021 (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
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
72%
0%
28%
My opinion
Bullish above 12.6089 TRY
My targets
13.3642 TRY (+0.4104)
13.7375 TRY (+0.7837)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for CHF/TRY as long as the price remains well above 12.6089 TRY. The buyers' bullish objective is set at 13.3642 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13.7375 TRY. If there is any crossing, the next objective would be the resistance located at 14.6299 TRY.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.8
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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 price is 12.9538 TRY. The price registered an increase of +2.15% on the session with the lowest point at 12.5747 TRY and the highest point at 13.0380 TRY. The deviation from the price is +3.01% for the low point and -0.65% for the high point.12.5747
13.0380
12.9538
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
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 not clearly defined. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
Timeframe : 1 hour
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 | 10.4795 | 11.3520 | 12.6089 | 12.9538 | 13.7375 | 14.6299 | 17.0089 |
| Change (%) | -19.10% | -12.37% | -2.66% | - | +6.05% | +12.94% | +31.30% |
| Change | -2.4743 | -1.6018 | -0.3449 | - | +0.7837 | +1.6761 | +4.0551 |
| Level | Minor | Minor | Intermediate | - | 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 | 11.0327 | 11.3861 | 12.0339 | 12.3873 | 13.0351 | 13.3885 | 14.0363 |
| Camarilla | 12.4063 | 12.4981 | 12.5898 | 12.6816 | 12.7734 | 12.8652 | 12.9569 |
| Woodie | 11.1798 | 11.4597 | 12.1810 | 12.4609 | 13.1822 | 13.4621 | 14.1834 |
| Fibonacci | 11.3861 | 11.7686 | 12.0049 | 12.3873 | 12.7698 | 13.0061 | 13.3885 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.2700 | 5.4355 | 8.5484 | 14.2539 | 17.3668 | 23.0723 | 26.1852 |
| Camarilla | 9.2361 | 10.0445 | 10.8529 | 11.6612 | 12.4696 | 13.2779 | 14.0863 |
| Woodie | -1.5664 | 4.7874 | 7.2520 | 13.6058 | 16.0704 | 22.4242 | 24.8888 |
| Fibonacci | 5.4355 | 8.8042 | 10.8853 | 14.2539 | 17.6226 | 19.7037 | 23.0723 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.0594 | 8.7240 | 11.6996 | 13.3642 | 16.3398 | 18.0044 | 20.9800 |
| Camarilla | 13.3992 | 13.8245 | 14.2499 | 14.6752 | 15.1006 | 15.5259 | 15.9513 |
| Woodie | 7.7149 | 9.0518 | 12.3551 | 13.6920 | 16.9953 | 18.3322 | 21.6355 |
| Fibonacci | 8.7240 | 10.4966 | 11.5916 | 13.3642 | 15.1368 | 16.2318 | 18.0044 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.48 | |
| MACD (12,26,9): | 0.1179 | |
| Directional Movement: | 16.2609 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 12.7289 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.4398 | |
| Elder Ray (13): | 0.2287 | |
| Super Trend (3,10): | 12.2859 | |
| Zig ZAG (10): | 12.9232 | |
| VORTEX (21): | 1.0906 | |
| Stochastique (14,3,5): | 83.99 | |
| TEMA (21): | 12.8431 | |
| Williams %R (14): | -12.96 | |
| Chande Momentum Oscillator (20): | 0.3244 | |
| Repulse (5,40,3): | 0.8108 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1138 | |
| Courbe Coppock: | 4.07 |
| MA7: | 13.6044 | |
| MA20: | 14.7778 | |
| MA50: | 12.7205 | |
| MA100: | 11.0556 | |
| MAexp7: | 12.7409 | |
| MAexp20: | 12.5896 | |
| MAexp50: | 12.5727 | |
| MAexp100: | 13.0580 | |
| Price / MA7: | -4.78% | |
| Price / MA20: | -12.34% | |
| Price / MA50: | +1.83% | |
| Price / MA100: | +17.17% | |
| Price / MAexp7: | +1.67% | |
| Price / MAexp20: | +2.89% | |
| Price / MAexp50: | +3.03% | |
| Price / MAexp100: | -0.80% |
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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