CHF/TRY - 1H - Technical analysis published on 10/18/2022 (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:
Bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 18.5780 TRY
My targets
18.6915 TRY (+0.0363)
18.7392 TRY (+0.0840)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 18.5780 TRY remains possible. It is advisable to trade CHF/TRY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 18.5780 TRY. The next bullish objective for buyers is set at 18.6915 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 18.7392 TRY. If there is any crossing, the next objective would be the resistance located at 18.8129 TRY. PS: if there is a bearish break in the support located at 18.5780 TRY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
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
5.4
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Additional analysis
Quotes
The CHF/TRY price is 18.6552 TRY. The price is lower by -0.03% since the last closing and was traded between 18.6408 TRY and 18.7431 TRY over the period. The price is currently at +0.08% from its lowest and -0.47% from its highest.18.6408
18.7431
18.6552
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/TRY:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/TRY indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 18.4551 | 18.5142 | 18.5780 | 18.6552 | 18.6915 | 18.7392 | 18.8129 |
| Change (%) | -1.07% | -0.76% | -0.41% | - | +0.19% | +0.45% | +0.85% |
| Change | -0.2001 | -0.1410 | -0.0772 | - | +0.0363 | +0.0840 | +0.1577 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major | 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 | 18.3141 | 18.3957 | 18.5283 | 18.6099 | 18.7425 | 18.8241 | 18.9567 |
| Camarilla | 18.6020 | 18.6216 | 18.6413 | 18.6609 | 18.6805 | 18.7002 | 18.7198 |
| Woodie | 18.3396 | 18.4085 | 18.5538 | 18.6227 | 18.7680 | 18.8369 | 18.9822 |
| Fibonacci | 18.3957 | 18.4775 | 18.5281 | 18.6099 | 18.6917 | 18.7423 | 18.8241 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.0213 | 18.2310 | 18.3439 | 18.5536 | 18.6665 | 18.8762 | 18.9891 |
| Camarilla | 18.3680 | 18.3976 | 18.4271 | 18.4567 | 18.4863 | 18.5158 | 18.5454 |
| Woodie | 17.9728 | 18.2068 | 18.2954 | 18.5294 | 18.6180 | 18.8520 | 18.9406 |
| Fibonacci | 18.2310 | 18.3543 | 18.4304 | 18.5536 | 18.6769 | 18.7530 | 18.8762 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.5385 | 17.9985 | 18.3235 | 18.7835 | 19.1085 | 19.5685 | 19.8935 |
| Camarilla | 18.4326 | 18.5046 | 18.5765 | 18.6485 | 18.7205 | 18.7924 | 18.8644 |
| Woodie | 17.4710 | 17.9648 | 18.2560 | 18.7498 | 19.0410 | 19.5348 | 19.8260 |
| Fibonacci | 17.9985 | 18.2984 | 18.4836 | 18.7835 | 19.0834 | 19.2686 | 19.5685 |
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): | 62.43 | |
| MACD (12,26,9): | 0.0333 | |
| Directional Movement: | 17.3722 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 18.7040 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.6502 | |
| Elder Ray (13): | 0.0278 | |
| Super Trend (3,10): | 18.6023 | |
| Zig ZAG (10): | 18.6898 | |
| VORTEX (21): | 1.1751 | |
| Stochastique (14,3,5): | 70.23 | |
| TEMA (21): | 18.7162 | |
| Williams %R (14): | -43.26 | |
| Chande Momentum Oscillator (20): | 0.0248 | |
| Repulse (5,40,3): | -0.1598 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0265 | |
| Courbe Coppock: | 0.51 |
| MA7: | 18.5920 | |
| MA20: | 18.7213 | |
| MA50: | 18.7941 | |
| MA100: | 18.3447 | |
| MAexp7: | 18.6911 | |
| MAexp20: | 18.6607 | |
| MAexp50: | 18.6170 | |
| MAexp100: | 18.6117 | |
| Price / MA7: | +0.34% | |
| Price / MA20: | -0.35% | |
| Price / MA50: | -0.74% | |
| Price / MA100: | +1.69% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.24% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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