CHF/TRY - Daily - Technical analysis published on 10/31/2022 (GMT)
- 186
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
44%
11%
44%
My opinion
Neutral between 18.1544 TRY and 19.1031 TRY
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on CHF/TRY. It is difficult to advise a trading direction under these conditions. The first resistance is located at 19.1031 TRY. The first support is located at 18.1544 TRY. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/TRY rating is 18.6645 TRY. The price registered an increase of +0.00% on the session and was traded between 18.6362 TRY and 18.7274 TRY over the period. The price is currently at +0.15% from its lowest and -0.34% from its highest.18.6362
18.7274
18.6645
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 CHF/TRY in Daily shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 15.0931 | 16.0052 | 18.1544 | 18.6645 | 19.1031 |
| Change (%) | -19.13% | -14.25% | -2.73% | - | +2.35% |
| Change | -3.5714 | -2.6593 | -0.5101 | - | +0.4386 |
| Level | Minor | Major | Major | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.3761 | 18.5042 | 18.5847 | 18.7128 | 18.7933 | 18.9214 | 19.0019 |
| Camarilla | 18.6077 | 18.6269 | 18.6460 | 18.6651 | 18.6842 | 18.7033 | 18.7225 |
| Woodie | 18.3522 | 18.4923 | 18.5608 | 18.7009 | 18.7694 | 18.9095 | 18.9780 |
| Fibonacci | 18.5042 | 18.5839 | 18.6332 | 18.7128 | 18.7925 | 18.8418 | 18.9214 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.9799 | 18.2179 | 18.4415 | 18.6795 | 18.9031 | 19.1411 | 19.3647 |
| Camarilla | 18.5382 | 18.5805 | 18.6228 | 18.6651 | 18.7074 | 18.7497 | 18.7920 |
| Woodie | 17.9727 | 18.2143 | 18.4343 | 18.6759 | 18.8959 | 19.1375 | 19.3575 |
| Fibonacci | 18.2179 | 18.3942 | 18.5032 | 18.6795 | 18.8558 | 18.9648 | 19.1411 |
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): | 48.66 | |
| MACD (12,26,9): | -0.0129 | |
| Directional Movement: | -4.9095 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 18.6614 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.4240 | |
| Elder Ray (13): | 0.0018 | |
| Super Trend (3,10): | 19.1954 | |
| Zig ZAG (10): | 18.6625 | |
| VORTEX (21): | 0.9937 | |
| Stochastique (14,3,5): | 64.24 | |
| TEMA (21): | 18.6526 | |
| Williams %R (14): | -43.40 | |
| Chande Momentum Oscillator (20): | 0.1340 | |
| Repulse (5,40,3): | -0.3474 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0285 | |
| Courbe Coppock: | 0.20 |
| MA7: | 18.7015 | |
| MA20: | 18.6563 | |
| MA50: | 18.7438 | |
| MA100: | 18.4686 | |
| MAexp7: | 18.6908 | |
| MAexp20: | 18.6863 | |
| MAexp50: | 18.6442 | |
| MAexp100: | 18.2228 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | +0.04% | |
| Price / MA50: | -0.42% | |
| Price / MA100: | +1.06% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +2.42% |
Quotes :
-
Real time data
-
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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