CHF/TRY - 1H - Technical analysis published on 11/24/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 19.7371 TRY
My targets
19.8304 TRY (+0.0499)
19.8881 TRY (+0.1076)
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 19.7371 TRY. The buyers' bullish objective is set at 19.8304 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 19.8881 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 are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/TRY rating 19.7805 TRY. The price registered an increase of +0.00% on the session with the lowest point at 19.7213 TRY and the highest point at 19.8306 TRY. The deviation from the price is +0.30% for the low point and -0.25% for the high point.19.7213
19.8306
19.7805
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 (1 year)
Type : Bullish
Timeframe : Weekly
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 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
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 | 19.4687 | 19.5739 | 19.7371 | 19.7805 | 19.7878 | 19.8304 | 19.8881 |
| Change (%) | -1.58% | -1.04% | -0.22% | - | +0.04% | +0.25% | +0.54% |
| Change | -0.3118 | -0.2066 | -0.0434 | - | +0.0073 | +0.0499 | +0.1076 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 19.3618 | 19.4506 | 19.6158 | 19.7046 | 19.8698 | 19.9586 | 20.1238 |
| Camarilla | 19.7113 | 19.7345 | 19.7578 | 19.7811 | 19.8044 | 19.8277 | 19.8510 |
| Woodie | 19.4001 | 19.4697 | 19.6541 | 19.7237 | 19.9081 | 19.9777 | 20.1621 |
| Fibonacci | 19.4506 | 19.5476 | 19.6075 | 19.7046 | 19.8016 | 19.8615 | 19.9586 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.9325 | 19.2009 | 19.3514 | 19.6198 | 19.7703 | 20.0387 | 20.1892 |
| Camarilla | 19.3868 | 19.4252 | 19.4636 | 19.5020 | 19.5404 | 19.5788 | 19.6172 |
| Woodie | 18.8737 | 19.1714 | 19.2926 | 19.5903 | 19.7115 | 20.0092 | 20.1304 |
| Fibonacci | 19.2009 | 19.3609 | 19.4598 | 19.6198 | 19.7798 | 19.8787 | 20.0387 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.6000 | 17.9641 | 18.2773 | 18.6414 | 18.9546 | 19.3187 | 19.6319 |
| Camarilla | 18.4041 | 18.4662 | 18.5283 | 18.5904 | 18.6525 | 18.7146 | 18.7767 |
| Woodie | 17.5745 | 17.9514 | 18.2518 | 18.6287 | 18.9291 | 19.3060 | 19.6064 |
| Fibonacci | 17.9641 | 18.2229 | 18.3827 | 18.6414 | 18.9002 | 19.0600 | 19.3187 |
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): | 56.71 | |
| MACD (12,26,9): | 0.0266 | |
| Directional Movement: | 3.5758 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 19.7940 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.8048 | |
| Elder Ray (13): | -0.0060 | |
| Super Trend (3,10): | 19.7217 | |
| Zig ZAG (10): | 19.7678 | |
| VORTEX (21): | 1.0076 | |
| Stochastique (14,3,5): | 34.04 | |
| TEMA (21): | 19.7782 | |
| Williams %R (14): | -55.54 | |
| Chande Momentum Oscillator (20): | -0.0327 | |
| Repulse (5,40,3): | 0.1360 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0306 | |
| Courbe Coppock: | 0.06 |
| MA7: | 19.6093 | |
| MA20: | 19.1719 | |
| MA50: | 18.9076 | |
| MA100: | 18.7546 | |
| MAexp7: | 19.7624 | |
| MAexp20: | 19.7508 | |
| MAexp50: | 19.6816 | |
| MAexp100: | 19.6219 | |
| Price / MA7: | +0.87% | |
| Price / MA20: | +3.17% | |
| Price / MA50: | +4.62% | |
| Price / MA100: | +5.47% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.50% | |
| Price / MAexp100: | +0.81% |
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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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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