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CHF/TRY
CHF TRY
- TRY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CHFTRY
ISIN:

CHF/TRY - 1H - Technical analysis published on 12/05/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 19.8306 TRY
My targets
19.9994 TRY (+0.1037)
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 above the support located at 19.8306 TRY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 19.9994 TRY would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 19.8306 TRY were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CHF/TRY rating is 19.8957 TRY. The price registered a decrease of -0.04% on the session and was traded between 19.8438 TRY and 19.9745 TRY over the period. The price is currently at +0.26% from its lowest and -0.39% from its highest.

19.8438
19.9745
19.8957

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CHF/TRY:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 this 1H chart of CHF/TRY indicates that the overall trend is bullish. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 19.5942 19.7431 19.8306 19.8957 19.9125 19.9994
Change (%) -1.52% -0.77% -0.33% - +0.08% +0.52%
Change -0.3015 -0.1526 -0.0651 - +0.0168 +0.1037
Level Minor Intermediate Minor - Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.509219.626519.764719.882020.020220.137520.2757
Camarilla19.832519.856019.879419.902819.926219.949619.9731
Woodie19.519619.631719.775119.887220.030620.142720.2861
Fibonacci19.626519.724119.784419.882019.979620.039920.1375


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.090519.291619.597219.798320.103920.305020.6106
Camarilla19.763519.809919.856419.902819.949319.995720.0421
Woodie19.142819.317719.649519.824420.156220.331120.6629
Fibonacci19.291619.485219.604719.798319.991920.111420.3050


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.181117.751618.747019.317520.312920.883421.8788
Camarilla19.311719.455219.598819.742319.885820.029420.1729
Woodie17.393517.857818.959419.423720.525320.989622.0912
Fibonacci17.751618.349818.719419.317519.915720.285320.8834

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): 49.93
MACD (12,26,9): 0.0156
Directional Movement: 3.9796
AROON (14): 71.4286
DEMA (21): 19.9351
Parabolic SAR (0,02-0,02-0,2): 19.8274
Elder Ray (13): 0.0088
Super Trend (3,10): 19.9681
Zig ZAG (10): 19.9069
VORTEX (21): 0.9925
Stochastique (14,3,5): 62.69
TEMA (21): 19.9316
Williams %R (14): -63.89
Chande Momentum Oscillator (20): -0.0070
Repulse (5,40,3): -0.1611
ROCnROLL: -1
TRIX (15,9): 0.0110
Courbe Coppock: 0.42
MA7: 19.7584
MA20: 19.5816
MA50: 19.0332
MA100: 18.8961
MAexp7: 19.9257
MAexp20: 19.9138
MAexp50: 19.8722
MAexp100: 19.8084
Price / MA7: +0.69%
Price / MA20: +1.60%
Price / MA50: +4.53%
Price / MA100: +5.29%
Price / MAexp7: -0.15%
Price / MAexp20: -0.09%
Price / MAexp50: +0.12%
Price / MAexp100: +0.44%

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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Londinia AI

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