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 03/08/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 20.2150 TRY
My targets
19.9985 TRY (-0.0824)
19.9646 TRY (-0.1163)
My analysis
CHF/TRY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 20.2150 TRY. The next support located at 19.9985 TRY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 19.9646 TRY. Below this support, sellers could then target 19.1231 TRY.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.1

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.

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 price is 20.0809 TRY. The price registered an increase of +0.00% on the session and was traded between 20.0492 TRY and 20.0941 TRY over the period. The price is currently at +0.16% from its lowest and -0.07% from its highest.

20.0492
20.0941
20.0809

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 bearish. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour



Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


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:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 19.9646 19.9985 20.0751 20.0809 20.2150 20.3013 20.3691
Change (%) -0.58% -0.41% -0.03% - +0.67% +1.10% +1.44%
Change -0.1163 -0.0824 -0.0058 - +0.1341 +0.2204 +0.2882
Level Minor Major Intermediate - Major Minor Minor



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
Standard19.686219.880219.981020.175020.275820.469820.5706
Camarilla20.000620.027720.054720.081720.108720.135820.1628
Woodie19.639519.856919.934320.151720.229120.446520.5239
Fibonacci19.880219.992920.062420.175020.287720.357220.4698


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.688319.819519.954720.085920.221120.352320.4875
Camarilla20.016720.041220.065620.090020.114420.138820.1633
Woodie19.690419.820519.956820.086920.223220.353320.4896
Fibonacci19.819519.921219.984120.085920.187620.250520.3523


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.943319.454019.752120.262820.560921.071621.3697
Camarilla19.827919.902019.976220.050320.124420.198620.2727
Woodie18.837119.400919.645920.209720.454721.018521.2635
Fibonacci19.454019.762919.953820.262820.571720.762621.0716

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): 30.62
MACD (12,26,9): -0.0481
Directional Movement: -15.9267
AROON (14): -92.8571
DEMA (21): 20.0581
Parabolic SAR (0,02-0,02-0,2): 20.0784
Elder Ray (13): -0.0282
Super Trend (3,10): 20.1513
Zig ZAG (10): 20.0648
VORTEX (21): 0.6960
Stochastique (14,3,5): 12.20
TEMA (21): 20.0272
Williams %R (14): -81.82
Chande Momentum Oscillator (20): -0.0479
Repulse (5,40,3): -0.0413
ROCnROLL: 2
TRIX (15,9): -0.0349
Courbe Coppock: 1.08
MA7: 20.1070
MA20: 20.2551
MA50: 20.3114
MA100: 19.8961
MAexp7: 20.0710
MAexp20: 20.1193
MAexp50: 20.1662
MAexp100: 20.1688
Price / MA7: -0.13%
Price / MA20: -0.86%
Price / MA50: -1.13%
Price / MA100: +0.93%
Price / MAexp7: +0.05%
Price / MAexp20: -0.19%
Price / MAexp50: -0.42%
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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