CHF/TRY

- TRY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CHFTRY
ISIN:

CHF/TRY - Daily - Technical analysis published on 03/30/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 20.7337 TRY

My targets

21.0716 TRY (+0.1403)

21.3697 TRY (+0.4384)

My analysis

The bullish trend is currently very strong on CHF/TRY. As long as the price remains above the support at 20.7337 TRY, you could try to benefit from the boom. The first bullish objective is located at 21.0716 TRY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 21.3697 TRY as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.8

Comment on the analysis

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:

Additional analysis

Quotes

The CHF/TRY price is 20.9313 TRY. The price registered an increase of +0.36% on the session and was between 20.8214 TRY and 20.9402 TRY. This implies that the price is at +0.53% from its lowest and at -0.04% from its highest.

20.8214

20.9402

20.9313

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CHF/TRY in Daily 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. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near horizontal support

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	19.1231	19.9964	20.7337	20.9313
Change (%)	-8.64%	-4.47%	-0.94%	-
Change	-1.8082	-0.9349	-0.1976	-
Level	Minor	Intermediate	Major	-

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	20.5042	20.6181	20.7370	20.8509	20.9698	21.0837	21.2026
Camarilla	20.7918	20.8131	20.8345	20.8558	20.8771	20.8985	20.9198
Woodie	20.5066	20.6194	20.7394	20.8522	20.9722	21.0850	21.2050
Fibonacci	20.6181	20.7071	20.7620	20.8509	20.9399	20.9948	21.0837

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.8000	20.1090	20.4089	20.7179	21.0178	21.3268	21.6267
Camarilla	20.5414	20.5972	20.6530	20.7088	20.7646	20.8204	20.8763
Woodie	19.7955	20.1067	20.4044	20.7156	21.0133	21.3245	21.6222
Fibonacci	20.1090	20.3416	20.4853	20.7179	20.9505	21.0942	21.3268

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.9433	19.4540	19.7521	20.2628	20.5609	21.0716	21.3697
Camarilla	19.8279	19.9020	19.9762	20.0503	20.1244	20.1986	20.2727
Woodie	18.8371	19.4009	19.6459	20.2097	20.4547	21.0185	21.2635
Fibonacci	19.4540	19.7629	19.9538	20.2628	20.5717	20.7626	21.0716

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):	62.29
MACD (12,26,9):	0.1457
Directional Movement:	8.1581
AROON (14):	64.2857
DEMA (21):	20.7937
Parabolic SAR (0,02-0,02-0,2):	20.6969
Elder Ray (13):	0.1769
Super Trend (3,10):	20.0751
Zig ZAG (10):	20.9313
VORTEX (21):	1.1271
Stochastique (14,3,5):	80.15
TEMA (21):	20.8879
Williams %R (14):	-12.42
Chande Momentum Oscillator (20):	0.1812
Repulse (5,40,3):	0.5266
ROCnROLL:	1
TRIX (15,9):	0.0745
Courbe Coppock:	4.43

MA7:	20.8155
MA20:	20.5631
MA50:	20.4411
MA100:	20.2124
MAexp7:	20.8005
MAexp20:	20.6225
MAexp50:	20.4273
MAexp100:	20.0687
Price / MA7:	+0.56%
Price / MA20:	+1.79%
Price / MA50:	+2.40%
Price / MA100:	+3.56%
Price / MAexp7:	+0.63%
Price / MAexp20:	+1.50%
Price / MAexp50:	+2.47%
Price / MAexp100:	+4.30%

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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