CHF/TRY
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)

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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%
0%
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
0
10
8.8

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. 1H Weekly

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:

Central Records

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:

Central Indicators

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:

Central Indicators

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:

Central Patterns

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
S3
S2
S1
Price


S3S2S1Price
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
Standard20.504220.618120.737020.850920.969821.083721.2026
Camarilla20.791820.813120.834520.855820.877120.898520.9198
Woodie20.506620.619420.739420.852220.972221.085021.2050
Fibonacci20.618120.707120.762020.850920.939920.994821.0837


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.800020.109020.408920.717921.017821.326821.6267
Camarilla20.541420.597220.653020.708820.764620.820420.8763
Woodie19.795520.106720.404420.715621.013321.324521.6222
Fibonacci20.109020.341620.485320.717920.950521.094221.3268


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 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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