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 07/02/2023 (GMT)

152
0
0

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Analysis too old. There are no more charts available.

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bearish

Technical indicators

22%

39%

39%

My opinion

Neutral between 28.7684 TRY and 29.1301 TRY

My targets

-

My analysis

The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 29.1301 TRY. The first support is located at 28.7684 TRY. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by CHF/TRY.

In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.

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 29.0413 TRY. On the day, this instrument gained +0.87% and was between 29.0413 TRY and 29.0413 TRY. This implies that the price is at 0% from its lowest and at 0% from its highest.

29.0413

29.0413

29.0413

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

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CHF/TRY:

The Central Records scanner for higher/lower results shows the following items:

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

A technical analysis in 1H of this CHF/TRY chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. An assessment of moving averages reveals several bearish signals that could impact this trend:

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

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 these signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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:

Long black line

Type : Bearish

Timeframe : 1 hour

ProTrendLines

S3

S2

S1

R1

Price

	S3	S2	S1	Price	R1
ProTrendLines	27.7052	28.2202	28.7278	29.0413	29.1301
Change (%)	-4.60%	-2.83%	-1.08%	-	+0.31%
Change	-1.3361	-0.8211	-0.3135	-	+0.0888
Level	Minor	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	28.2301	28.4958	28.6430	28.9087	29.0559	29.3216	29.4688
Camarilla	28.6768	28.7146	28.7525	28.7903	28.8282	28.8660	28.9039
Woodie	28.1710	28.4662	28.5839	28.8791	28.9968	29.2920	29.4097
Fibonacci	28.4958	28.6535	28.7509	28.9087	29.0664	29.1638	29.3216

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27.1695	27.6952	28.2427	28.7684	29.3159	29.8416	30.3891
Camarilla	28.4952	28.5936	28.6919	28.7903	28.8887	28.9871	29.0854
Woodie	27.1805	27.7007	28.2537	28.7739	29.3269	29.8471	30.4001
Fibonacci	27.6952	28.1051	28.3584	28.7684	29.1783	29.4316	29.8416

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.0949	20.4354	24.6129	26.9534	31.1309	33.4714	37.6489
Camarilla	26.9979	27.5953	28.1928	28.7903	29.3878	29.9853	30.5828
Woodie	19.0133	20.8947	25.5313	27.4127	32.0493	33.9307	38.5673
Fibonacci	20.4354	22.9253	24.4636	26.9534	29.4433	30.9816	33.4714

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):	31.16
MACD (12,26,9):	0.0044
Directional Movement:	-21.8674
AROON (14):	-42.8571
DEMA (21):	29.0192
Parabolic SAR (0,02-0,02-0,2):	29.1743
Elder Ray (13):	-0.0674
Super Trend (3,10):	29.2199
Zig ZAG (10):	28.7903
VORTEX (21):	0.8536
Stochastique (14,3,5):	47.06
TEMA (21):	29.0276
Williams %R (14):	-93.00
Chande Momentum Oscillator (20):	-0.1375
Repulse (5,40,3):	-1.3545
ROCnROLL:	2
TRIX (15,9):	0.0057
Courbe Coppock:	0.46

MA7:	28.7105
MA20:	26.8297
MA50:	23.9796
MA100:	22.3694
MAexp7:	29.0056
MAexp20:	29.0129
MAexp50:	29.0011
MAexp100:	28.8411
Price / MA7:	+1.15%
Price / MA20:	+8.24%
Price / MA50:	+21.11%
Price / MA100:	+29.83%
Price / MAexp7:	+0.12%
Price / MAexp20:	+0.10%
Price / MAexp50:	+0.14%
Price / MAexp100:	+0.69%

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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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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