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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 08/10/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 30.8249 TRY
My targets
30.9740 TRY (+0.0320)
31.2176 TRY (+0.2756)
My analysis
CHF/TRY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 30.8249 TRY. The next resistance located at 30.9740 TRY is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 31.2176 TRY. After this resistance, buyers could then target 31.4134 TRY.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.2

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 30.9420 TRY. On the day, this instrument gained +0.51% with the lowest point at 30.7556 TRY and the highest point at 30.9458 TRY. The deviation from the price is +0.61% for the low point and -0.01% for the high point.

30.7556
30.9458
30.9420

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



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CHF/TRY indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour



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

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour



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

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

Type : Bearish

Timeframe : 1 hour


Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 30.6311 30.7645 30.8249 30.9420 30.9495 31.2176 31.4134
Change (%) -1.00% -0.57% -0.38% - +0.02% +0.89% +1.52%
Change -0.3109 -0.1775 -0.1171 - +0.0075 +0.2756 +0.4714
Level Minor Intermediate Minor - 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
Standard29.295429.766630.275330.746531.255231.726432.2351
Camarilla30.514630.604530.694330.784130.873930.963831.0536
Woodie29.314329.776030.294230.755931.274131.735832.2540
Fibonacci29.766630.140930.372130.746531.120831.352031.7264


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard29.795130.213130.556030.974031.316931.734932.0778
Camarilla30.689730.759430.829230.898930.968731.038431.1082
Woodie29.757630.194330.518530.955231.279431.716132.0403
Fibonacci30.213130.503830.683330.974031.264731.444231.7349


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard26.184427.457029.180330.452932.176233.448835.1721
Camarilla30.079730.354430.629030.903631.178231.452931.7275
Woodie26.409827.569729.405730.565632.401633.561535.3975
Fibonacci27.457028.601429.308530.452931.597332.304433.4488

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 63.93
MACD (12,26,9): 0.0034
Directional Movement: -3.4316
AROON (14): 64.2857
DEMA (21): 30.8249
Parabolic SAR (0,02-0,02-0,2): 30.2503
Elder Ray (13): 0.0625
Super Trend (3,10): 30.6547
Zig ZAG (10): 30.9315
VORTEX (21): 1.0126
Stochastique (14,3,5): 97.97
TEMA (21): 30.8396
Williams %R (14): -1.49
Chande Momentum Oscillator (20): 0.1393
Repulse (5,40,3): 0.3898
ROCnROLL: 1
TRIX (15,9): -0.0063
Courbe Coppock: 0.21
MA7: 30.8574
MA20: 30.9479
MA50: 28.8824
MA100: 25.3044
MAexp7: 30.8501
MAexp20: 30.8271
MAexp50: 30.8378
MAexp100: 30.8518
Price / MA7: +0.27%
Price / MA20: -0.02%
Price / MA50: +7.13%
Price / MA100: +22.28%
Price / MAexp7: +0.30%
Price / MAexp20: +0.37%
Price / MAexp50: +0.34%
Price / MAexp100: +0.29%

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
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