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 08/13/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

28%

44%

My opinion

Bullish above 30.4529 TRY

My targets

31.4134 TRY (+0.5626)

My analysis

The basic bullish trend is very strong on CHF/TRY but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 30.4529 TRY. Crossing the first resistance at 31.4134 TRY would be a sign of a potential new surge in the price. Caution, a return to below 30.4529 TRY would be a sign of a consolidation phase in the short-term basic trend. 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.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

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 30.8508 TRY. On the day, this instrument gained +0.77% and was traded between 30.7642 TRY and 30.8773 TRY over the period. The price is currently at +0.28% from its lowest and -0.09% from its highest.

30.7642

30.8773

30.8508

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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

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 CHF/TRY in Daily shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Support of channel is broken

Type : Bearish

Timeframe : Daily

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	20.7337	21.8094	26.2120	30.8508	31.4134
Change (%)	-32.79%	-29.31%	-15.04%	-	+1.82%
Change	-10.1171	-9.0414	-4.6388	-	+0.5626
Level	Major	Intermediate	Minor	-	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	30.1516	30.3840	30.5002	30.7326	30.8488	31.0812	31.1974
Camarilla	30.5205	30.5525	30.5845	30.6164	30.6484	30.6803	30.7123
Woodie	30.0935	30.3550	30.4421	30.7036	30.7907	31.0522	31.1393
Fibonacci	30.3840	30.5172	30.5994	30.7326	30.8658	30.9480	31.0812

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.1836	29.7107	30.1635	30.6906	31.1434	31.6705	32.1233
Camarilla	30.3469	30.4368	30.5266	30.6164	30.7062	30.7961	30.8859
Woodie	29.1466	29.6921	30.1265	30.6720	31.1064	31.6519	32.0863
Fibonacci	29.7107	30.0850	30.3162	30.6906	31.0649	31.2961	31.6705

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.1844	27.4570	29.1803	30.4529	32.1762	33.4488	35.1721
Camarilla	30.0797	30.3544	30.6290	30.9036	31.1782	31.4529	31.7275
Woodie	26.4098	27.5697	29.4057	30.5656	32.4016	33.5615	35.3975
Fibonacci	27.4570	28.6014	29.3085	30.4529	31.5973	32.3044	33.4488

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):	58.77
MACD (12,26,9):	0.4950
Directional Movement:	5.5693
AROON (14):	-64.2857
DEMA (21):	31.4116
Parabolic SAR (0,02-0,02-0,2):	31.6666
Elder Ray (13):	-0.0049
Super Trend (3,10):	29.7697
Zig ZAG (10):	30.6164
VORTEX (21):	1.0453
Stochastique (14,3,5):	41.99
TEMA (21):	30.8945
Williams %R (14):	-70.41
Chande Momentum Oscillator (20):	-0.6104
Repulse (5,40,3):	-1.5482
ROCnROLL:	-1
TRIX (15,9):	0.3413
Courbe Coppock:	1.25

MA7:	30.8395
MA20:	30.9596
MA50:	29.0319
MA100:	25.4034
MAexp7:	30.8115
MAexp20:	30.5968
MAexp50:	28.8816
MAexp100:	26.4887
Price / MA7:	+0.04%
Price / MA20:	-0.35%
Price / MA50:	+6.27%
Price / MA100:	+21.44%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.83%
Price / MAexp50:	+6.82%
Price / MAexp100:	+16.47%

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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