CHF/TRY

- TRY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CHFTRY
ISIN:

CHF/TRY - Daily - Technical analysis published on 08/21/2023 (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

17%

44%

39%

My opinion

Bullish above 30.4529 TRY

My targets

30.9389 TRY (+0.1412)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/TRY as long as the price remains well above 30.4529 TRY. The buyers' bullish objective is set at 30.9389 TRY. A bullish break in this resistance would boost the bullish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

3.4

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 rating is 30.7977 TRY. The price registered an increase of +0.12% on the session and was traded between 30.7586 TRY and 30.8073 TRY over the period. The price is currently at +0.13% from its lowest and -0.03% from its highest.

30.7586

30.8073

30.7977

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

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of CHF/TRY indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	20.7337	21.8094	26.2120	30.7977	30.9389
Change (%)	-32.68%	-29.18%	-14.89%	-	+0.46%
Change	-10.0640	-8.9883	-4.5857	-	+0.1412
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	30.5308	30.6096	30.6858	30.7646	30.8408	30.9196	30.9958
Camarilla	30.7195	30.7337	30.7479	30.7621	30.7763	30.7905	30.8047
Woodie	30.5296	30.6090	30.6846	30.7640	30.8396	30.9190	30.9946
Fibonacci	30.6096	30.6688	30.7054	30.7646	30.8238	30.8604	30.9196

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.0708	30.3343	30.5278	30.7913	30.9848	31.2483	31.4418
Camarilla	30.5955	30.6374	30.6793	30.7212	30.7631	30.8050	30.8469
Woodie	30.0357	30.3168	30.4927	30.7738	30.9497	31.2308	31.4067
Fibonacci	30.3343	30.5089	30.6168	30.7913	30.9659	31.0738	31.2483

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	59.55
MACD (12,26,9):	0.2837
Directional Movement:	7.3666
AROON (14):	-21.4286
DEMA (21):	31.1878
Parabolic SAR (0,02-0,02-0,2):	31.4781
Elder Ray (13):	-0.0134
Super Trend (3,10):	29.7789
Zig ZAG (10):	30.7986
VORTEX (21):	0.9766
Stochastique (14,3,5):	45.29
TEMA (21):	30.6917
Williams %R (14):	-51.61
Chande Momentum Oscillator (20):	-0.1026
Repulse (5,40,3):	-0.1517
ROCnROLL:	-1
TRIX (15,9):	0.1877
Courbe Coppock:	0.89

MA7:	30.7982
MA20:	30.8581
MA50:	29.7938
MA100:	26.0922
MAexp7:	30.7932
MAexp20:	30.6965
MAexp50:	29.3493
MAexp100:	27.0501
Price / MA7:	+0.00%
Price / MA20:	-0.20%
Price / MA50:	+3.37%
Price / MA100:	+18.03%
Price / MAexp7:	+0.01%
Price / MAexp20:	+0.33%
Price / MAexp50:	+4.94%
Price / MAexp100:	+13.85%

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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