CHF/TRY - 1H - Technical analysis published on 08/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 30.0708 TRY
My targets
29.1803 TRY (-0.1682)
28.6266 TRY (-0.7219)
My analysis
CHF/TRY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 30.0708 TRY. The next support located at 29.1803 TRY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 28.6266 TRY. Below this support, sellers could then target 26.2120 TRY. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.3
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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 29.3485 TRY. The price registered an increase of +0.28% on the session and was traded between 29.1201 TRY and 29.3485 TRY over the period. The price is currently at +0.78% from its lowest and 0% from its highest.29.1201
29.3485
29.3485
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/TRY:
Near a new HIGH record (5 years)
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 strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 5 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.8094 | 26.2120 | 28.6266 | 29.3485 | 30.6963 | 30.9310 | 31.4134 |
| Change (%) | -25.69% | -10.69% | -2.46% | - | +4.59% | +5.39% | +7.04% |
| Change | -7.5391 | -3.1365 | -0.7219 | - | +1.3478 | +1.5825 | +2.0649 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.7616 | 27.1941 | 28.2300 | 29.6625 | 30.6984 | 32.1309 | 33.1668 |
| Camarilla | 28.5871 | 28.8134 | 29.0396 | 29.2659 | 29.4922 | 29.7184 | 29.9447 |
| Woodie | 25.5633 | 27.0950 | 28.0317 | 29.5634 | 30.5001 | 32.0318 | 32.9685 |
| Fibonacci | 27.1941 | 28.1370 | 28.7196 | 29.6625 | 30.6054 | 31.1880 | 32.1309 |
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): | 27.22 | |
| MACD (12,26,9): | -0.3763 | |
| Directional Movement: | -38.6853 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 29.0124 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.3550 | |
| Elder Ray (13): | -0.1518 | |
| Super Trend (3,10): | 29.6220 | |
| Zig ZAG (10): | 29.1794 | |
| VORTEX (21): | 0.6391 | |
| Stochastique (14,3,5): | 59.19 | |
| TEMA (21): | 28.9077 | |
| Williams %R (14): | -26.36 | |
| Chande Momentum Oscillator (20): | 0.2353 | |
| Repulse (5,40,3): | -0.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2088 | |
| Courbe Coppock: | 4.32 |
| MA7: | 30.4231 | |
| MA20: | 30.6884 | |
| MA50: | 30.0065 | |
| MA100: | 26.3520 | |
| MAexp7: | 29.2198 | |
| MAexp20: | 29.5283 | |
| MAexp50: | 30.0943 | |
| MAexp100: | 30.4300 | |
| Price / MA7: | -3.53% | |
| Price / MA20: | -4.37% | |
| Price / MA50: | -2.19% | |
| Price / MA100: | +11.37% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | -0.61% | |
| Price / MAexp50: | -2.48% | |
| Price / MAexp100: | -3.55% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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