CHF/TRY - 1H - Technical analysis published on 11/27/2023 (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 bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 32.7679 TRY
My targets
32.8823 TRY (+0.0648)
33.0592 TRY (+0.2417)
My analysis
The bullish trend is currently very strong on CHF/TRY. As long as the price remains above the support at 32.7679 TRY, you could try to benefit from the boom. The first bullish objective is located at 32.8823 TRY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 33.0592 TRY as an objective. Crossing it would then enable buyers to target 33.3506 TRY. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
9.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/TRY rating 32.8175 TRY. The price registered an increase of +0.34% on the session with the lowest point at 32.7036 TRY and the highest point at 32.8380 TRY. The deviation from the price is +0.35% for the low point and -0.06% for the high point.32.7036
32.8380
32.8175
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/TRY chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 32.3726 | 32.5593 | 32.7679 | 32.8175 |
| Change (%) | -1.36% | -0.79% | -0.15% | - |
| Change | -0.4449 | -0.2582 | -0.0496 | - |
| Level | Major | Intermediate | 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 | 32.4225 | 32.5041 | 32.6047 | 32.6863 | 32.7869 | 32.8685 | 32.9691 |
| Camarilla | 32.6552 | 32.6719 | 32.6886 | 32.7053 | 32.7220 | 32.7387 | 32.7554 |
| Woodie | 32.4320 | 32.5089 | 32.6142 | 32.6911 | 32.7964 | 32.8733 | 32.9786 |
| Fibonacci | 32.5041 | 32.5737 | 32.6167 | 32.6863 | 32.7559 | 32.7989 | 32.8685 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.9457 | 32.1226 | 32.4140 | 32.5909 | 32.8823 | 33.0592 | 33.3506 |
| Camarilla | 32.5765 | 32.6195 | 32.6624 | 32.7053 | 32.7482 | 32.7912 | 32.8341 |
| Woodie | 32.0029 | 32.1512 | 32.4712 | 32.6195 | 32.9395 | 33.0878 | 33.4078 |
| Fibonacci | 32.1226 | 32.3015 | 32.4120 | 32.5909 | 32.7698 | 32.8803 | 33.0592 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.9981 | 28.8738 | 29.9901 | 30.8658 | 31.9821 | 32.8578 | 33.9741 |
| Camarilla | 30.5585 | 30.7411 | 30.9237 | 31.1063 | 31.2889 | 31.4715 | 31.6541 |
| Woodie | 28.1183 | 28.9340 | 30.1103 | 30.9260 | 32.1023 | 32.9180 | 34.0943 |
| Fibonacci | 28.8738 | 29.6348 | 30.1049 | 30.8658 | 31.6268 | 32.0969 | 32.8578 |
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): | 68.80 | |
| MACD (12,26,9): | 0.0290 | |
| Directional Movement: | 21.1836 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 32.7818 | |
| Parabolic SAR (0,02-0,02-0,2): | 32.7202 | |
| Elder Ray (13): | 0.0470 | |
| Super Trend (3,10): | 32.6824 | |
| Zig ZAG (10): | 32.8254 | |
| VORTEX (21): | 1.1011 | |
| Stochastique (14,3,5): | 78.94 | |
| TEMA (21): | 32.7903 | |
| Williams %R (14): | -10.32 | |
| Chande Momentum Oscillator (20): | 0.0817 | |
| Repulse (5,40,3): | 0.1977 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0112 | |
| Courbe Coppock: | 0.26 |
| MA7: | 32.6138 | |
| MA20: | 32.0239 | |
| MA50: | 31.1628 | |
| MA100: | 30.8619 | |
| MAexp7: | 32.7766 | |
| MAexp20: | 32.7442 | |
| MAexp50: | 32.6972 | |
| MAexp100: | 32.6257 | |
| Price / MA7: | +0.62% | |
| Price / MA20: | +2.48% | |
| Price / MA50: | +5.31% | |
| Price / MA100: | +6.34% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.37% | |
| Price / MAexp100: | +0.59% |
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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