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 10/09/2019 (GMT)

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

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 5.8295 TRY
My targets
5.8766 TRY (+0.13%)
5.8999 TRY (+0.53%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CHF/TRY. As long as you are above the support located at 5.8295 TRY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 5.8766 TRY would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 5.8999 TRY as an objective. Crossing it would then enable buyers to target 5.9531 TRY. If the support 5.8295 TRY were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

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
0
10
1.6

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CHF/TRY rating is 5.8689 TRY. The price registered a decrease of -0.22% on the session with the lowest point at 5.8607 TRY and the highest point at 5.8838 TRY. The deviation from the price is +0.14% for the low point and -0.25% for the high point.

5.8607
5.8838
5.8689

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CHF/TRY:

Technical


Technical analysis of this 1H chart of CHF/TRY indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour


Horizontal support is broken

Type : Bearish

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 5.7272 5.8093 5.8295 5.8689 5.8766 5.8999 5.9531
Change (%) -2.41% -1.02% -0.67% - +0.13% +0.53% +1.43%
Change -0.1417 -0.0596 -0.0394 - +0.0077 +0.0310 +0.0842
Level Intermediate Intermediate Minor - Minor Intermediate Minor



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
Standard5.77055.80005.84095.87045.91135.94085.9817
Camarilla5.86245.86895.87545.88185.88835.89475.9012
Woodie5.77625.80295.84665.87335.91705.94375.9874
Fibonacci5.80005.82695.84355.87045.89735.91395.9408


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.53475.59295.65665.71485.77855.83675.9004
Camarilla5.68695.69815.70925.72045.73165.74285.7539
Woodie5.53765.59435.65955.71625.78145.83815.9033
Fibonacci5.59295.63945.66825.71485.76135.79015.8367


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.32365.48785.57485.73905.82605.99026.0772
Camarilla5.59285.61595.63895.66195.68495.70805.7310
Woodie5.28515.46855.53635.71975.78755.97096.0387
Fibonacci5.48785.58375.64305.73905.83495.89425.9902

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): 50.67
MACD (12,26,9): 0.0053
Directional Movement: -4.6242
AROON (14): 14.2857
DEMA (21): 5.8786
Parabolic SAR (0,02-0,02-0,2): 5.8811
Elder Ray (13): -0.0045
Super Trend (3,10): 5.8424
Zig ZAG (10): 5.8667
VORTEX (21): 0.9762
Stochastique (14,3,5): 46.73
TEMA (21): 5.8697
Williams %R (14): -60.36
Chande Momentum Oscillator (20): -0.0038
Repulse (5,40,3): -0.1553
ROCnROLL: -1
TRIX (15,9): 0.0190
Courbe Coppock: 0.12
MA7: 5.7899
MA20: 5.7559
MA50: 5.7729
MA100: 5.8007
MAexp7: 5.8704
MAexp20: 5.8692
MAexp50: 5.8447
MAexp100: 5.8079
Price / MA7: +1.36%
Price / MA20: +1.96%
Price / MA50: +1.66%
Price / MA100: +1.18%
Price / MAexp7: -0.03%
Price / MAexp20: -0.01%
Price / MAexp50: +0.41%
Price / MAexp100: +1.05%

This member declared not having a position on this financial instrument or a related financial instrument.

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