CHF/TRY - 1H - Technical analysis published on 11/15/2019 (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
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
44%
33%
22%
My opinion
Bearish under 5.8235 TRY
My targets
5.8144 TRY (-0.02%)
5.8013 TRY (-0.25%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for CHF/TRY as long as the price remains well below 5.8235 TRY. The next bearish objective for sellers is set at 5.8144 TRY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.8013 TRY. In case of crossing, the next objective would be the support located at 5.7872 TRY. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 5.8144 TRY. With this support, against the trend traders who want to buy CHF/TRY on a buy signal from their trading strategy should not hesitate to act.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
0
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/TRY price is 5.8158 TRY. On the day, this instrument lost -0.01% and was traded between 5.8124 TRY and 5.8372 TRY over the period. The price is currently at +0.06% from its lowest and -0.37% from its highest.5.8124
5.8372
5.8158
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this CHF/TRY chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 5.7872 | 5.8013 | 5.8144 | 5.8158 | 5.8235 | 5.8317 | 5.8522 |
| Change (%) | -0.49% | -0.25% | -0.02% | - | +0.13% | +0.27% | +0.63% |
| Change | -0.0286 | -0.0145 | -0.0014 | - | +0.0077 | +0.0159 | +0.0364 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 5.7592 | 5.7849 | 5.8007 | 5.8264 | 5.8422 | 5.8679 | 5.8837 |
| Camarilla | 5.8050 | 5.8088 | 5.8126 | 5.8164 | 5.8202 | 5.8240 | 5.8278 |
| Woodie | 5.7542 | 5.7824 | 5.7957 | 5.8239 | 5.8372 | 5.8654 | 5.8787 |
| Fibonacci | 5.7849 | 5.8008 | 5.8106 | 5.8264 | 5.8423 | 5.8521 | 5.8679 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.6927 | 5.7241 | 5.7527 | 5.7841 | 5.8127 | 5.8441 | 5.8727 |
| Camarilla | 5.7648 | 5.7703 | 5.7758 | 5.7813 | 5.7868 | 5.7923 | 5.7978 |
| Woodie | 5.6913 | 5.7234 | 5.7513 | 5.7834 | 5.8113 | 5.8434 | 5.8713 |
| Fibonacci | 5.7241 | 5.7470 | 5.7612 | 5.7841 | 5.8070 | 5.8212 | 5.8441 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.2658 | 5.4584 | 5.6241 | 5.8167 | 5.9824 | 6.1750 | 6.3407 |
| Camarilla | 5.6913 | 5.7241 | 5.7570 | 5.7898 | 5.8226 | 5.8555 | 5.8883 |
| Woodie | 5.2524 | 5.4517 | 5.6107 | 5.8100 | 5.9690 | 6.1683 | 6.3273 |
| Fibonacci | 5.4584 | 5.5953 | 5.6798 | 5.8167 | 5.9536 | 6.0381 | 6.1750 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.09 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 2.2438 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 5.8207 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.8112 | |
| Elder Ray (13): | 0.0014 | |
| Super Trend (3,10): | 5.8054 | |
| Zig ZAG (10): | 5.8158 | |
| VORTEX (21): | 0.9929 | |
| Stochastique (14,3,5): | 54.78 | |
| TEMA (21): | 5.8198 | |
| Williams %R (14): | -84.46 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | -0.2281 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0008 | |
| Courbe Coppock: | 0.06 |
| MA7: | 5.8059 | |
| MA20: | 5.8072 | |
| MA50: | 5.8007 | |
| MA100: | 5.7811 | |
| MAexp7: | 5.8209 | |
| MAexp20: | 5.8209 | |
| MAexp50: | 5.8190 | |
| MAexp100: | 5.8136 | |
| Price / MA7: | +0.17% | |
| Price / MA20: | +0.15% | |
| Price / MA50: | +0.26% | |
| Price / MA100: | +0.60% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | +0.04% |
This member declared not having a position on this financial instrument or a related financial instrument.
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