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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 12/23/2019 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 6.0280 TRY
My targets
6.0997 TRY (+0.0435)
6.1960 TRY (+0.1398)
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 6.0280 TRY. The buyers” bullish objective is set at 6.0997 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.1960 TRY. If there is any crossing, the next objective would be the resistance located at 6.9981 TRY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
7

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.

Vincent Launay
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 6.0562 TRY. The price has increased by +0.24% since the last closing and was between 6.0356 TRY and 6.0671 TRY. This implies that the price is at +0.34% from its lowest and at -0.18% from its highest.

6.0356
6.0671
6.0562

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a 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. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour



In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 5.9477 6.0280 6.0505 6.0562 6.0997 6.9981
Change (%) -1.79% -0.47% -0.09% - +0.72% +15.55%
Change -0.1085 -0.0282 -0.0057 - +0.0435 +0.9419
Level Major Major Minor - Major Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.97496.00186.02176.04866.06856.09546.1153
Camarilla6.02866.03296.03726.04156.04586.05016.0544
Woodie5.97136.00016.01816.04696.06496.09376.1117
Fibonacci6.00186.01976.03086.04866.06656.07766.0954


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.73825.81545.92856.00576.11886.19606.3091
Camarilla5.98926.00666.02416.04156.05896.07646.0938
Woodie5.75615.82445.94646.01476.13676.20506.3270
Fibonacci5.81545.88815.93306.00576.07846.12336.1960


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.56175.64075.69425.77325.82675.90575.9592
Camarilla5.71135.72345.73565.74775.75995.77205.7841
Woodie5.54905.63435.68155.76685.81405.89935.9465
Fibonacci5.64075.69135.72265.77325.82385.85515.9057

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): 53.46
MACD (12,26,9): 0.0019
Directional Movement: 5.3061
AROON (14): 28.5714
DEMA (21): 6.0531
Parabolic SAR (0,02-0,02-0,2): 6.0458
Elder Ray (13): 0.0022
Super Trend (3,10): 6.0660
Zig ZAG (10): 6.0566
VORTEX (21): 1.1164
Stochastique (14,3,5): 69.55
TEMA (21): 6.0559
Williams %R (14): -33.33
Chande Momentum Oscillator (20): 0.0117
Repulse (5,40,3): 0.0351
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.36
MA7: 6.0101
MA20: 5.8885
MA50: 5.8412
MA100: 5.8138
MAexp7: 6.0549
MAexp20: 6.0512
MAexp50: 6.0479
MAexp100: 6.0295
Price / MA7: +0.77%
Price / MA20: +2.85%
Price / MA50: +3.68%
Price / MA100: +4.17%
Price / MAexp7: +0.02%
Price / MAexp20: +0.08%
Price / MAexp50: +0.14%
Price / MAexp100: +0.44%

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

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Londinia
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