GYEN - GYEN/USD - 1H - Technical analysis published on 08/28/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 0.006909 USD
My targets
0.006773 USD (-1.04%)
0.006697 USD (-2.15%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GYEN - GYEN/USD as long as the price remains well below 0.006909 USD. The next bearish objective for sellers is set at 0.006773 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.006697 USD. If there is any crossing, the next objective would be the support located at 0.006566 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GYEN - GYEN/USD rating 0.006844 USD. The price is lower by -0.02% since the last closing and was between 0.006830 USD and 0.006902 USD. This implies that the price is at +0.20% from its lowest and at -0.84% from its highest.0.006830
0.006902
0.006844
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GYEN - GYEN/USD in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
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, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.006832 | 0.006844 | 0.006882 | 0.006909 | 0.006943 |
| Change (%) | -0.18% | - | +0.56% | +0.95% | +1.45% |
| Change | -0.000012 | - | +0.000038 | +0.000065 | +0.000099 |
| Level | Major | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006744 | 0.006782 | 0.006814 | 0.006852 | 0.006884 | 0.006922 | 0.006954 |
| Camarilla | 0.006826 | 0.006832 | 0.006839 | 0.006845 | 0.006851 | 0.006858 | 0.006864 |
| Woodie | 0.006740 | 0.006781 | 0.006810 | 0.006851 | 0.006880 | 0.006921 | 0.006950 |
| Fibonacci | 0.006782 | 0.006809 | 0.006826 | 0.006852 | 0.006879 | 0.006896 | 0.006922 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006566 | 0.006697 | 0.006773 | 0.006904 | 0.006980 | 0.007111 | 0.007187 |
| Camarilla | 0.006792 | 0.006811 | 0.006830 | 0.006849 | 0.006868 | 0.006887 | 0.006906 |
| Woodie | 0.006539 | 0.006683 | 0.006746 | 0.006890 | 0.006953 | 0.007097 | 0.007160 |
| Fibonacci | 0.006697 | 0.006776 | 0.006825 | 0.006904 | 0.006983 | 0.007032 | 0.007111 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006623 | 0.006796 | 0.006904 | 0.007077 | 0.007185 | 0.007358 | 0.007466 |
| Camarilla | 0.006935 | 0.006961 | 0.006986 | 0.007012 | 0.007038 | 0.007064 | 0.007089 |
| Woodie | 0.006591 | 0.006780 | 0.006872 | 0.007061 | 0.007153 | 0.007342 | 0.007434 |
| Fibonacci | 0.006796 | 0.006903 | 0.006970 | 0.007077 | 0.007184 | 0.007251 | 0.007358 |
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): | 47.28 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 26.696791 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.006856 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.006830 | |
| Elder Ray (13): | 0.000014 | |
| Super Trend (3,10): | 0.006918 | |
| Zig ZAG (10): | 0.006844 | |
| VORTEX (21): | 0.8322 | |
| Stochastique (14,3,5): | 76.13 | |
| TEMA (21): | 0.006861 | |
| Williams %R (14): | -71.60 | |
| Chande Momentum Oscillator (20): | -0.000047 | |
| Repulse (5,40,3): | -0.3471 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0121 | |
| Courbe Coppock: | 0.25 |
| MA7: | 0.006875 | |
| MA20: | 0.006893 | |
| MA50: | 0.007003 | |
| MA100: | 0.007039 | |
| MAexp7: | 0.006863 | |
| MAexp20: | 0.006859 | |
| MAexp50: | 0.006866 | |
| MAexp100: | 0.006871 | |
| Price / MA7: | -0.45% | |
| Price / MA20: | -0.71% | |
| Price / MA50: | -2.27% | |
| Price / MA100: | -2.77% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.32% | |
| Price / MAexp100: | -0.39% |
Quotes :
-
Real time data
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Cryptocompare
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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