GEMINI DOLLAR - GUSD/USD - Daily - Technical analysis published on 09/11/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
GEMINI DOLLAR - GUSD/USD Chart
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 1.008000 USD
My targets
0.988150 USD (-0.99%)
0.968150 USD (-2.99%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GEMINI DOLLAR - GUSD/USD as long as the price remains well below 1.008000 USD. The sellers' bearish objective is set at 0.988150 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.968150 USD. In case of crossing, the next objective would be the support located at 0.850600 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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This analysis was given by Londinia.
Additional analysis
Quotes
GEMINI DOLLAR - GUSD/USD rating 0.998000 USD. On the day, this instrument lost -0.20% and was between 0.998000 USD and 1.000000 USD. This implies that the price is at 0% from its lowest and at -0.20% from its highest.0.998000
1.000000
0.998000
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of GEMINI DOLLAR - GUSD/USD in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
On the 18 technical indicators analysed, 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.980300 | 0.988150 | 0.997000 | 0.998000 | 1.001000 | 1.008000 | 1.030444 |
| Change (%) | -1.77% | -0.99% | -0.10% | - | +0.30% | +1.00% | +3.25% |
| Change | -0.017700 | -0.009850 | -0.001000 | - | +0.003000 | +0.010000 | +0.032444 |
| Level | Minor | Major | Intermediate | - | Major | Major | Minor |
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 | 0.996667 | 0.997333 | 0.998667 | 0.999333 | 1.000667 | 1.001333 | 1.002667 |
| Camarilla | 0.999450 | 0.999633 | 0.999817 | 1.000000 | 1.000183 | 1.000367 | 1.000550 |
| Woodie | 0.997000 | 0.997500 | 0.999000 | 0.999500 | 1.001000 | 1.001500 | 1.003000 |
| Fibonacci | 0.997333 | 0.998097 | 0.998569 | 0.999333 | 1.000097 | 1.000569 | 1.001333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.938667 | 0.951733 | 0.974867 | 0.987933 | 1.011067 | 1.024133 | 1.047267 |
| Camarilla | 0.988045 | 0.991363 | 0.994682 | 0.998000 | 1.001318 | 1.004637 | 1.007955 |
| Woodie | 0.943700 | 0.954250 | 0.979900 | 0.990450 | 1.016100 | 1.026650 | 1.052300 |
| Fibonacci | 0.951733 | 0.965562 | 0.974105 | 0.987933 | 1.001762 | 1.010305 | 1.024133 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.970000 | 0.976600 | 0.987800 | 0.994400 | 1.005600 | 1.012200 | 1.023400 |
| Camarilla | 0.994105 | 0.995737 | 0.997368 | 0.999000 | 1.000632 | 1.002263 | 1.003895 |
| Woodie | 0.972300 | 0.977750 | 0.990100 | 0.995550 | 1.007900 | 1.013350 | 1.025700 |
| Fibonacci | 0.976600 | 0.983400 | 0.987600 | 0.994400 | 1.001200 | 1.005400 | 1.012200 |
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): | 49.07 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -39.098550 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.998365 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.001000 | |
| Elder Ray (13): | 0.000465 | |
| Super Trend (3,10): | 1.005941 | |
| Zig ZAG (10): | 0.998000 | |
| VORTEX (21): | 1.0468 | |
| Stochastique (14,3,5): | 93.55 | |
| TEMA (21): | 0.998393 | |
| Williams %R (14): | -8.29 | |
| Chande Momentum Oscillator (20): | -0.002000 | |
| Repulse (5,40,3): | -0.1179 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0045 | |
| Courbe Coppock: | 0.23 |
| MA7: | 0.999143 | |
| MA20: | 0.998615 | |
| MA50: | 0.999032 | |
| MA100: | 0.999068 | |
| MAexp7: | 0.998645 | |
| MAexp20: | 0.998589 | |
| MAexp50: | 0.998842 | |
| MAexp100: | 0.998946 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | -0.06% | |
| Price / MA50: | -0.10% | |
| Price / MA100: | -0.11% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.09% |
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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