GYEN - GYEN/USD - 1H - Technical analysis published on 08/26/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
39%
50%
My opinion
Bullish above 0.007279 USD
My targets
0.007344 USD (+0.66%)
0.007381 USD (+1.17%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.007279 USD remains possible. It is advisable to trade GYEN - GYEN/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.007279 USD. The next bullish objective for buyers is set at 0.007344 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.007381 USD. If there is any crossing, the next objective would be the resistance located at 0.007637 USD. PS: if there is a bearish break in the support located at 0.007279 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
1.6
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Additional analysis
Quotes
The GYEN - GYEN/USD rating is 0.007296 USD. The price registered a decrease of -0.07% on the session and was traded between 0.007291 USD and 0.007303 USD over the period. The price is currently at +0.07% from its lowest and -0.10% from its highest.0.007291
0.007303
0.007296
Here is a more detailed summary of the historical variations registered by GYEN - GYEN/USD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GYEN - GYEN/USD chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.007251 | 0.007279 | 0.007295 | 0.007296 | 0.007311 | 0.007344 | 0.007367 |
| Change (%) | -0.62% | -0.23% | -0.01% | - | +0.21% | +0.66% | +0.97% |
| Change | -0.000045 | -0.000017 | -0.000001 | - | +0.000015 | +0.000048 | +0.000071 |
| Level | Major | Minor | Minor | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.007215 | 0.007241 | 0.007271 | 0.007297 | 0.007327 | 0.007353 | 0.007383 |
| Camarilla | 0.007286 | 0.007291 | 0.007296 | 0.007301 | 0.007306 | 0.007311 | 0.007316 |
| Woodie | 0.007217 | 0.007242 | 0.007273 | 0.007298 | 0.007329 | 0.007354 | 0.007385 |
| Fibonacci | 0.007241 | 0.007262 | 0.007276 | 0.007297 | 0.007318 | 0.007332 | 0.007353 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006910 | 0.007077 | 0.007164 | 0.007331 | 0.007418 | 0.007585 | 0.007672 |
| Camarilla | 0.007181 | 0.007204 | 0.007228 | 0.007251 | 0.007274 | 0.007298 | 0.007321 |
| Woodie | 0.006870 | 0.007057 | 0.007124 | 0.007311 | 0.007378 | 0.007565 | 0.007632 |
| Fibonacci | 0.007077 | 0.007174 | 0.007234 | 0.007331 | 0.007428 | 0.007488 | 0.007585 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006893 | 0.007011 | 0.007235 | 0.007353 | 0.007577 | 0.007695 | 0.007919 |
| Camarilla | 0.007366 | 0.007397 | 0.007429 | 0.007460 | 0.007491 | 0.007523 | 0.007554 |
| Woodie | 0.006947 | 0.007038 | 0.007289 | 0.007380 | 0.007631 | 0.007722 | 0.007973 |
| Fibonacci | 0.007011 | 0.007141 | 0.007222 | 0.007353 | 0.007483 | 0.007564 | 0.007695 |
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): | 47.56 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 13.602628 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.007301 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.007284 | |
| Elder Ray (13): | -0.000005 | |
| Super Trend (3,10): | 0.007314 | |
| Zig ZAG (10): | 0.007293 | |
| VORTEX (21): | 0.9827 | |
| Stochastique (14,3,5): | 24.47 | |
| TEMA (21): | 0.007298 | |
| Williams %R (14): | -90.91 | |
| Chande Momentum Oscillator (20): | -0.000002 | |
| Repulse (5,40,3): | -0.0746 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0083 | |
| Courbe Coppock: | 0.00 |
| MA7: | 0.007267 | |
| MA20: | 0.007358 | |
| MA50: | 0.007319 | |
| MA100: | 0.007417 | |
| MAexp7: | 0.007297 | |
| MAexp20: | 0.007298 | |
| MAexp50: | 0.007289 | |
| MAexp100: | 0.007284 | |
| Price / MA7: | +0.40% | |
| Price / MA20: | -0.84% | |
| Price / MA50: | -0.31% | |
| Price / MA100: | -1.63% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.16% |
Quotes :
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Real time data
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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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