GYEN - GYEN/USD

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- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	GYENUSD
ISIN:

GYEN - GYEN/USD - Daily - Technical analysis published on 11/21/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

61%

33%

My opinion

Bullish above 0.006918 USD

My targets

0.007369 USD (+3.91%)

0.007864 USD (+10.89%)

My analysis

GYEN - GYEN/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.006918 USD. The next resistance located at 0.007369 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.007864 USD.

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

5.4

Comment on the analysis

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 0.007092 USD. On the day, this instrument lost -0.41% and was traded between 0.007082 USD and 0.007125 USD over the period. The price is currently at +0.14% from its lowest and -0.46% from its highest.

0.007082

0.007125

0.007092

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:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this GYEN - GYEN/USD chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 11 technical indicators on 18 studied are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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 resistance

Type : Bearish

Timeframe : Daily

Near resistance of triangle

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.006817	0.006918	0.007020	0.007092	0.007141	0.007369	0.007530
Change (%)	-3.88%	-2.45%	-1.02%	-	+0.69%	+3.91%	+6.18%
Change	-0.000275	-0.000174	-0.000072	-	+0.000049	+0.000277	+0.000438
Level	Intermediate	Major	Intermediate	-	Major	Minor	Intermediate

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	0.006979	0.007034	0.007077	0.007132	0.007175	0.007230	0.007273
Camarilla	0.007094	0.007103	0.007112	0.007121	0.007130	0.007139	0.007148
Woodie	0.006974	0.007031	0.007072	0.007129	0.007170	0.007227	0.007268
Fibonacci	0.007034	0.007071	0.007094	0.007132	0.007169	0.007192	0.007230

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.006794	0.006894	0.006995	0.007095	0.007196	0.007296	0.007397
Camarilla	0.007041	0.007059	0.007078	0.007096	0.007114	0.007133	0.007151
Woodie	0.006795	0.006894	0.006996	0.007095	0.007197	0.007296	0.007398
Fibonacci	0.006894	0.006971	0.007018	0.007095	0.007172	0.007219	0.007296

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.006145	0.006361	0.006529	0.006745	0.006913	0.007129	0.007297
Camarilla	0.006591	0.006627	0.006662	0.006697	0.006732	0.006767	0.006803
Woodie	0.006121	0.006349	0.006505	0.006733	0.006889	0.007117	0.007273
Fibonacci	0.006361	0.006508	0.006598	0.006745	0.006892	0.006982	0.007129

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	62.30
MACD (12,26,9):	0.0001
Directional Movement:	15.279568
AROON (14):	28.571429
DEMA (21):	0.007113
Parabolic SAR (0,02-0,02-0,2):	0.007195
Elder Ray (13):	0.000050
Super Trend (3,10):	0.006793
Zig ZAG (10):	0.007097
VORTEX (21):	1.1636
Stochastique (14,3,5):	78.09
TEMA (21):	0.007178
Williams %R (14):	-23.93
Chande Momentum Oscillator (20):	0.000308
Repulse (5,40,3):	-0.0639
ROCnROLL:	1
TRIX (15,9):	0.1713
Courbe Coppock:	9.53

MA7:	0.007119
MA20:	0.006971
MA50:	0.006857
MA100:	0.006972
MAexp7:	0.007097
MAexp20:	0.007006
MAexp50:	0.006936
MAexp100:	0.007007
Price / MA7:	-0.38%
Price / MA20:	+1.74%
Price / MA50:	+3.43%
Price / MA100:	+1.72%
Price / MAexp7:	-0.07%
Price / MAexp20:	+1.23%
Price / MAexp50:	+2.25%
Price / MAexp100:	+1.21%

Quotes : - Real time data - Cryptocompare

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

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Londinia AI

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