GYEN - GYEN/USD - 1H - Technical analysis published on 12/02/2022 (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
17%
44%
39%
My opinion
Bullish above 0.007299 USD
My targets
0.007530 USD (+2.24%)
0.007706 USD (+4.63%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GYEN - GYEN/USD. As long as you are above the support located at 0.007299 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.007530 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.007706 USD as an objective. Crossing it would then enable buyers to target 0.007864 USD. If the support 0.007299 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
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
2.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GYEN - GYEN/USD rating is 0.007365 USD. The price registered a decrease of -0.05% on the session with the lowest point at 0.007300 USD and the highest point at 0.007548 USD. The deviation from the price is +0.89% for the low point and -2.42% for the high point.0.007300
0.007548
0.007365
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of GYEN - GYEN/USD indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of 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 | 0.007188 | 0.007299 | 0.007346 | 0.007365 | 0.007369 | 0.007530 | 0.007706 |
| Change (%) | -2.40% | -0.90% | -0.26% | - | +0.05% | +2.24% | +4.63% |
| Change | -0.000177 | -0.000066 | -0.000019 | - | +0.000004 | +0.000165 | +0.000341 |
| Level | Major | Minor | Minor | - | Intermediate | Major | 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 | 0.007133 | 0.007190 | 0.007279 | 0.007336 | 0.007425 | 0.007482 | 0.007571 |
| Camarilla | 0.007329 | 0.007342 | 0.007356 | 0.007369 | 0.007382 | 0.007396 | 0.007409 |
| Woodie | 0.007150 | 0.007198 | 0.007296 | 0.007344 | 0.007442 | 0.007490 | 0.007588 |
| Fibonacci | 0.007190 | 0.007245 | 0.007280 | 0.007336 | 0.007391 | 0.007426 | 0.007482 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006834 | 0.006910 | 0.007035 | 0.007111 | 0.007236 | 0.007312 | 0.007437 |
| Camarilla | 0.007104 | 0.007122 | 0.007141 | 0.007159 | 0.007177 | 0.007196 | 0.007214 |
| Woodie | 0.006858 | 0.006922 | 0.007059 | 0.007123 | 0.007260 | 0.007324 | 0.007461 |
| Fibonacci | 0.006910 | 0.006987 | 0.007035 | 0.007111 | 0.007188 | 0.007236 | 0.007312 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006329 | 0.006513 | 0.006881 | 0.007065 | 0.007433 | 0.007617 | 0.007985 |
| Camarilla | 0.007097 | 0.007148 | 0.007198 | 0.007249 | 0.007300 | 0.007350 | 0.007401 |
| Woodie | 0.006421 | 0.006559 | 0.006973 | 0.007111 | 0.007525 | 0.007663 | 0.008077 |
| Fibonacci | 0.006513 | 0.006724 | 0.006854 | 0.007065 | 0.007276 | 0.007406 | 0.007617 |
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): | 46.52 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -2.744762 | |
| AROON (14): | 21.428571 | |
| DEMA (21): | 0.007412 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.007539 | |
| Elder Ray (13): | -0.000025 | |
| Super Trend (3,10): | 0.007487 | |
| Zig ZAG (10): | 0.007365 | |
| VORTEX (21): | 0.9748 | |
| Stochastique (14,3,5): | 21.10 | |
| TEMA (21): | 0.007401 | |
| Williams %R (14): | -73.79 | |
| Chande Momentum Oscillator (20): | -0.000008 | |
| Repulse (5,40,3): | -0.7699 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0564 | |
| Courbe Coppock: | 0.81 |
| MA7: | 0.007235 | |
| MA20: | 0.007160 | |
| MA50: | 0.006928 | |
| MA100: | 0.006958 | |
| MAexp7: | 0.007387 | |
| MAexp20: | 0.007385 | |
| MAexp50: | 0.007333 | |
| MAexp100: | 0.007278 | |
| Price / MA7: | +1.80% | |
| Price / MA20: | +2.86% | |
| Price / MA50: | +6.31% | |
| Price / MA100: | +5.85% | |
| Price / MAexp7: | -0.30% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | +0.44% | |
| Price / MAexp100: | +1.20% |
Quotes :
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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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