GYEN - GYEN/USD - 1H - Technical analysis published on 12/19/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 0.007333 USD
My targets
0.007259 USD (-0.55%)
0.007203 USD (-1.32%)
My analysis
All elements being rather 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 0.007333 USD. The next bearish objective for sellers is set at 0.007259 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 0.007203 USD. If there is any crossing, the next objective would be the support located at 0.007141 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.1
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 0.007299 USD. The price registered a decrease of -0.07% on the session and was between 0.007257 USD and 0.007363 USD. This implies that the price is at +0.58% from its lowest and at -0.87% from its highest.0.007257
0.007363
0.007299
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 (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this GYEN - GYEN/USD chart shows a bearish trend. The signals given by moving averages are at 71.43% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of 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 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
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. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.007233 | 0.007259 | 0.007285 | 0.007299 | 0.007314 | 0.007333 | 0.007371 |
| Change (%) | -0.90% | -0.55% | -0.19% | - | +0.21% | +0.47% | +0.99% |
| Change | -0.000066 | -0.000040 | -0.000014 | - | +0.000015 | +0.000034 | +0.000072 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | 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 | 0.007099 | 0.007151 | 0.007227 | 0.007279 | 0.007355 | 0.007407 | 0.007483 |
| Camarilla | 0.007269 | 0.007281 | 0.007292 | 0.007304 | 0.007316 | 0.007328 | 0.007339 |
| Woodie | 0.007112 | 0.007157 | 0.007240 | 0.007285 | 0.007368 | 0.007413 | 0.007496 |
| Fibonacci | 0.007151 | 0.007200 | 0.007230 | 0.007279 | 0.007328 | 0.007358 | 0.007407 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006982 | 0.007092 | 0.007193 | 0.007303 | 0.007404 | 0.007514 | 0.007615 |
| Camarilla | 0.007236 | 0.007255 | 0.007275 | 0.007294 | 0.007313 | 0.007333 | 0.007352 |
| Woodie | 0.006978 | 0.007090 | 0.007189 | 0.007301 | 0.007400 | 0.007512 | 0.007611 |
| Fibonacci | 0.007092 | 0.007173 | 0.007222 | 0.007303 | 0.007384 | 0.007433 | 0.007514 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.99 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -5.388304 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.007298 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.007331 | |
| Elder Ray (13): | -0.000019 | |
| Super Trend (3,10): | 0.007345 | |
| Zig ZAG (10): | 0.007280 | |
| VORTEX (21): | 0.8891 | |
| Stochastique (14,3,5): | 27.36 | |
| TEMA (21): | 0.007290 | |
| Williams %R (14): | -76.42 | |
| Chande Momentum Oscillator (20): | -0.000047 | |
| Repulse (5,40,3): | 0.2875 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0017 | |
| Courbe Coppock: | 0.87 |
| MA7: | 0.007307 | |
| MA20: | 0.007304 | |
| MA50: | 0.007122 | |
| MA100: | 0.006990 | |
| MAexp7: | 0.007293 | |
| MAexp20: | 0.007304 | |
| MAexp50: | 0.007306 | |
| MAexp100: | 0.007306 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | -0.07% | |
| Price / MA50: | +2.49% | |
| Price / MA100: | +4.42% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.10% |
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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