GYEN - GYEN/USD
GYEN - GYEN/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
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High / Low range: -
Type: Cryptocurrencies
Ticker: GYENUSD
ISIN:

GYEN - GYEN/USD - 1H - Technical analysis published on 01/12/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 0.007412 USD
My targets
0.007593 USD (+0.49%)
0.007673 USD (+1.55%)
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 0.007412 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.007593 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 0.007673 USD as an objective. If the support 0.007412 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.3

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:
Daily Weekly

Additional analysis

Quotes

The GYEN - GYEN/USD price is 0.007556 USD. On the day, this instrument lost -0.11% with the lowest point at 0.007460 USD and the highest point at 0.007628 USD. The deviation from the price is +1.29% for the low point and -0.94% for the high point.

0.007460
0.007628
0.007556

Here is a more detailed summary of the historical variations registered by GYEN - GYEN/USD:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Abnormal volumes on GYEN - GYEN/USD were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

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 short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

White hanging man / hammer

Type : Neutral

Timeframe : 1 hour


Dragon-fly doji

Type : Bullish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour


Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.007367 0.007412 0.007533 0.007556 0.007569 0.007593 0.007615
Change (%) -2.50% -1.91% -0.30% - +0.17% +0.49% +0.78%
Change -0.000189 -0.000144 -0.000023 - +0.000013 +0.000037 +0.000059
Level Minor Minor Major - Major Minor Major



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
Standard0.0074670.0074870.0075250.0075450.0075830.0076030.007641
Camarilla0.0075480.0075530.0075590.0075640.0075690.0075750.007580
Woodie0.0074770.0074920.0075350.0075500.0075930.0076080.007651
Fibonacci0.0074870.0075090.0075230.0075450.0075670.0075810.007603


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0070730.0072420.0074050.0075740.0077370.0079060.008069
Camarilla0.0074760.0075060.0075370.0075670.0075970.0076280.007658
Woodie0.0070690.0072410.0074010.0075730.0077330.0079050.008065
Fibonacci0.0072420.0073690.0074480.0075740.0077010.0077800.007906


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0066570.0068590.0072300.0074320.0078030.0080050.008376
Camarilla0.0074420.0074950.0075480.0076000.0076530.0077050.007758
Woodie0.0067410.0069010.0073140.0074740.0078870.0080470.008460
Fibonacci0.0068590.0070780.0072130.0074320.0076510.0077860.008005

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): 68.53
MACD (12,26,9): 0.0000
Directional Movement: -9.526067
AROON (14): -21.428571
DEMA (21): 0.007607
Parabolic SAR (0,02-0,02-0,2): 0.007620
Elder Ray (13): 0.000022
Super Trend (3,10): 0.007551
Zig ZAG (10): 0.007616
VORTEX (21): 1.1296
Stochastique (14,3,5): 90.08
TEMA (21): 0.007621
Williams %R (14): -9.38
Chande Momentum Oscillator (20): 0.000051
Repulse (5,40,3): 1.4252
ROCnROLL: 1
TRIX (15,9): 0.0304
Courbe Coppock: 1.49
MA7: 0.007569
MA20: 0.007549
MA50: 0.007403
MA100: 0.007133
MAexp7: 0.007607
MAexp20: 0.007579
MAexp50: 0.007560
MAexp100: 0.007555
Price / MA7: -0.17%
Price / MA20: +0.09%
Price / MA50: +2.07%
Price / MA100: +5.93%
Price / MAexp7: -0.67%
Price / MAexp20: -0.30%
Price / MAexp50: -0.05%
Price / MAexp100: +0.01%

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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