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

GYEN - GYEN/USD - 1H - Technical analysis published on 02/02/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.007624 USD
My targets
0.007520 USD (-0.56%)
0.007366 USD (-2.59%)
My analysis
GYEN - GYEN/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.007624 USD. The next support located at 0.007520 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.007366 USD. Below this support, sellers could then target 0.007024 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.9

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 rating is 0.007562 USD. On the day, this instrument lost -0.20% and was between 0.007460 USD and 0.007729 USD. This implies that the price is at +1.37% from its lowest and at -2.16% from its highest.

0.007460
0.007729
0.007562

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GYEN - GYEN/USD:
The study of the highest / lowest by the Central Records scanner shows the following results:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of GYEN - GYEN/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Central Candlesticks

Bullish harami cross

Type : Bullish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.007492 0.007520 0.007549 0.007562 0.007592 0.007624 0.007650
Change (%) -0.93% -0.56% -0.17% - +0.40% +0.82% +1.16%
Change -0.000070 -0.000042 -0.000013 - +0.000030 +0.000062 +0.000088
Level Major Minor Major - Minor 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
Standard0.0073020.0073950.0074860.0075790.0076700.0077630.007854
Camarilla0.0075260.0075430.0075600.0075770.0075940.0076110.007628
Woodie0.0073010.0073950.0074850.0075790.0076690.0077630.007853
Fibonacci0.0073950.0074650.0075090.0075790.0076490.0076930.007763


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0072830.0073880.0075300.0076350.0077770.0078820.008024
Camarilla0.0076050.0076280.0076500.0076730.0076960.0077180.007741
Woodie0.0073030.0073970.0075500.0076440.0077970.0078910.008044
Fibonacci0.0073880.0074820.0075400.0076350.0077290.0077870.007882


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0070000.0072060.0074180.0076240.0078360.0080420.008254
Camarilla0.0075150.0075530.0075920.0076300.0076680.0077070.007745
Woodie0.0070030.0072080.0074210.0076260.0078390.0080440.008257
Fibonacci0.0072060.0073660.0074640.0076240.0077840.0078820.008042

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): 46.04
MACD (12,26,9): 0.0000
Directional Movement: -13.263401
AROON (14): -28.571429
DEMA (21): 0.007612
Parabolic SAR (0,02-0,02-0,2): 0.007724
Elder Ray (13): -0.000060
Super Trend (3,10): 0.007364
Zig ZAG (10): 0.007549
VORTEX (21): 0.9957
Stochastique (14,3,5): 20.48
TEMA (21): 0.007599
Williams %R (14): -89.41
Chande Momentum Oscillator (20): -0.000084
Repulse (5,40,3): -1.6381
ROCnROLL: 2
TRIX (15,9): 0.0136
Courbe Coppock: 0.46
MA7: 0.007607
MA20: 0.007682
MA50: 0.007580
MA100: 0.007325
MAexp7: 0.007589
MAexp20: 0.007618
MAexp50: 0.007612
MAexp100: 0.007617
Price / MA7: -0.59%
Price / MA20: -1.56%
Price / MA50: -0.24%
Price / MA100: +3.24%
Price / MAexp7: -0.36%
Price / MAexp20: -0.74%
Price / MAexp50: -0.66%
Price / MAexp100: -0.72%

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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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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