GYEN - GYEN/USD - 1H - Technical analysis published on 08/06/2023 (GMT)
- 154
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 0.006978 USD
My targets
0.007055 USD (+0.48%)
0.007120 USD (+1.41%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.006978 USD remains possible. It is advisable to trade GYEN - GYEN/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.006978 USD. The next bullish objective for buyers is set at 0.007055 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.007120 USD. If there is any crossing, the next objective would be the resistance located at 0.007168 USD. PS: if there is a bearish break in the support located at 0.006978 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
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
0
10
4.8
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
The GYEN - GYEN/USD price is 0.007021 USD. The price registered a decrease of -0.01% on the session and was between 0.007021 USD and 0.007047 USD. This implies that the price is at 0% from its lowest and at -0.37% from its highest.0.007021
0.007047
0.007021
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
Here is a more detailed summary of the historical variations registered by GYEN - GYEN/USD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GYEN - GYEN/USD in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
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:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
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 | 0.006956 | 0.006978 | 0.007011 | 0.007021 | 0.007031 | 0.007055 | 0.007120 |
| Change (%) | -0.93% | -0.61% | -0.14% | - | +0.14% | +0.48% | +1.41% |
| Change | -0.000065 | -0.000043 | -0.000010 | - | +0.000010 | +0.000034 | +0.000099 |
| Level | Major | Major | Minor | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006987 | 0.007005 | 0.007013 | 0.007031 | 0.007039 | 0.007057 | 0.007065 |
| Camarilla | 0.007015 | 0.007017 | 0.007020 | 0.007022 | 0.007024 | 0.007027 | 0.007029 |
| Woodie | 0.006983 | 0.007003 | 0.007009 | 0.007029 | 0.007035 | 0.007055 | 0.007061 |
| Fibonacci | 0.007005 | 0.007015 | 0.007021 | 0.007031 | 0.007041 | 0.007047 | 0.007057 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006826 | 0.006891 | 0.006956 | 0.007021 | 0.007086 | 0.007151 | 0.007216 |
| Camarilla | 0.006986 | 0.006998 | 0.007010 | 0.007022 | 0.007034 | 0.007046 | 0.007058 |
| Woodie | 0.006827 | 0.006891 | 0.006957 | 0.007021 | 0.007087 | 0.007151 | 0.007217 |
| Fibonacci | 0.006891 | 0.006940 | 0.006971 | 0.007021 | 0.007070 | 0.007101 | 0.007151 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006493 | 0.006692 | 0.006852 | 0.007051 | 0.007211 | 0.007410 | 0.007570 |
| Camarilla | 0.006913 | 0.006946 | 0.006979 | 0.007012 | 0.007045 | 0.007078 | 0.007111 |
| Woodie | 0.006474 | 0.006682 | 0.006833 | 0.007041 | 0.007192 | 0.007400 | 0.007551 |
| Fibonacci | 0.006692 | 0.006829 | 0.006914 | 0.007051 | 0.007188 | 0.007273 | 0.007410 |
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): | 53.74 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 26.425934 | |
| AROON (14): | -64.285714 | |
| DEMA (21): | 0.007038 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.007021 | |
| Elder Ray (13): | 0.000007 | |
| Super Trend (3,10): | 0.007006 | |
| Zig ZAG (10): | 0.007041 | |
| VORTEX (21): | 0.8074 | |
| Stochastique (14,3,5): | 58.97 | |
| TEMA (21): | 0.007034 | |
| Williams %R (14): | -23.08 | |
| Chande Momentum Oscillator (20): | 0.000000 | |
| Repulse (5,40,3): | 0.3442 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0079 | |
| Courbe Coppock: | 0.01 |
| MA7: | 0.007006 | |
| MA20: | 0.007061 | |
| MA50: | 0.007035 | |
| MA100: | 0.007132 | |
| MAexp7: | 0.007035 | |
| MAexp20: | 0.007032 | |
| MAexp50: | 0.007020 | |
| MAexp100: | 0.007014 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | -0.57% | |
| Price / MA50: | -0.20% | |
| Price / MA100: | -1.56% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.10% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis GYEN - GYEN/USD - 1H