GYEN - GYEN/USD

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Type:	Cryptocurrencies
Ticker:	GYENUSD
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GYEN - GYEN/USD - Daily - Technical analysis published on 08/12/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

56%

33%

My opinion

Bearish under 0.007168 USD

My targets

0.006692 USD (-2.75%)

0.006493 USD (-5.64%)

My analysis

All elements being clearly 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 0.007168 USD. The sellers' bearish objective is set at 0.006692 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.006493 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.5

Comment on the analysis

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 0.006881 USD. On the day, this instrument lost -0.04% and was traded between 0.006879 USD and 0.006900 USD over the period. The price is currently at +0.03% from its lowest and -0.28% from its highest.

0.006879

0.006900

0.006881

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of GYEN - GYEN/USD in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 10 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

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

Near horizontal resistance

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.006881	0.006909	0.007168	0.007469
Change (%)	-	+0.41%	+4.17%	+8.55%
Change	-	+0.000028	+0.000287	+0.000588
Level	-	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	0.006834	0.006858	0.006871	0.006895	0.006908	0.006932	0.006945
Camarilla	0.006874	0.006877	0.006881	0.006884	0.006887	0.006891	0.006894
Woodie	0.006829	0.006855	0.006866	0.006892	0.006903	0.006929	0.006940
Fibonacci	0.006858	0.006872	0.006881	0.006895	0.006909	0.006918	0.006932

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):	34.49
MACD (12,26,9):	0.0000
Directional Movement:	-6.471793
AROON (14):	-92.857143
DEMA (21):	0.006945
Parabolic SAR (0,02-0,02-0,2):	0.007013
Elder Ray (13):	-0.000078
Super Trend (3,10):	0.007057
Zig ZAG (10):	0.006881
VORTEX (21):	0.8716
Stochastique (14,3,5):	2.53
TEMA (21):	0.006913
Williams %R (14):	-99.03
Chande Momentum Oscillator (20):	-0.000131
Repulse (5,40,3):	-0.9862
ROCnROLL:	2
TRIX (15,9):	-0.0486
Courbe Coppock:	3.50

MA7:	0.006949
MA20:	0.007011
MA50:	0.007023
MA100:	0.007108
MAexp7:	0.006933
MAexp20:	0.006991
MAexp50:	0.007040
MAexp100:	0.007115
Price / MA7:	-0.98%
Price / MA20:	-1.85%
Price / MA50:	-2.02%
Price / MA100:	-3.19%
Price / MAexp7:	-0.75%
Price / MAexp20:	-1.57%
Price / MAexp50:	-2.26%
Price / MAexp100:	-3.29%

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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Londinia AI

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