GYEN - GYEN/USD - 1H - Technical analysis published on 08/16/2023 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 0.006955 USD
My targets
0.006864 USD (-0.56%)
My analysis
In a bearish trend, the price of GYEN - GYEN/USD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.006955 USD. A bearish break in the support located at 0.006864 USD would revive the bearish momentum and fuel the basic trend. PS: if there is a bullish break in the resistance located at 0.006955 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
1.4
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Additional analysis
Quotes
GYEN - GYEN/USD rating 0.006903 USD. On the day, this instrument lost -0.29% and was traded between 0.006832 USD and 0.006995 USD over the period. The price is currently at +1.04% from its lowest and -1.32% from its highest.0.006832
0.006995
0.006903
Here is a more detailed summary of the historical variations registered by GYEN - GYEN/USD:
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GYEN - GYEN/USD chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.006864 | 0.006879 | 0.006903 | 0.006909 | 0.006955 | 0.006981 |
| Change (%) | -0.56% | -0.35% | - | +0.09% | +0.75% | +1.13% |
| Change | -0.000039 | -0.000024 | - | +0.000006 | +0.000052 | +0.000078 |
| Level | Minor | Intermediate | - | Intermediate | Major | 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 | 0.006779 | 0.006820 | 0.006872 | 0.006913 | 0.006965 | 0.007006 | 0.007058 |
| Camarilla | 0.006897 | 0.006906 | 0.006915 | 0.006923 | 0.006932 | 0.006940 | 0.006949 |
| Woodie | 0.006784 | 0.006823 | 0.006877 | 0.006916 | 0.006970 | 0.007009 | 0.007063 |
| Fibonacci | 0.006820 | 0.006856 | 0.006878 | 0.006913 | 0.006949 | 0.006971 | 0.007006 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006652 | 0.006766 | 0.006822 | 0.006936 | 0.006992 | 0.007106 | 0.007162 |
| Camarilla | 0.006832 | 0.006848 | 0.006863 | 0.006879 | 0.006895 | 0.006910 | 0.006926 |
| Woodie | 0.006624 | 0.006752 | 0.006794 | 0.006922 | 0.006964 | 0.007092 | 0.007134 |
| Fibonacci | 0.006766 | 0.006831 | 0.006871 | 0.006936 | 0.007001 | 0.007041 | 0.007106 |
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 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): | 42.44 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 27.845338 | |
| AROON (14): | 7.142857 | |
| DEMA (21): | 0.006848 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.006835 | |
| Elder Ray (13): | -0.000013 | |
| Super Trend (3,10): | 0.006887 | |
| Zig ZAG (10): | 0.006844 | |
| VORTEX (21): | 0.8411 | |
| Stochastique (14,3,5): | 10.77 | |
| TEMA (21): | 0.006842 | |
| Williams %R (14): | -90.77 | |
| Chande Momentum Oscillator (20): | -0.000035 | |
| Repulse (5,40,3): | -0.6324 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0165 | |
| Courbe Coppock: | 0.89 |
| MA7: | 0.006885 | |
| MA20: | 0.006967 | |
| MA50: | 0.007015 | |
| MA100: | 0.007088 | |
| MAexp7: | 0.006848 | |
| MAexp20: | 0.006861 | |
| MAexp50: | 0.006872 | |
| MAexp100: | 0.006884 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | -0.92% | |
| Price / MA50: | -1.60% | |
| Price / MA100: | -2.61% | |
| Price / MAexp7: | +0.80% | |
| Price / MAexp20: | +0.61% | |
| Price / MAexp50: | +0.45% | |
| Price / MAexp100: | +0.28% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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