GYEN - GYEN/USD - 1H - Technical analysis published on 04/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 0.006351 USD
My targets
0.006116 USD (-3.27%)
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 0.006351 USD. The sellers' bearish objective is set at 0.006116 USD. A bearish break of this support would revive the bearish momentum. 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
0
10
7
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Additional analysis
Quotes
The GYEN - GYEN/USD rating is 0.006323 USD. On the day, this instrument lost -0.16% with the lowest point at 0.006306 USD and the highest point at 0.006379 USD. The deviation from the price is +0.27% for the low point and -0.88% for the high point.0.006306
0.006379
0.006323
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
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 this 1H chart of GYEN - GYEN/USD indicates that the overall trend is strongly bearish. 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, only 8 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.006116 | 0.006301 | 0.006323 | 0.006326 | 0.006351 | 0.006376 |
| Change (%) | -3.27% | -0.35% | - | +0.05% | +0.44% | +0.84% |
| Change | -0.000207 | -0.000022 | - | +0.000003 | +0.000028 | +0.000053 |
| Level | Major | Major | - | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006235 | 0.006278 | 0.006306 | 0.006349 | 0.006377 | 0.006420 | 0.006448 |
| Camarilla | 0.006314 | 0.006320 | 0.006327 | 0.006333 | 0.006340 | 0.006346 | 0.006353 |
| Woodie | 0.006227 | 0.006274 | 0.006298 | 0.006345 | 0.006369 | 0.006416 | 0.006440 |
| Fibonacci | 0.006278 | 0.006306 | 0.006322 | 0.006349 | 0.006377 | 0.006393 | 0.006420 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006080 | 0.006194 | 0.006287 | 0.006401 | 0.006494 | 0.006608 | 0.006701 |
| Camarilla | 0.006322 | 0.006341 | 0.006360 | 0.006379 | 0.006398 | 0.006417 | 0.006436 |
| Woodie | 0.006069 | 0.006189 | 0.006276 | 0.006396 | 0.006483 | 0.006603 | 0.006690 |
| Fibonacci | 0.006194 | 0.006273 | 0.006322 | 0.006401 | 0.006480 | 0.006529 | 0.006608 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006045 | 0.006255 | 0.006392 | 0.006602 | 0.006739 | 0.006949 | 0.007086 |
| Camarilla | 0.006434 | 0.006465 | 0.006497 | 0.006529 | 0.006561 | 0.006593 | 0.006624 |
| Woodie | 0.006009 | 0.006237 | 0.006356 | 0.006584 | 0.006703 | 0.006931 | 0.007050 |
| Fibonacci | 0.006255 | 0.006388 | 0.006469 | 0.006602 | 0.006735 | 0.006816 | 0.006949 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.13 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -9.982561 | |
| AROON (14): | -85.714286 | |
| DEMA (21): | 0.006325 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.006358 | |
| Elder Ray (13): | -0.000012 | |
| Super Trend (3,10): | 0.006397 | |
| Zig ZAG (10): | 0.006322 | |
| VORTEX (21): | 0.9278 | |
| Stochastique (14,3,5): | 16.53 | |
| TEMA (21): | 0.006316 | |
| Williams %R (14): | -76.81 | |
| Chande Momentum Oscillator (20): | -0.000030 | |
| Repulse (5,40,3): | -0.1001 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0188 | |
| Courbe Coppock: | 1.20 |
| MA7: | 0.006351 | |
| MA20: | 0.006423 | |
| MA50: | 0.006512 | |
| MA100: | 0.006548 | |
| MAexp7: | 0.006320 | |
| MAexp20: | 0.006337 | |
| MAexp50: | 0.006347 | |
| MAexp100: | 0.006355 | |
| Price / MA7: | -0.44% | |
| Price / MA20: | -1.56% | |
| Price / MA50: | -2.90% | |
| Price / MA100: | -3.44% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.38% | |
| Price / MAexp100: | -0.50% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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