GYEN - GYEN/USD - 1H - Technical analysis published on 12/11/2023 (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:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 0.006909 USD
My targets
0.006805 USD (-0.77%)
0.006758 USD (-1.46%)
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 0.006909 USD. The next support located at 0.006805 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 0.006758 USD. Below this support, sellers could then target 0.006724 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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Additional analysis
Quotes
The GYEN - GYEN/USD rating is 0.006858 USD. The price is lower by -0.54% since the last closing and was between 0.006851 USD and 0.006895 USD. This implies that the price is at +0.10% from its lowest and at -0.54% from its highest.0.006851
0.006895
0.006858
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a 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. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.006758 | 0.006805 | 0.006823 | 0.006858 | 0.006889 | 0.006909 | 0.006939 |
| Change (%) | -1.46% | -0.77% | -0.51% | - | +0.45% | +0.74% | +1.18% |
| Change | -0.000100 | -0.000053 | -0.000035 | - | +0.000031 | +0.000051 | +0.000081 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006862 | 0.006873 | 0.006884 | 0.006895 | 0.006906 | 0.006917 | 0.006928 |
| Camarilla | 0.006889 | 0.006891 | 0.006893 | 0.006895 | 0.006897 | 0.006899 | 0.006901 |
| Woodie | 0.006862 | 0.006873 | 0.006884 | 0.006895 | 0.006906 | 0.006917 | 0.006928 |
| Fibonacci | 0.006873 | 0.006881 | 0.006887 | 0.006895 | 0.006903 | 0.006909 | 0.006917 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006649 | 0.006717 | 0.006804 | 0.006872 | 0.006959 | 0.007027 | 0.007114 |
| Camarilla | 0.006849 | 0.006864 | 0.006878 | 0.006892 | 0.006906 | 0.006920 | 0.006935 |
| Woodie | 0.006660 | 0.006722 | 0.006815 | 0.006877 | 0.006970 | 0.007032 | 0.007125 |
| Fibonacci | 0.006717 | 0.006776 | 0.006813 | 0.006872 | 0.006931 | 0.006968 | 0.007027 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006413 | 0.006506 | 0.006639 | 0.006732 | 0.006865 | 0.006958 | 0.007091 |
| Camarilla | 0.006709 | 0.006730 | 0.006750 | 0.006771 | 0.006792 | 0.006812 | 0.006833 |
| Woodie | 0.006432 | 0.006516 | 0.006658 | 0.006742 | 0.006884 | 0.006968 | 0.007110 |
| Fibonacci | 0.006506 | 0.006593 | 0.006646 | 0.006732 | 0.006819 | 0.006872 | 0.006958 |
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): | 27.83 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -8.538733 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.006868 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.006886 | |
| Elder Ray (13): | -0.000013 | |
| Super Trend (3,10): | 0.006887 | |
| Zig ZAG (10): | 0.006857 | |
| VORTEX (21): | 0.7446 | |
| Stochastique (14,3,5): | 12.24 | |
| TEMA (21): | 0.006861 | |
| Williams %R (14): | -87.76 | |
| Chande Momentum Oscillator (20): | -0.000033 | |
| Repulse (5,40,3): | -0.1508 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0107 | |
| Courbe Coppock: | 0.75 |
| MA7: | 0.006865 | |
| MA20: | 0.006798 | |
| MA50: | 0.006735 | |
| MA100: | 0.006761 | |
| MAexp7: | 0.006865 | |
| MAexp20: | 0.006878 | |
| MAexp50: | 0.006886 | |
| MAexp100: | 0.006880 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | +0.88% | |
| Price / MA50: | +1.83% | |
| Price / MA100: | +1.43% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -0.41% | |
| Price / MAexp100: | -0.32% |
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.
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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