GYEN - GYEN/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	GYENUSD
ISIN:

GYEN - GYEN/USD - 1H - Technical analysis published on 04/26/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

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

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

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:

The Central Records scanner for higher/lower results shows the following items:

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 Indicators scanner specialised in technical indicators, has not detected anything further.

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

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 : - 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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