GYEN - GYEN/USD - Daily - Technical analysis published on 06/06/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 0.007259 USD
My targets
0.007029 USD (-1.65%)
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 0.007259 USD. The next support located at 0.007029 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GYEN - GYEN/USD price is 0.007147 USD. On the day, this instrument lost -0.40% with the lowest point at 0.007132 USD and the highest point at 0.007188 USD. The deviation from the price is +0.21% for the low point and -0.57% for the high point.0.007132
0.007188
0.007147
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 (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this GYEN - GYEN/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|
ProTrendLines | 0.007029 | 0.007109 | 0.007147 | 0.007170 | 0.007259 | 0.007467 |
Change (%) | -1.65% | -0.53% | - | +0.32% | +1.57% | +4.48% |
Change | -0.000118 | -0.000038 | - | +0.000023 | +0.000112 | +0.000320 |
Level | Minor | Major | - | Major | Intermediate | Intermediate |
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 | 0.007029 | 0.007068 | 0.007122 | 0.007161 | 0.007215 | 0.007254 | 0.007308 |
Camarilla | 0.007150 | 0.007159 | 0.007168 | 0.007176 | 0.007185 | 0.007193 | 0.007202 |
Woodie | 0.007037 | 0.007072 | 0.007130 | 0.007165 | 0.007223 | 0.007258 | 0.007316 |
Fibonacci | 0.007068 | 0.007104 | 0.007126 | 0.007161 | 0.007197 | 0.007219 | 0.007254 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.006907 | 0.006987 | 0.007080 | 0.007160 | 0.007253 | 0.007333 | 0.007426 |
Camarilla | 0.007126 | 0.007142 | 0.007158 | 0.007174 | 0.007190 | 0.007206 | 0.007222 |
Woodie | 0.006915 | 0.006990 | 0.007088 | 0.007163 | 0.007261 | 0.007336 | 0.007434 |
Fibonacci | 0.006987 | 0.007053 | 0.007094 | 0.007160 | 0.007226 | 0.007267 | 0.007333 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.006587 | 0.006826 | 0.007001 | 0.007240 | 0.007415 | 0.007654 | 0.007829 |
Camarilla | 0.007061 | 0.007099 | 0.007137 | 0.007175 | 0.007213 | 0.007251 | 0.007289 |
Woodie | 0.006554 | 0.006810 | 0.006968 | 0.007224 | 0.007382 | 0.007638 | 0.007796 |
Fibonacci | 0.006826 | 0.006985 | 0.007082 | 0.007240 | 0.007399 | 0.007496 | 0.007654 |
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): | 43.51 | |
MACD (12,26,9): | 0.0000 | |
Directional Movement: | 2.043598 | |
AROON (14): | -28.571429 | |
DEMA (21): | 0.007138 | |
Parabolic SAR (0,02-0,02-0,2): | 0.007103 | |
Elder Ray (13): | -0.000016 | |
Super Trend (3,10): | 0.007391 | |
Zig ZAG (10): | 0.007147 | |
VORTEX (21): | 0.9338 | |
Stochastique (14,3,5): | 46.44 | |
TEMA (21): | 0.007145 | |
Williams %R (14): | -65.38 | |
Chande Momentum Oscillator (20): | 0.000022 | |
Repulse (5,40,3): | 0.0336 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0961 | |
Courbe Coppock: | 1.11 |
MA7: | 0.007176 | |
MA20: | 0.007177 | |
MA50: | 0.007292 | |
MA100: | 0.007381 | |
MAexp7: | 0.007168 | |
MAexp20: | 0.007194 | |
MAexp50: | 0.007275 | |
MAexp100: | 0.007334 | |
Price / MA7: | -0.40% | |
Price / MA20: | -0.42% | |
Price / MA50: | -1.99% | |
Price / MA100: | -3.17% | |
Price / MAexp7: | -0.29% | |
Price / MAexp20: | -0.65% | |
Price / MAexp50: | -1.76% | |
Price / MAexp100: | -2.55% |
Quotes :
-
Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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