GYEN - GYEN/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	GYENUSD
ISIN:

GYEN - GYEN/USD - Daily - Technical analysis published on 06/06/2023 (GMT)

Londinia

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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

5.5

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 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:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

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 - 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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