Weekly Analysis - GBP/CHF
"On Monthly:
For four months it was going sideway. It seems last month of November, made aa Doji after Bearish Engulfing candle. This could be a break from this sideway move to go down to 1.0900 Historical Support.
All three EMA 200, 50 and 20 are Bearish.
-- On Weekly:
In the past 10 Weeks it was going sideway. It's not clear at this point to deny or confirm our Monthly analysis. Maybe lower time frame give us more data.
However, all three EMAs 200, 50 and 20 are Bearish and above the price.
--On Daily:
Here we don't get any more data than what we have seen on Monthly and weekly. Sideway is in the game. EMAs are squeezed and market is undecided around 1.12000 Psychological Support / Resistant.
-- On Hourly:
It broke below 1.1200 and bouncing back off of lower trend line.
Although all three EMAs 200, 50 and 20 are Bearish, but they are squeezed and it's easier to break through them on the way up.
"
For four months it was going sideway. It seems last month of November, made aa Doji after Bearish Engulfing candle. This could be a break from this sideway move to go down to 1.0900 Historical Support.
All three EMA 200, 50 and 20 are Bearish.
-- On Weekly:
In the past 10 Weeks it was going sideway. It's not clear at this point to deny or confirm our Monthly analysis. Maybe lower time frame give us more data.
However, all three EMAs 200, 50 and 20 are Bearish and above the price.
--On Daily:
Here we don't get any more data than what we have seen on Monthly and weekly. Sideway is in the game. EMAs are squeezed and market is undecided around 1.12000 Psychological Support / Resistant.
-- On Hourly:
It broke below 1.1200 and bouncing back off of lower trend line.
Although all three EMAs 200, 50 and 20 are Bearish, but they are squeezed and it's easier to break through them on the way up.
"
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