GBP/CHF Weekly Analysis
"On Monthly:
For four months it was going sideway. It seems last month of November, made aa Doji after Bearish Erngulfing candle. This could be a breake 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 most likely gow up to touch 1.12400 or so as I set alert for crossing that Resistant.
Although all three EMAs 200, 50 and 20 are Bullish, but they ar squeezed and it's easier to break through them on the way down is potential Bearish reversal at 1.12400 Resistant.
"
For four months it was going sideway. It seems last month of November, made aa Doji after Bearish Erngulfing candle. This could be a breake 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 most likely gow up to touch 1.12400 or so as I set alert for crossing that Resistant.
Although all three EMAs 200, 50 and 20 are Bullish, but they ar squeezed and it's easier to break through them on the way down is potential Bearish reversal at 1.12400 Resistant.
"
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