Weekly Analysis - EUR/GBP
"On Monthly:
Last month November, it made a Bearish Engulfing Candle and break through S. 0.83400.
For December, it made a Doja so far and it seems there is a weak Bullish divergence compare to RSI.
EMAs are split, 200 shows Bullish while 20 & 50 are Bearish.
-- On Weekly:
The Bearish move seems is strong and continues.
All Three EMA, 200, 50 and 20 are above the price.
However, it is inching towards 52 Weeks Low (Yellow Dotted line) after S. 0.82900.
However, 0.82900 is a Psychological and Historical number as well as 52WL.
--On Daily:
It doesn't give much more data than what we know from Monthly and Weekly.
All three EMA 200, 50, and 20 are above the price.
However, you can still see the sign of reversal as it created a Hammer candle formation at a very strong Support 0.82900.
-- On Hourly:
Price is bouncing around 0.82900. Because at the higher time frame we have noticed a Bullish Divergence, price will go up, but not significantly. Perhaps around the neck of Double Top formation (Blue) and nose down back to Daily trendline.
"
Last month November, it made a Bearish Engulfing Candle and break through S. 0.83400.
For December, it made a Doja so far and it seems there is a weak Bullish divergence compare to RSI.
EMAs are split, 200 shows Bullish while 20 & 50 are Bearish.
-- On Weekly:
The Bearish move seems is strong and continues.
All Three EMA, 200, 50 and 20 are above the price.
However, it is inching towards 52 Weeks Low (Yellow Dotted line) after S. 0.82900.
However, 0.82900 is a Psychological and Historical number as well as 52WL.
--On Daily:
It doesn't give much more data than what we know from Monthly and Weekly.
All three EMA 200, 50, and 20 are above the price.
However, you can still see the sign of reversal as it created a Hammer candle formation at a very strong Support 0.82900.
-- On Hourly:
Price is bouncing around 0.82900. Because at the higher time frame we have noticed a Bullish Divergence, price will go up, but not significantly. Perhaps around the neck of Double Top formation (Blue) and nose down back to Daily trendline.
"
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