I will begin my analysis for EUR/GBP today with the daily chart. Yesterday the market opened away from the daily 5 ema and rose to it and nearly touched it.
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I begin my analysis for the Swissy today with the daily time frame.
On the daily time frame I can see that yesterday this pair made a higher low and a slightly higher high and price seems to be rising from the recent fib it has made to the upside.
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The EUR/USD has been making higher lows for the past six trading days, and is up ever so slightly after opening the week at 1.38329.
The USD/CHF pair has been propelled by recent announcements out of the Swiss National Bank deploring the heightened value of its currency.
Currency: GBP/USD Trend Expected Direction: Down Strategy: Elliott Waves and Fibonacci Trading
USD/CHF Based on Doug’s analysis of the USD/CHF, it continues to remain bullish, which creates an investment opportunity in the following positions: “High” or “Above”, “Touch” or “No Touch Down” on the USD/CHF.
This pair still appears to be within a range even though it broke out of its price trap, revisited and fell just a bit. On the daily chart it is very obvious that price has been floating around in between the 50.0 and 61.8 fib zone.
The EUR/USD is looking bearish to me today. Beginning my analysis with a brief look at the weekly chart it is very obvious price has been in a downtrend.
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The EUR/JPY has recently made a 50.0 fib to the down side overlapped with a 55 ema on the weekly time frame and at this time the weekly candle is just below the 21 ema.
Beginning my analysis today with the EUR/GBP weekly chart I see that price is now approaching the 144 ema and the 5 ema is heading down and is building up angle and separation from the other ema's.
Beginning my analysis with the Swissy weekly time frame the Swissy looks bullish. Price is clearly riding along the 5 ema and the 13 ema has crossed above the 21 and the upper Bollinger band is pointing up.
The Aussie seems to be stuck on the daily S/R zone around 1.0326 and has not closed below this level since October 20th.
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Starting out with the weekly chart for this pair it is easy to see this pair made a 50.0 fib that perfectly overlapped with the 55 ema.