MONTHLY: - JANUARY DOJI CANDLE SHOWING INDECISION - EMAS HAVE HAD A BEARISH CROSSOVER - WE ARE DUE A LOWER HIGH FOLLOWING THE LONG TERM TREND
WEEKLY: - BROKEN THE DESCENDING TREND LINE - WE ARE STARTING TO BREAK THE 50EMA - GOOD BULLISH WEEKLY CANDLE PUSHING US IN THE RIGHT DIRECTION TO FOLLOW THE TREND - BREAK AND RETEST OF THE 1.1135 LEVEL OF SUPPORT
DAILY: - NEW FIBONACCI AWAITING A RETRACEMENT - PRICE IS ABOVE THE 200EMA AND EMAS ARE NOW CONVERGING - HIT THE PRIOR WEEKLY ASCENDING CHANNEL BOTTOM AND BEEN CAPPED - NOW HAD A TOUCH OF 50% & 50EMA BOUNCE
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