Contrat 3 M Euribor: outlook for 2009

Catégorie [ Contat Euribor ]

 

Long term: higher

On a monthly basis, next status for our 7 / 23 months moving averages will be a bullish A type crossover. Stochastic and MCD are oversold. As long as our MACD is not overbought, the rise will continue.

Idea: higher

 

Medium term: bullish parallel pattern

On a weekly basis, the spread UW / LW was minimal when a close occurred above UW. The status for our 7 / 23 moving averages is a bullish A type crossover. A bullish non-crossover is the status for our stochastic and MACD. Bollinger Bands had a strong dynamic + bullish crossover PW / MW. A bullish parallel pattern is in progress.

Idea: use bullish parallel rules.