€ / $: towards 1.25

Catégorie [ € / $ ]

   Long term: towards LM / MY

On a yearly basis, Bollinger band spread is not minimal. Our 7 / 23 years moving averages will be without main trend. Our stochastic could be overbought next period. Our MACD is not overbought. UY is a strong resistance.

On a quarterly basis, the status for our stochastic and MACD is a bearish no-crossover. Next pattern for our 7 / 23 quarters moving averages could be a bearish A type crossover.

On a monthly basis, the UM / LM spread was shrinking but it could stabilize. With this hypothesis, LM will be a strong support. A bearish A type crossover will be the next status for our 7 / 23 months moving averages. The status for our stochastic and MACD is overbought. PM As long as our stochastic is not oversold, LM / MY is our next target.

Idea: bear trend in progress

Bet: bearish as long as MM proves to be a resistance.

R = MM (1.3806), UM (1.5145);    S= LM (1.2533), MY (1.2115)

 

Medium term: bearish parallel pattern

On a weekly basis, a bearish parallel qualification is in progress.

Idea: use bearish parallel rules

Bet: LW trend will be down in early May

R = MW (1.3885);     S = PW (1.3267), LW (1.3067)

  

Short term: towards LD

On a daily basis, UD / LD spread is not minimal. Our stochastic is not oversold. LD is our first target.

Idea: a bearish pre-parallel pattern could develop

Bet: MD will act as a resistance

R = MD (1.3475);   S = LD (1.3298)

 

Conclusion: towards LM (1.2532) as long as MM (1.3806) proves to be a resistance.