€ / CHF: weak

Catégorie [ € / CHF ]

Long term: collapse in progress

 On a yearly basis, UY / LY spread is minimal. A bearish no-crossover is in progress for some periods with our 7 / 23 years moving averages. Our stochastic is overbought and the same status is expected for our MACD.

 On a quarterly basis, Bollinger Bands spread is expending dramatically. The trend for our stochastic, MACD and 7 / 23 quarters moving averages is bearish. As long as our MACD is not oversold, the decline in progress will continue or expend.

On a monthly basis, the trend for our stochastic, MACD and 7 / 23 quarters moving averages is bearish. As long as our MACD is not oversold, the decline in progress will continue or expend.

Idea: lower and lower until 2011 or +

Bet: yearly MACD will be overbought in early 2011

R = MM (1.4889);     S =  -, –, —

 

Medium term: bearish parallel pattern

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

Idea: use bearish parallel rules. 

Bet: lower

R = MW (1.435);    S = -

 

Short term: bearish no-crossover with PD

On a daily basis, Bollinger bands spread was maximal but continue to increase. PD acted as a resistance. This morning, a new low have been done. A new bear trend could develop with an overbought status for our MACD.

Idea: lower

Bet: below 1.35

R = PD (1.4041);     S= 1.35, -

 

Conclusion: towards 1.35 and 1.3 and 1?