€ / CHF: towards 1, but not this year…

Catégorie [ € / CHF ]

   Long term: bearish for some years

On a yearly basis, a PEI is in progress with our moving averages.

On a quarterly basis, a type II is in progress.

 On a monthly basis, a type III is in progress.

Idea: very powerful bear trend

Bet: towards 1???

R = PM (1.3241);    S= LM (1.1875), —

 

Medium term: bearish parallel

On a weekly basis, UW / LW spread was a minimal / reference one. A bearish parallel pattern is in progress.  

Idea: use bearish parallel rules

Bet: lower

R = MW (1.2815);     S = LM (1.1875), —

  

Short term: bearish parallel

On a daily basis, a bearish pre-parallel occurred.

Idea: use bearish parallel rules

Bet: with a PEI as a status for our MACD, a sell-off is likely.

 

R = PD (1.2323);   S = LD (1.2139)

 

Conclusion: sell-off as long as MD = resistance.