EUR / GPB: higher

Catégorie [ Autres devises ]

Long term: towards UM or higher

On a yearly basis, Bollinger band spread is not minimal but is increasing. A bullish no-crossover is in progress with our stochastic and MACD. UY is our first target.

On a quarterly basis, a bullish parallel is in progress (type I)

 On a monthly basis, the UM / LM spread is flat and far away from its minimal level. A bullish no-crossover is in progress with our stochastic. UM is our first resistance.

Idea: towards UM

Bet: UM as a target as long as our stochastic is not overbought.

R = UM (.9129), UQ (.9851);    S= MM (.8663)

 

Medium: higher

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

Idea: above UW, UM is our next target

Bet: rise.

R = UW (.9021);     S = MW (.8752)

 

 

Short term: higher

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

Idea: rise as long as our MACD is not overbought

Bet: towards UM or above.

 

R = UM (.9129);   S = MD (.8874)

 

Conclusion: higher.