€ / $: a collapse could develop within a month

Catégorie [ € / $ ]

Long term: weak

On a yearly basis, Bollinger bands spread is not minimal. Our 7 / 23 years moving averages are slightly bullish until the next period. Stochastic is overbought. UY is a far away resistance and MY is our first support.

On a quarterly basis, Bollinger spread is a reference one and UQ / LQ spread is expending. A bearish no-crossover is the status for each of TAM tools. June 2010 low (1.1877) is our first objective.

On a monthly basis, the UM / LM spread is above a reference one but is expending. A bearish no-crossover is the status for our stochastic. MM is a far away resistance. Below 1.1877 a collapse is expected.

Idea: lower as long as our monthly stochastic is not oversold

Bet: below 1.1877 is not ruled out.

R= MM (1.3592);    S= LQ (1.234), 1.1877, 1.000.

Medium term: lower

On a weekly basis, UW / LW spread is expending. No PEI is in progress.

Idea: lower with as long as our stochastic is not oversold

Bet: a bearish no-crossover could be the status for our stochastic.

R = MW (1.3028);     S = LQ (1.234).

Short term: bearish parallel pattern

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

Idea: use bearish parallel pattern rules

Bet: a bearish no-crossover could be the status for our moving averages.

R = MD (1.2547);   S = LD (1.2327).

Conclusion: with a bearish no-crossover as a status for our weekly stochastic, a collapse will develop.