AUD / USD: higher

Catégorie [ Autres devises ]

Long term: bullish

On a yearly basis, Bollinger Bands spread is increasing. A PEI is in progress with our stochastic and MACD.

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

On a monthly basis, this time frame is without trend.

Idea: higher as long as our stochastic is not overbought

Bet:  UM= strong resistance.

R= UM (1.0906);    S= MM (1.04), LM (.9894)

Medium term: higher

On a weekly basis, UW / LW spread is minimal. A PEI will develop with our moving averages.

Idea: higher without a bullish pattern (monthly MACD as a NEI).

Bet: towards UW.

R = UW (1.0582);     S = MW (1.0363).

Short term: rise

On a daily basis, Bollinger Bands spread is above a reference one.

Idea: higher as long as our MACD is not overbought

Bet: towards UW.

R = UW (1.0582);   S = MD (1.0342).

Conclusion: recovery.