EUR / GBP: add long position?

Catégorie [ Autres devises ]

Long term: weak

On a yearly basis, Bollinger bands spread is above a reference one. Moving averages are up and stochastic is neutral.

On a quarterly basis, Bollinger bands will be flat. Stochastic and MACD are not yet oversold. MQ is our main resistance.

On a monthly basis, stochastic and MACD are oversold and M23 will continue to decline.

Idea: as long as the trend for our monthly moving averages is against the MACD one, no main trend will emerge

Bet: nothing to do.

R= MQ (.8541), UQ (.9305);    S= MM (.833), LM (.77)

Medium term: rise

On a weekly basis, with a NEI on the monthly basis, no bull market could be in progress.

Idea: weekly MACD is our leading indicator

Bet: towards .8541.

R= MQ (.8541);     S = MW (.8105).

Short term: rise

A type II is in progress.

Idea: use parallel rules

Bet: add long position.

R = MQ (.8541);        S = MD (.8239).

Conclusion: long with a PEI as a status for our daily stochastic.