Editorial,

La faiblesse de l’USD est généralisée. Contre le Yen, une nouvelle accélération du mouvement est en cours depuis hier soir. Habituellement, sur ce couple de devises, les mouvements sont brutaux. A surveiller dans les prochaines heures.

 

USD – JPY

 

(Pour une traduction du texte en français, utilisez Babel Fish de Yahoo)

 

Long term:  LQ (103.28), first objective

On a yearly basis, the status for stochastic and MACD is a bullish non-crossover. The status for our 7 – 23 years moving averages is a bearish non-crossover. MY (117.38) is our main resistance.

On a quarterly basis, UQ and LQ are declining softly. With our 7 – 23 quarters moving averages next status will be a bearish A type crossover. Our stochastic and MACD are overbought. PQ (107.22) failed as a support. LQ (103.28) is our main objective.

On a monthly basis, the status for our stochastic and MACD is a bearish divergence with a bearish non-crossover for our stochastic. With our 7 – 23 moving averages, a bearish A type crossover is in progress. Bollinger bands are diverging. The bear trend could continue for 3 months or more.

Idea: LQ (103.28) is our next objective.

 

Medium term: lower

 On a weekly basis, our indicators are bearish with a bearish non-crossover for our 7 – 23 weeks moving averages. As long as our MACD is not oversold, the decline will continue.

Idea: a bear trend is in progress.

 

Short term: lower

On a daily basis, the spread UD – LD was not minimal when a close occurred below LD. A bearish Australian pattern is in progress. As long as our MACD is not oversold (bearish non-crossover in progress), the bear trend will continue.

Idea: strong strength on the bear side.

 

Conclusion: LQ (103.28), first objective.