Long term: new bear trend?

On a yearly basis, UY is flat. The trend for our 7 / 23 years moving averages is not bearish. Our stochastic could be overbought at the end of this period with a bearish divergence. Below MY, the main trend will be bearish.

On a quarterly basis, for our stochastic the status is a bearish divergence (wait the end of Q3 for a validation). With this hypothesis, MQ is our first support. LQ is flat.  Next quarter an opposite pattern could develop: a bullish pre-parallel. With this hypothesis USD should be stronger than €.

On a monthly basis, our 7 / 23 moving averages are not bearish. A bearish B type crossover is expected. A bearish non-crossover is the status for our stochastic (and a bearish divergence is in progress). LM is our next objective.

Idea: quarterly MACD status will be the key for investors.

 R = UW (120.26);    S = LM (110.96), MY (109.41), LQ (101.93)

Medium term: bearish without ATDMF pattern

On a weekly basis, the status for our 7 / 23 weeks moving averages could be a bearish non-crossover. The status for our stochastic is a bullish non-crossover.

Idea: as long as our MACD is not overbought, UW is our main resistance.

R = UW (120.26);      S = LW (113.62)

 Short term: neutral

On a daily basis, UD / LD spread is minimal. With our weekly trend, UD is a strong resistance. Below LD, a bearish ATDMF pattern could develop.

Idea: nothing to do.

R = UD (118.02);       S = LD (116.6), LW (113.62)

Conclusion: with a bearish divergence as a status for our quarterly stochastic (end of Q3), a Major financial crisis will develop.