USD / JPY : plus bas à moyen / long terme

Long term: a collapse is not ruled out

On a yearly basis, a close occurred below LY and Bollinger bands are slowly down. A bearish non-crossover is the status for our 7 / 23 years moving averages. Our stochastic is overbought. The decline in progress could continue.

On a quarterly basis, UQ / LQ spread is increasing and a bearish parallel pattern is in progress. On a monthly basis, a bearish pre-parallel pattern was in progress. Now the pattern is a bearish parallel one.

Idea: use bearish quarterly parallel rules.

R = PW (92.93); S = LW (84.47) and -.

 

Medium term: bearish parallel pattern

 On a weekly basis, Bollinger bands spread was expending when a bearish crossover between MW and PW occurred. A bearish parallel pattern is in progress.

Idea: use bearish parallel rules.

R = PW (92.93); S = 87.13, LW (84.47)

 

Short term: flat

On a daily basis, the spread UD / LD is not minimal but is shrinking. Stochastic, MACD and 7 / 23 moving averages are flat. MD (89.69) is our first resistance and UD (91.16) is the next one. PD (87.79) = support.

Idea: bearish non-crossover for our  7 / 23 days moving averages if PD fails as a support.

R = MD (89.69);   S = PD (87.79), LW (84.47)

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Conclusion: with a weekly bearish non-crossover as a status for our stochastic, a collapse could develop.

 

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