Long term: monthly bearish non-crossover for our stochastic and MACD
On a yearly basis, Bollinger band spread is not minimal and LY is flat. Within two periods our 7 / 23 moving averages and stochastic will be neutral. MY (1.2039) is our first support.
On a quarterly basis, the trend for our 7 / 23 quarters moving averages is not bearish. Our stochastic and MACD are overbought. Prices will move lower. Below MY (1.2039), LQ (1.1117) could be a target.
On a monthly basis, the UM / LM spread is maximal but a dynamic for each Bollinger band is in progress. A bearish A type crossover is the status for our 7 / 23 months moving averages. The status for our stochastic and MACD is a bearish non-crossover. 1.2330 (current low) is our first objective.
Idea: spread UM / LM will increase with lower prices.
R = MQ (1.3258); S =1.2330, MY (1.2039), LQ (1.1117)
Medium term: lower
On a weekly basis, Bollinger bands spread is maximal. A bearish trend is in progress for our 7 / 23 weeks moving averages. Our stochastic and MACD are overbought. As long as MW (1.3139) proves to be a resistance, a decline towards LW (1.2217) is expected.
Idea: towards LW (1.2217)
R = MW (1.3139); S = LW (1.2217), –
Short term: bearish pattern tomorrow
On a daily basis, UD / LD spread is minimal. UD is up. A bearish non-crossover is the status for our 7 / 23 days moving averages. With a close below LD (1.2669) and a new low tomorrow, LW will be our first objective.
Idea: no bearish ATDMF pattern (no non-crossover on a weekly basis).
R = MD (1.2932); S = LW (1.2217)
Conclusion: below LW (1.2217) before the end of Q1.