Long term: higher next year
On a yearly basis, Bollinger band spread is not minimal, LY is flat but UY is rising. Our 7 / 23 moving averages are up and our MACD will not be overbought before two periods or more. UY could be a target.
On a quarterly basis, the trend for our 7 / 23 quarters moving averages is neutral. Our stochastic and MACD are overbought but could be neutral / oversold at the end of 2009. As long as MQ proves to be a support, UQ / PQ is our main target.
On a monthly basis, the UM / LM spread is maximal. A bullish B type crossover could be the next status for our 7 / 23 months moving averages. The status for our stochastic and MACD is oversold. Above 1.4719, UY is our main target.
Idea: higher as long as MQ = support
R = 1.4719 (Dec 08 high), UY (1.4943), UQ (1.5494); S= MQ (1.3443)
Medium term: UW = resistance
On a weekly basis, UW / LW spread is not minimal. UW is flat. M23 will stay up for some periods. As long as MW proves to be a support, a decline is only a technical move. Below MW, LW will be a very strong support.
Idea: with UW / LW spread, out of this time frame.
R = UW (1.4606), 1.4719; S = MW (1.4015), LW (1.3424)
Short term: UD / LD spread is minimal
On a daily basis, Bollinger band spread is increasing. With UW resistance, no bullish ATDMF pattern could develop.
R = UW (1.4606); S = MD (1.4287)
Conclusion: short time rally will fade away.