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 (1.2052) 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 (1.2052), LQ (1.1131) 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 = MM (1.4355); S =1.2330, MY (1.2052), LQ (1.1131)
Medium term: focus on next week close
On a weekly basis, Bollinger bands spread is maximal. A bearish trend is in progress for our 7 / 23 weeks moving averages. But, next week a bullish A type crossover could develop. With this hypothesis, UW (1.4062) will be our first objective. Above this level, the rise could continue towards MM (1.4355). Otherwise; if PW (1.3885) acts as a resistance until the end of the first week of April, a collapse could develop. See also our 7 weeks dynamic. MW (1.3125) and LW (1.2188) are our April 09 objectives.
Idea: with a bearish non-crossover as a new status for our 7 / 23 weeks moving averages, one of the most powerful bear trend will develop.
R = PW (1.3885), UW (1.4062); S = MW (1.3125), LW (1.2188)
Short term: bullish parallel pattern in progress
On a daily basis, a bullish parallel pattern is in progress.
Idea: use bullish parallel rules.
R = UD (1.3748); S =PD (1.3107), MD (1.2969).
Conclusion: at the end of the first week of April, a 3 to 6 months trend will begin.
Position: Previous: out; Next: see conclusion; Since 01/01 = NS