Long term: stabilization
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. UY (1.4925) is a strong resistance.
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 MQ (1.3284), LM (1.2624) is our next objective.
On a monthly basis, the UM / LM spread is maximal and will stay with this status for some periods. A weak bearish A type crossover could be the status for our 7 / 23 months moving averages. The status for our stochastic and MACD is a bearish non-crossover. LM is our main target.
Idea: towards LM (1.2625) is expected.
R = MM (1.4432); S = LM (1.2625), MY (1.2066)
Medium term: choppy
On a weekly basis, Bollinger bands spread is maximal. Within 3 weeks, a bearish non-crossover could be the status for our 7 / 23 weeks moving averages. As long as MW (1.3565) proves to be a resistance, the status of our MACD could be overbought. With this hypothesis, a decline towards LW (1.2163) is expected. If PW (1.2783) act as a support, a recovery towards MW or MM (1.4432) could develop.
Idea: bullish non-crossover for PW?
R = MW (1.3565), MM (1.4432); S = PW (1.2783) / LM (1.2626), LW (1.2164)
Short term: towards LD (1.3)
On a daily basis, Bollinger bands spread is maximal. A bearish non-crossover is the status for our stochastic. LD (1.3) is our main target.
Idea: bearish as long as MD (1.3803) proves to be a resistance.
R = MD (1.3803); S = LD (1.3)
Conclusion: LM (1.2626) could be a target in Q1.