€ / $: without main trend

   Long term: neutral

On a yearly basis, Bollinger band spread is not minimal, LY could decline and UY is rising. Our 7 / 23 moving averages are up and our MACD will be overbought in two periods or more (bullish non-crossover in progress). UY is our first target.

On a quarterly basis, a bullish no-crossover could develop next year with our 7 / 23 quarters moving averages. The status for our stochastic and MACD is a weak bearish no-crossover. As long as MQ proves to be a support, UQ / PQ are our main target.

On a monthly basis, the UM / LM spread is maximal. A bullish B type crossover is the status for our 7 / 23 months moving averages. A recovery could develop as long as MM proves to be a support (end of period).

Idea: towards LM if MQ fails as a support

Bet: MQ will act as a support

R = UY (1.5187), UQ (1.575);    S= MM (1.4101), MQ (1.3592), LM (1.2384)

 

Medium term: Bollinger Bands spread is not minimal

On a weekly basis; with our 7 / 23 moving averages, a bearish A type crossover could develop. A bearish no-crossover is in progress with our MACD. With the monthly trend, no bearish ATDMF pattern could develop on a weekly basis.

Idea: LW could act as a support

Bet: bearish pre-parallel pattern

R = MW (1.4658);     S = LW (1.4184)

 

Short term: Bollinger Bands spread is not minimallrt term: no trend965Y (1.4243amilliales) enance personnelle.tellis

On a daily basis; a decline is in progress. With a close above MD, UD is our next target.

Idea: MD will act as a resistance.

Bet: trading range for 2 weeks.

R = MD (1.4442), UD (1.4705);   S = PD (1.4242), LD (1.4156)

 

Conclusion: without clear main trend.

 

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