USD / CHF = toppish (this week)

Long term: lower

 On a yearly basis, UY / LY spread is increasing slowly. A bearish non-crossover is in progress for some periods with our 7 / 23 years moving averages. Our stochastic and MACD are overbought.

 On a quarterly basis, Bollinger Bands spread is increasing. A bearish no-crossover could develop with our 7 / 23 quarters moving averages.

On a monthly basis, Bollinger bands spread is wide. The status for our stochastic and MACD could be oversold or a bearish no-crossover.

Idea: MM is a strong resistance.

Bet: bearish no-crossover for our monthly stochastic and MACD

R = MM (1.0901);     S = LM (0.9861)

 

Medium term: without trend

On a weekly basis, Bollinger Bands spread was minimal last week and is increasing now. The trend for our monthly basis is not bullish. The pattern for our 7 / 23 weeks moving averages is a bullish B type crossover. The bullish no-crossover with our stochastic and MACD could be over before the end of February.

Idea: technical recovery in progress

Bet: end of the recovery if last week high (1.0643) acts as a resistance this week.

R = 1.0643, MM (1.0901);    S = MW (1.0278)

 

Short term: rise

On a daily basis, UD / LD spread is wide. The status for our 7 / 23 weeks moving averages is a bullish A type crossover. The status for our stochastic and MACD could be overbought. As long as out MACD is not overbought, the rise in progress could continue.

Idea: nothing to do.

R = 1.0643;     S= PD (1.0435), MD (1.0364)

 

Conclusion: recovery as long as MD = support.

 

 

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