Long term: higher
On a yearly basis, Bollinger band spread is not minimal but is increasing. A bullish A type crossover is in progress with our 7 / 23 years moving averages. A PEI could be in progress with our stochastic and MACD. UY is our first target.
On a quarterly basis, Bollinger spread is a reference one. For our 7 / 23 quarters moving averages, a PEI is not ruled out.
On a monthly basis, the UM / LM spread is near from its maximal level but an increase is not ruled out. A PEI is in progress with our stochastic and MACD. A bullish A type crossover is in progress. UM is our first target.
Idea: towards UQ
Bet: on a monthly basis, a new maximal spread is not ruled out.
R = UQ (1.5508), 1.6038 (HH); S= MM (1.3667)
Medium term: bullish parallel
On a weekly basis, a type I is in progress.
Idea: use bullish parallel rules
Bet: very bullish above 1.494 (02/05 high).
R = 1.494, UM (1.5104); S = MW (1.4132)
Short term: bullish?
On a daily basis, a type I or II could develop.
Idea: for type II, wait new high (Vs yesterday)
Bet: bullish above PW (1.4796)
R = PW (1.4796); S = MD (1.4304)
Conclusion: Hold on long position (weekly).