Long term: higher

On a yearly basis, Bollinger band spread is not minimal and will stay at the same level for some periods. A bullish A type crossover is in progress with our 7 / 23 years moving averages. UY is our main resistance. A PEI will develop with our MACD.

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 far away from its minimal level. A PEI is in progress with our stochastic and MACD. A bullish A type crossover is expected. UM is our next target if 1.43 fails as a resistance.

Idea: towards UQ

Bet: PEI for our quarterly moving averages.

R = UY (1.5119), UQ (1.547);    S= MM (1.3668)

 

Medium term: UW / LW spread is a reference one

On a weekly basis, UW / LW is increasing. TAM are up without PEI.

Idea: a type II will develop

Bet: use our weekly MACD as a leading indicator.

R = 1.43;     S = MW (1.3556)

  

 

Short term: higher

On a daily basis, a PEI is in progress with our moving averages. As long as MD proves to be a support, the rise in progress could continue.

Idea: higher for some periods

Bet: above 1.43.

R = 1.43;   S = MD (1.3943)

 

Conclusion: above 1.43, towards 1.5++.