Archives mensuelles : août 2012
€ / GBP: focus on the close
Long term: weak
On a yearly basis, Bollinger bands spread is expending. Our 7 / 23 years moving averages are slightly bullish. Stochastic could be overbought. UY is a far away resistance and MY is our first support.
On a quarterly basis, Bollinger spread is above a reference one. LQ is our main target.
On a monthly basis, the UM / LM spread is a reference one and continue to expend. No PEI is in progress for TAM tools.
Idea: lower as long as our monthly MACD is not oversold
Bet: LQ is our main support.
R= MW (.8075); S= LQ (.7463)
Medium term: type III in progress
On a weekly basis, a bearish parallel is in progress.
Idea: use bearish parallel rules
Bet: towards LQ.
R = MW (.8075); S = LQ (.7463).
Short term: end of bearish parallels?
On a daily basis: if MD fail as a resistance (at the close), UD could be our next target.
Idea: tonight, focus on daily close
Bet: bearish no-crossover for our moving averages if .7865 (yesterday high) act as a resistance (intraday basis).
R = MD (.7859); S = LD (.7752).
Conclusion: focus on MD.
Position: Previous= short (daily basis), in progress = short,
next= out with a daily close above MD.