Archives mensuelles : novembre 2012

AUD / USD: higher

Long term: bullish

On a yearly basis, Bollinger Bands spread is increasing. A PEI is in progress with our stochastic and MACD.

On a quarterly basis, a PEI is in progress with our moving averages.

On a monthly basis, this time frame is without trend.

Idea: higher as long as our stochastic is not overbought

Bet:  UM= strong resistance.

R= UM (1.0906);    S= MM (1.04), LM (.9894)

Medium term: higher

On a weekly basis, UW / LW spread is minimal. A PEI will develop with our moving averages.

Idea: higher without a bullish pattern (monthly MACD as a NEI).

Bet: towards UW.

R = UW (1.0582);     S = MW (1.0363).

Short term: rise

On a daily basis, Bollinger Bands spread is above a reference one.

Idea: higher as long as our MACD is not overbought

Bet: towards UW.

R = UW (1.0582);   S = MD (1.0342).

Conclusion: recovery.

 

WTI: weak

Long term: weak

On a quarterly basis, our MACD is the leading indicator.

On a monthly basis, UM / LM spread is above a reference one. A bearish no-crossover is the status for our stochastic and MACD.

Idea: use our MACD as a leading indicator

Bet: LM is our first support.

R= MM (94.97);   S= LM (79.13)

Medium term: weak

On a weekly basis, Bollinger Bands spread is above a reference one. TAM tools trend is down.

Idea: MW is our main resistance

Bet: use our stochastic as a leading indicator.

R = MW (90.75);     S = LW (82.14)

Short term: lower

On a daily basis, TAM tools are flat.

Idea: use our stochastic as a leading indicator.

Bet: nothing to do.

R = MD (88.77);    S= LD (83.15)

Conclusion: lower without a bearish trend.

CAC 40: trading range

Long term basis: lower

On a yearly basis, stochastic and MACD could continue to be overbought for two periods or more. As long as MY (end of period) proves to be a resistance, the main trend is not bullish.

On a quarterly basis, LQ / UQ spread is shrinking. A PEI is in progress with our moving averages. Stochastic and MACD are oversold.

On a monthly basis; for M23, the trend is bearish. Our stochastic and MACD are oversold. PM could be the main resistance.

Idea: not bullish as long as our monthly M23 is not up

Bet: higher if 3601 fails as a resistance (end of period).

R= 3600.8 (March 2012 high), MQ (3648);    S= MM (3393), LM (2782)

Medium term: below MW?

On a weekly basis, a bearish no-crossover is the status for our stochastic and MACD.

Idea: below MW, LW is our main objective

Bet: lower as long as our weekly stochastic is not oversold.

R= PW (3573.9);               S= MW (3363), LW (3090).

Short term: trading range

On a daily basis, UD / LD spread is a reference one. No PEI could develop with TAM tools.

Idea: stochastic is our leading indicator

Bet: nothing to do.

R= UD (3529);     S= MD (3442), LD (3355).

Conclusion: nothing to do for some weeks.