Long term: weak
On a yearly basis, Bollinger bands spread is not minimal. Our 7 / 23 years moving averages are slightly bullish until the next period. Stochastic is overbought. UY is a far away resistance and MY is our first support.
On a quarterly basis, Bollinger spread is a reference one and UQ / LQ spread is expending. A bearish no-crossover is the status for each of TAM tools. June 2010 low (1.1877) is our first objective.
On a monthly basis, the UM / LM spread is above a reference one but is expending. A bearish no-crossover is the status for our stochastic. MM is a far away resistance. Below 1.1877 a collapse is expected.
Idea: lower as long as our monthly stochastic is not oversold
Bet: below 1.1877 is not ruled out.
R= MM (1.3592); S= LQ (1.234), 1.1877, 1.000.
Medium term: lower
On a weekly basis, UW / LW spread is expending. No PEI is in progress.
Idea: lower with as long as our stochastic is not oversold
Bet: a bearish no-crossover could be the status for our stochastic.
R = MW (1.3028); S = LQ (1.234).
Short term: bearish parallel pattern
On a daily basis, a bearish parallel pattern is in progress.
Idea: use bearish parallel pattern rules
Bet: a bearish no-crossover could be the status for our moving averages.
R = MD (1.2547); S = LD (1.2327).
Conclusion: with a bearish no-crossover as a status for our weekly stochastic, a collapse will develop.