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Euro – Dollar
Medium term :
On a weekly basis, The level of the volatility is near its maximal level. The Parabolic is above the price. Stochastic and MACD are overbought.The Bollinger moving average (1.2831) should act as a support.
Our first resistance is the weekly Parabolic (1.3666) and our next resistance is the daily upper Bollinger band (1.3729) .
Short term :
The volatility is always increasing but the symetry between Bollinger bands is not perfect: the level of the volatility is near from its maximal level. A recovery towards the daily Bollinger moving average (1.3373 ) is likely. If this target acts as a resistance, a pull back towards the daily lower Bollinger band (1.3016 ) is not ruled out. In the other hand, above the moving average, our next resistance is the weekly Parabolic (1.3666).
Conclusion : The market should be in a trading range until early February.
Dollar – Japanese Yen
Medium term :
On a weekly basis, the Parabolic (105.20) acts as a resistance. Stochastic and MACD are without trend.Our main target is the lower Bollinger band (100.69) if the previous low (101.86) does not act as a support.
Above the Parabolic, our next resistance is the Bollinger moving average (106.48).
Short term :
On a daily basis, the lower Bollinger band is flat. The stochastic is overbought. The main target is the lower Bollinger band ( 102.69) / previous low (102.32). Below this objective, the weekly previous low is our next target.
Conclusion : As long as the weekly Parabolic (105.20) acts as a resistance, the trend is a little bearish.
Cable :
Medium term :
On a weekly basis, the stochastic and the MACD are overbought. The 23 weeks moving average is quite flat. Our first support is the weekly Bollinger moving average (1.8519). If this level does not prove to be a support, our next strong objective is the monthly Parabolic (1.7962) . As long as this target acts as a support, the long term trend is bullish. The first resistance is the daily Bollinger moving average (1.9105).
Short term :
On a daily basis, a crossover between the Parabolic and the Bollinger moving average is in progress. A recovery towards the daily Bollinger moving average (1.9105) is likely. By the end of the week, if a recovery does not occur, our first support is the daily lower Bollinger band (1.8617). Below this target, our next support is the monthly Parabolic (1.7962).
Conclusion : the daily Bollinger moving average (1.9105) should act as a resistance.
USD – CHF
Medium term :
On a weekly basis, stochastic and MACD are oversold. The 23 weeks moving average is declining. The level of the volatility is near its maximal level. A technical recovery could continue. Our first strong resistance is the Bollinger moving average (1.1996). Above this resistance, our next objective is the monthly Bollinger moving average (1.2708 ).Our main support is the Parabolic (1.1288).
Short term :
On a daily basis, the level of the volatility is near its maximal level. The Parabolic should cross the Bollinger moving average tomorrow. The stochastic should be overbought soon. A decline is espected next week. Our first support is the Bollinger moving average (1.1553). This is a strong objective. Our next support is the Bollinger lower band (1.1222). If the daily previous high (1.1890) does not act as a resistance next week, a sharp increase is likely. Our first target is the weekly Bollinger moving average (1.1996). The next resisance should be the monthly Bollinger moving average (1.2707).
Conclusion : A decline towards the daily Bollinger moving average (1.1553) is expected next week.
P Cahen 13/01/05
Medium term :
On a weekly basis, The level of the volatility is near its maximal level. The Parabolic is above the price. Stochastic and MACD are overbought.The Bollinger moving average (1.2831) should act as a support.
Our first resistance is the weekly Parabolic (1.3666) and our next resistance is the daily upper Bollinger band (1.3729) .
Short term :
The volatility is always increasing but the symetry between Bollinger bands is not perfect: the level of the volatility is near from its maximal level. A recovery towards the daily Bollinger moving average (1.3373 ) is likely. If this target acts as a resistance, a pull back towards the daily lower Bollinger band (1.3016 ) is not ruled out. In the other hand, above the moving average, our next resistance is the weekly Parabolic (1.3666).
Conclusion : The market should be in a trading range until early February.
Dollar – Japanese Yen
Medium term :
On a weekly basis, the Parabolic (105.20) acts as a resistance. Stochastic and MACD are without trend.Our main target is the lower Bollinger band (100.69) if the previous low (101.86) does not act as a support.
Above the Parabolic, our next resistance is the Bollinger moving average (106.48).
Short term :
On a daily basis, the lower Bollinger band is flat. The stochastic is overbought. The main target is the lower Bollinger band ( 102.69) / previous low (102.32). Below this objective, the weekly previous low is our next target.
Conclusion : As long as the weekly Parabolic (105.20) acts as a resistance, the trend is a little bearish.
Cable :
Medium term :
On a weekly basis, the stochastic and the MACD are overbought. The 23 weeks moving average is quite flat. Our first support is the weekly Bollinger moving average (1.8519). If this level does not prove to be a support, our next strong objective is the monthly Parabolic (1.7962) . As long as this target acts as a support, the long term trend is bullish. The first resistance is the daily Bollinger moving average (1.9105).
Short term :
On a daily basis, a crossover between the Parabolic and the Bollinger moving average is in progress. A recovery towards the daily Bollinger moving average (1.9105) is likely. By the end of the week, if a recovery does not occur, our first support is the daily lower Bollinger band (1.8617). Below this target, our next support is the monthly Parabolic (1.7962).
Conclusion : the daily Bollinger moving average (1.9105) should act as a resistance.
USD – CHF
Medium term :
On a weekly basis, stochastic and MACD are oversold. The 23 weeks moving average is declining. The level of the volatility is near its maximal level. A technical recovery could continue. Our first strong resistance is the Bollinger moving average (1.1996). Above this resistance, our next objective is the monthly Bollinger moving average (1.2708 ).Our main support is the Parabolic (1.1288).
Short term :
On a daily basis, the level of the volatility is near its maximal level. The Parabolic should cross the Bollinger moving average tomorrow. The stochastic should be overbought soon. A decline is espected next week. Our first support is the Bollinger moving average (1.1553). This is a strong objective. Our next support is the Bollinger lower band (1.1222). If the daily previous high (1.1890) does not act as a resistance next week, a sharp increase is likely. Our first target is the weekly Bollinger moving average (1.1996). The next resisance should be the monthly Bollinger moving average (1.2707).
Conclusion : A decline towards the daily Bollinger moving average (1.1553) is expected next week.
P Cahen 13/01/05
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