Monthly price is located below Ichimoku cloud with the bearish market condition. Descending triangle pattern was formed by the price to be broken to below with 72.38 support level for the bearish trend to be continuing, otherwise - ranging bearish.
Weekly price is on ranging within the following support/resistance levels: 83.80 resistance located in the beginnijg fo the bullish erversal to be started, and76.02 support level located below Ichimoku cloud in the bearish area of the chart. If weekly price breaks 76.75 support level to 76.02 target to re-enter so the primary bearish trend will be continuing, otherwise - ranging bearish.
Daily price broke one of the 'reversal' Senkou Span line of Ichimoku indicator together with trendline to above: the price broke this line to be located inside Ichimoku cloud in the bearish ranging area of the chart waiting for the direction. Absolute Strength indicator is estimating the trend to be on ranging waiting for breakout/breakdown, and Trend Strength inticator is evaluating the future possible trend as the possible daily bullish reversal. If D1 price breaks 1.1045 support ...
Daily price is located below Ichimoku cloud for the bearish market condition: the price is breaking 1.2935 support level for the bearish trend to be continuing with 1.2795 nearest bearish daily target to re-enter. If D1 price breaks 1.2935 support level on close bar so the primary bearish trend will be continuing with 1.2795 nearest target. If D1 price breaks 1.3371 resistance level on close bar from below to above so the local uptrend as the bear market rally will be started ...
Daily price is on secondary correction within the primary bullish condition: the price is breaking Senkou Span line of Ichimoku indicator to below for the bearish reversal. If the price breaks 0.9710 support level so the bearish reversal will be started, if not so the price will be on ranging condition waiting for direction.
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