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Weekly price is located below Ichimoku cloud in the primary bearish area of the chart: the price is on bearish breakdown for 1.2856 support level to be tested to below for the bearish trend to be continuing. If W1 price breaks 1.3412 resistance level on close bar so the local uptrend as the bear market rally will be started. If W1 price breaks 1.2856 support level on close bar so the bearish breakdown will be continuing. If ...
Daily price is on breaking Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart: the price is breaking this line at 0.7486 for the reversal of the price movement from the ranging bearish to the primary bullish market condition with 0.7643 as a nearest daily bullish target. Absolute Strength indicator is estimating the bullish trend to be started, and Chinkou Span line is indicating the possible bullish breakout in the near future. ...
Weekly price is on bullish breakout for 0.8314 resistance level to be broken to above for the bullish breakout to be continuing. If W1 price breaks 0.8314 resistance level on close bar so the bullish breakout will be continuing. If not so the price will be on bullish ranging within the levels.
The weekly price is on bearish breakdown: price is testing 109.20 level to below for the bearish trend to be continuing, otherwise - ranging bearish condition.
The weekly price is on ranging within Ichimoku cloud for the waiting for direction: the price is located inside 0.7362 resistance and 0.7031 support levels. If the price breaks one of those levels on close weekly bar so the bullish/bearish trend will be started, otherwise - ranging.
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