Currencies

Weekly price is located below Ichimoku cloud in the bearish area of the chart. The price was bounced from support level at 15.63 to above for the bear market rally to be started for trying to break the resistance at 17.00 to above for the secondary rally to be continuing. Stochastic oscillator is indicating the oversold level of the price, and Chinkou Spam line of Ichimoku indicator is located to be near historical price from below to be ready to cross it to above for the good breakout to be started. If the price breaks 17.00 resistance to above on weekly close bar so the breakout may be started with the 17.57 bullish reversal target to re-enter, or the price will be on secondary ranging waiting for the direction of the good trend to e started. Trading Summary: future possible breakout with the bullish reversal, alternatively - ranging within s/r channel for direction.

Weekly price is below 200 SMA in the bearish area of the chart: the price is on ranging within 200 SMA and 3608 support waiting for the direction of the primary bearish trend to be resumed with 3402 possible target to re-enter or the bullosh reversal to be started in case the price breaks 200 SMA on close weekly bar for example. Summary: ranging waiting for direction.

Daily price is located below 200 SMA in the bearish area of the chart. The price was bounced from 55 SMA to below for the daily bearish trend to be continuing with support level at 3618 as the nearest target to re-enter. Alternatively, the price will be on secondary ranging within the primary bearish market condition waiting for direction. Trading Summary: daily bearish trend to be resumed.

Weekly price broke Ichimoku cloud and it is located in the bearish area of the chart for now: Chinkou Span line of Ichimoku indicator broke historical price to below for the good weekly breakdown. But the Stochastic oscillator is showing the oversold market condition indicating the possible bear market rally in the future. Price is testing the support level at 3618 to below for the primary bearish trend to be continuing. Alternatively, the price may be bounced from support to above for the bear market rally to be started with the secondary ranging condition. Trading Summary: bearish breakdown; waiting for the bearish trend to be continuing or for the ranging with bear market rally to be started; possible bullish reversal in the long-term.

Weekly price is located below Ichimoku cloud in the bearish area of the chart. The price is on ranging within 0.7603/0.8040 support resistance channel for direction of the breakout with the bullish reversal or for the bearish trend to be continuing. Stochastic Oscillator is showing the oversold market condition so the breakour or at least the bear market rally is very likely in the near future for example. If the price breaks 0.8040 resistance to above so the primary bullish reversal will be started with 0.8249 target to re-enter. If the price crosses the support level at 0.7603 to below so primary weekly bearish trend will be continuing. Trading Summary: waiting for direction of the strong trend to be started.

Daily price was bounced from resistance level at 1.3712 to below for the secondary correction within the primary bullish trend to be started. The price is testing descending triangle pattern with 1.3433 support ot below for the support level at 1.3343 as the next possible target for the primary bearish reversal. Alternatively, the price will be on secondary ranging near and above Ichimoku cloud waiting for direction of the strong trend to be started. Trading Summary: correction to the possible bearish reversal.

Chinkou Span line broke historical price to above on close weekly bar for the good bullish breakout. The price crosses Ichimoku cloud to be located in the bullish area of the chart. If the price breaks resistance at 0.6120 so the primary bullish trend will be continuing; if the price crosses 0.5927 support level to below for 0.5710 as the possible target to re-enter so the primary bearish reversal will be started; alternatively, the price will be ranging waiting for direction.

Weekly price is located far below Ichimoku cloud in the bearish area of the chart. The rice is testing the descending triangle pattern with support level at 30.96 to below for the primary bearish trend to be continuing. Alternatively, the price will be on secondary ranging within 30.96/32.90 s/r channel waiting for the direction of the bullish reversal to be started or the bearish trend to be continuing. Recommendation: ranging bearish; watch the price to be crossed the s/r levels for direction.

Weekly price is located near and below Ichimoku cloud in the bearish area of the chart. The price was bounced from 1.3642 support to break the symmetric triangle pattern to above and it was stopped near the border of Ichimoku cloud. If the price breaks the resistance level at 1.4140 so the primary bullish reversal will be started; if the price breaks support level at 1.3642 to below so the bearish trend will be continuing; if not so the price will be on ranging within s/r channel waiting for direction.

Weekly price is below Ichimoku cloud for the ranging within 1.2695/1.3126 support/resistance channel. If the price breaks support at 1.2695 to below so the primary bearish trend will be continuing. If the price breaks the 1.3126 resistance to above so the bullish reversal will be started. If not so the price will be on ranging within s/r channel waiting for direction.

Weekly price was bounced from support level at 0.6421 for the primary bullish reversal: the price broke 200 SMA to above for trying to test the resistance level at 0.6727 for the bullish trend to be continuing.

MN1 price is located below Ichimoku cloud by moding along the lower border of Ichimoku channel - for the bearish trend to be continuing or for the primary bullish reversal to be started in the secondary ranging way. And chinkou Span line is almost ready to break the historical price to below for possible breakdown in the future for example. If the price breaks support level at 17.868 to below on monthly close bar so the primary bearish trend to be resumed with the good possible breakdown on lower timeframes; alternatively, the price will be on secondary ranging for direction waiting for the high impacted news events.