The price was bounced from monthly resistance line at 121.66 to below for the ranging within 48,38/83,98 support resistance channel.
Trading Summary: ranging
So, the price was bounced from 121.66 resistance level to below for the secondary ranging condition. If the price broke 70.06 support to below so the secondary correction within the primary bullish trend will be started.
Daily price broke support levels to below for the good daily breakdown. The price was stopped by 83.96 support level starting with the ranging near the levels for direction.
The price is still ranging within 393.6/498.6 s/r levels for direction.
The price is on testing the resistance level at 267.6 to above for the bullish trend to be continuing.
The price is located near and above support level at 30.96 waiting for direction.
The price is still located within 169.4/212.0 s/r channel waiting for the bullish trend to be continuing or for the secondary correction to be started.
Trading Summary: ranging
Chinkou Span line of Ichimoku indicator broke historical price to below, and the price is crossing 1.3642 support for the good bearish breakdown.
Recommendation: bearish breakdown
Weekly price is still testing resistance at 53937 for the bullish trend continuation.
Recommendation: ranging
The price is on strong bullish breakout: resistance level at 86.24 was already broken to above and the pruice is testing 120.45 resistance for the bullish trend to be continuing.
Alternatively - ranging to correction.
Chinkou Span line of Ichimoku indicator broke historical price to below, and the weekly price broke support at 1.2695 - for the good bearish breakdown. The next bearish possible target is 1.2584.
The price is breaking support at 78.27 to below for the open weekly bar. If this bar is closed below this support level (which is already below Ichimoku cloud in the bearish area of the chart) so the primary bearish reversal may be started.
Recommendation: waiting for direction.