Potential long position as trend has broken through resistance and could continue to bullish movement
Potential short as trend retests previous support line to then gather momentum to continue bearish move which could potentially reach monthly support line at 1.07746
Potential Short Position as trend breaks out support and retests new resistance which I believe will lead to a bearish move as indicated by ADX
Potential Short position as trend retests area of resistance and begins bearish move as indicated by ADX
Potential short position as trend begins to breakout from area of support
potential short as indicated by RSI indicator as well as the strength of the trend indicated by ADX
Potential retracement to hit 21-period moving average as support to continue bullish movement following the earlier reaction to the economic news in germany. (note: ADX also lies above 15 level signal strong trend) www.dailyfx.com
Potential long position as trend begins bullish movement towards daily resistance. However, whether the trend breakouts the resistance or not is dependent on tomorrow's economic news in Japan
Potential Short position to continue downward trend with potential retracement
Potential short position due to candlestick analysis as RSI and ADX don't indicate anything (p.s I have stopped using the Ichimoku indicator as I was experience in inaccurate analysis gaining false signals)
Potential Long position as indicators is above the Ichimoku cloud as well as potential bullish movement indicated by ADX
Potential Short position as indicated by ADX indicator as well as Ichimoku indicator due to chikou span crossover as price action begins to move below the Ichimoku clouds. (Note: This is my first time using the Ichimoku indicator)
Potential short setup following the previous idea, as I believe the trend will continue towards the daily support, however, there could potentially be a retracement as indicated by the MACD before continuing its bearish move.
Potential retracement as indicated by MACD which I believe will continue bullish movement after initial retracement.
Potential continuation of bearish movement as I believe the trend will rebound from daily support line
Current trend approaches the weekly support which I believe will cause a potential reversal as RSI indicates oversold as well as MACD
Potential continuation of the trend, however, could break 0.382 fib level into a bearish move