I'll start with monthly
Monthly is in abnormal down or downtrend phase, the price is outside SD 1 zone. Notice that the MA is still rather flat, we don't know yet how strong the downtrend is currently, if MA is pointing down later then we can assume the downtrend is strong.
Now we'll see weekly
Weekly is also in downtrend phase, notice that MA is pointing down and price is outside SD 1 zone, not much to say really, simply put, it's down.
And now daily
Daily too is in downtrend phase.
So here in this pair all the three basis clearly indicating down, but notice that there's support around 1.5980. As we can see so far the price is unable to break that support, it might hold or it might not, God only knows :)
So our job is to watch that level, if it's broken then the downtrend might continue, otherwise the price might move into daily/weekly SD 1 zone and daily/weekly might enter normal or sideways phase.
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