mql5

Intra-day price is located below SMA with period 100 (100-SMA) and below SMA with the period 200 (200-SMA) for the primary bearish market condition. The price bounced from 95.21 support level for the bear market rally to be started.

• If the price will break 97.48 resistance level so we may see the bullish trend to be started on this timeframe with the secondary ranging market condition.
• If price will break 95.24 support so the bearish trend will be continuing.
• If not so the price will be ranging within the levels.

Resistance	Support
97.48	95.24
99.83	N/A

• Recommendation to go short: watch the price to break 95.24 support level for possible sell trade
• Recommendation to go long: watch the price to break 97.48 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : bear market rally

TREND : bearish