mql5

Weekly price is located below SMA with period 100 (100-SMA) and SMA with the period 200 (200-SMA) for the primary bearish market condition. The price is ranging within 0.7547 bullish reversal resistance level and 0.6750 support level with the symmetric triangle pattern to be formed for the direction.

• If the price will break 0.7547 resistance level so we may see the bullish reversal to be started on this timeframe with the secondary ranging condition.
• If price will break 0.6750 support so the bearish trend will be continuing.
• If not so the price will be ranging within the levels.

Resistance	Support
0.7547	0.6750
N/A	0.6536

• Recommendation to go short: watch the price to break 0.6750 support level for possible sell trade
• Recommendation to go long: watch the price to break 0.7547 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : ranging

TREND : bearish