mql5

Daily price is on ranging market condition within 100 SMA and 200 SMA area: the price is located below 200-day SMA for the bearish market codntion with the ranging to be ready for the daily bullish reversal.

• If the price will break 2-week high at 8322.7 level to above so the reversal of the price movement from the ranging bearish to the primary bullish market condition will be started.
• If price will break 2-week low at 7898.7 to below so the primary bearish trend will be continuing without secondary ranging up to 7598.2 level as the nearest bearish target.
• If not so the price will be ranging within the levels.

Resistance	Support
8322.7	7898.7
N/A	7598.2

SUMMARY : ranging

TREND : bearish