mql5

Daily price is located within 100 SMA/200 SMA ranging area: price is trying to break symmetric triangle pattern to above together with 200 SMA level for the reversal from the ranging bearish to the primary bullish market condition.

• If the price breaks 1-month high at 9295 so the reversal of the price movement from the ranging bearish to the primary bullish trend will be started.
• If price will break 8740 support so the primary bearish trend will be continuing with 8515 as the nearest bearish target.
• If not so the price will be ranging within the levels.

Resistance	Support
9140	8740
9295	8515

SUMMARY : ranging

TREND : bearish