mql5

Weekly price is testing 1.3187 resistance level with the ascending triangle pattern to be broken to above for the reversal of the price movement from the ranging bearish to the primary bullish market condition. Alternative, the Absolute Strength indicator together with Trength indicator are estimating the ranging bearish trend to be continuing with 1.2460 support level to be broken to below for the bearish condition to be resumed on this timeframe.



If W1 price breaks 1.3187 resistance level on close bar so the bullish reversal will be started.
If W1 price breaks 1.2460 support level on close bar so the bearish trend will be resumed.
If not so the price will be on bearish ranging.