Weekly Forecast (December 5 – 10, 2022)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 0,7408, which will be followed by reaching resistance level 0,7562.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 0.7408, which will be followed by moving down to support level 0.7329 and if it keeps on moving down below that level, we may expect the market to reach support level 0,7253.
Monthly Forecast, December 2022
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 0,7408, which will be followed by reaching resistance level 0,7562 and if it keeps on moving up above that level, we may expect the market to reach resistance level 0,7723.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 0,7408, which will be followed by moving down to support level 0,7224.
