This/Next Week Forecast (August 15 – 19, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1,0428, which will be followed by moving up to resistance level 1,0670.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1,0428, which will be followed by reaching support level 1,0134 and 1,0000.
previous week forecast
Monthly Forecast, August 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.0428, which will be followed by moving up to resistance level 1.0671 and 1.0853.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1.0428, which will be followed by reaching support level 1.0000 and if it keeps on moving down below that level, we may expect the market to reach support level 1.09600.
