Weekly Forecast (July 24 – 28, 2023)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1,1012, which will be followed by reaching resistance level 1,1275 and if it keeps on moving up above that level, we may expect the market to reach resistance level 1,1494.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1,1012, which will be followed by moving down to support level 1,0833.
Monthly Forecast, July 2023
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1,1095, which will be followed by moving up to resistance level 1,1494.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1,1095, which will be followed by reaching support level 1,0835 and 1,0635.
