Thursday Forecast
Correction scenario
Correction can start from support level 1.1166, which will be followed by moving up to resistance level 1.1778.
Downtrend scenario
The downtrend may be expected to continue in case the market drops below support level 1.1166, which will be followed by reaching support level 1.0937.
previous day forecast
Weekly Forecast (October 17 – 21, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.1511, which will be followed by moving up to resistance level 1.1965.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1.1511, which will be followed by reaching support level 1.0937 and 1.0520.
previous week forecast
Monthly Forecast, October 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.1438, which will be followed by moving up to resistance level 1.1965.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1,1438, which will be followed by reaching support level 1,0392.
previous week forecast
