Weekly Forecast (May 15 – 19, 2023)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1,2583, which will be followed by moving up to resistance level 1,2666.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1,2546, which will be followed by reaching support level 1,2353.
Monthly Forecast, May 2023
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1,2447, which will be followed by moving up to resistance level 1,3160.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1,2447, which will be followed by reaching support level 1,1802.
