This/Next Week Forecast (July 25 – 29, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1,2063, which will be followed by moving up to resistance level 1,2426.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1,1905, which will be followed by moving down to support level 1,1778 and if it keeps on moving down below that level, we may expect the market to reach support level 1,1438.
Monthly Forecast, August 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1,1207, which will be followed by moving up to resistance level 1,2426 and 1,2667.
Downtrend scenario
The downtrend may be expected to continue in case the market drops below support level 1,1778, which will be followed by reaching support level 1,1438.
