This/Next Week Forecast (April 12 – 16, 2021)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 2.546, which will be followed by moving up to resistance level 2.688.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 2.546, which will be followed by reaching support level 2.425 and if it keeps on moving down below that level, we may expect the market to reach support level 2.263.
previous week forecast
Fundamental Analysis
Difference between supply and demand shows fair price on the level $3.
Monthly Forecast, April 2021
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 2.740, which will be followed by moving up to resistance level 3.040 and 3.410.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 2.740, which will be followed by reaching support level 2.263.
previous month forecast
