This/Next Week Forecast (August 15 – 19, 2022)
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 4303, which will be followed by reaching resistance level 4509.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 4188, which will be followed by moving down to support level 3950.
previous week forecast
Monthly Forecast, August 2022
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3922, which will be followed by reaching resistance level 4168 – 4202.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3922 which will be followed by moving down to support level 3639.
