This/Next Week Forecast
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 4071.5, which will be followed by reaching resistance level 4202.25 and 4303.
Downtrend scenario
An downtrend will start as soon, as the pair drops below support level 4071.5, which will be followed by moving down to support level 3982 and then to and if it keeps on moving down below that level, we may expect the market to reach support level 3855.
Previous week forecast
Monthly Forecast
Uptrend scenario
The uptrend may be expected to continue, while pair is trading above support level 3855, which will be followed by reaching resistance level 4101 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 4631.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3855 which will be followed by moving down to support level 3587.
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