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GBPCHF Weekly Forex Forecast 28th October to 3rd November by yshashmi37 on TradingView.com
Midterm forecast:
While the price is above the support 1.2745, beginning of uptrend is expected.
We make sure when the resistance at 1.3100 breaks.
If the support at 1.2745 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
While the RSI support #2 at 39 is not broken, the probability of price decrease would be too low.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 43.
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