AUDCHF Weekly Forex Forecast 6th October to 12th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.6805, beginning of uptrend is expected.
We make sure when the resistance at 0.7145 breaks.
If the support at 0.6805 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.
The RSI bounced from the resistance #2 at 58 and it prevented price from more gains.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 43.

Share This