CADCHF Weekly Forex Forecast 12th November to 18th November by yshashmi37 on

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.7530 would begin in Midterm.
Technical analysis:

The RSI support #1 at 51 is broken, so the probability of beginning of downtrend is increased.
A peak is formed in daily chart at 0.7685 on 11/05/2018, so more losses to support(s) 0.7570 and minimum to Major Support (0.7530) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 48.

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