CADCHF Weekly Forex Forecast 6th October to 12th October 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 downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • Price is above WEMA21, if price drops more, this line can act as dynamic supportagainst more losses.
  • Relative strength index (RSI) is 64.
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