Category: AUDCHF

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AUDCHF Weekly Forex Forecast 10th December to 16th December by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.7070, continuation of uptrend is expected.
We make sure when the resistance at 0.7285 breaks.
If the support at 0.7070 is broken, the short-term forecast -continuation of uptrend- will be invalid.
Technical analysis:

There is a divergence in RSI and price between the peak at 0.73215 on 2018-11-08 and the peak at 0.73755 on 2018-12-03, the probability of uptrend continuation is decreased and the probability of beginning the correction wave is increased.
The RSI support #1 at 48 is broken, so the probability of continuation of uptrend is decreased.
A peak is formed in daily chart at 0.7375 on 12/03/2018, so more losses to support(s) 0.7115 and minimum to Major Support (0.7070) 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 40.

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AUDCHF Weekly Forex Forecast 1st December to 7th December by yshashmi37 on TradingView.com

Midterm forecast:

The current trend is uptrend and the forecast is continuation of uptrend.
Technical analysis:

While the RSI support #1 at 48 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 0.7340 on 11/16/2018, so more losses to support(s) 0.7285, 0.7240 and minimum to Trend Hunter Buy Zone (0.7160 to 0.7070) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 62.

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AUDCHF Weekly Forex Forecast 25th November to 1st December by yshashmi37 on TradingView.com

Midterm forecast:

0.7115 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:

While the RSI support #1 at 48 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 0.7340 on 11/16/2018, so more losses minimum to Major Support (0.7115) 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 52.

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AUDCHF Weekly Forex Forecast 19th November to 25th November by yshashmi37 on TradingView.com

Midterm forecast:

0.7115 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:

The RSI resistance #1 at 57 is broken, so the probability of continuation of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 0.7235 on 11/13/2018, so more gains to resistance(s) 0.7330, 0.7445, 0.7565 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 73.

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AUDCHF Weekly Forex Forecast 11th November to 17th November by yshashmi37 on TradingView.com

Midterm forecast:

0.7100 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:

The RSI resistance #1 at 57 is broken, so the probability of continuation of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 0.7320 on 11/08/2018, so more losses to support(s) 0.7240 and minimum to Major Support (0.7100) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 68.

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AUDCHF Weekly Forex Forecast 5th November to 11th November by yshashmi37 on TradingView.com

Midterm forecast:

0.7100 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:

The RSI resistance #1 at 57 is broken, so the probability of continuation of uptrend is increased.
A trough is formed in daily chart at 0.7020 on 10/23/2018, so more gains to resistance(s) 0.7240, 0.7285, 0.7330 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 69.

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AUDCHF Weekly Forex Forecast 27th October to 2nd November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.6870, beginning of uptrend is expected.
We make sure when the resistance at 0.7145 breaks.
If the support at 0.6870 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

While the RSI resistance #1 at 58 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 0.7120 on 10/19/2018, so more losses to support(s) 0.7065, 0.6945 and minimum to Major Support (0.6870) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 53.

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AUDCHF Weekly Forex Forecast 20th October to 26th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.6870, beginning of uptrend is expected.
We make sure when the resistance at 0.7145 breaks.
If the support at 0.6870 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

While the RSI resistance #1 at 58 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 0.6970 on 10/11/2018, so more gains maximum to Major Resistance (0.7145) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 55.

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AUDCHF Weekly Forex Forecast 14th October to 20th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.6870, beginning of uptrend is expected.
We make sure when the resistance at 0.7145 breaks.
If the support at 0.6870 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.
A peak is formed in daily chart at 0.7065 on 10/10/2018, so more losses to support(s) 0.6945 and minimum to Major Support (0.6870) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 52.

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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.