GBPCHF Weekly Forex Forecast 18th November to 24th November by yshashmi37 on

Midterm forecast:

While the price is below the resistance 1.3155, beginning of downtrend is expected.
We make sure when the support at 1.2755 breaks.
If the resistance at 1.3155 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:

There is a divergence in RSI and price between the peak at 1.31145 on 2018-10-12 and the peak at 1.3171 on 2018-11-08, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 1.3150 on 11/13/2018, so more losses minimum to Major Support (1.2755) 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 42.

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