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

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.0130 would begin in Midterm.
Technical analysis:

The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
While the RSI resistance #2 at 51 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1.0005 on 12/05/2018, so more losses to support(s) 0.9865, 0.9815, 0.9755 and more depths 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 37.

Share This