USDCHF Weekly Forex Forecast 10th November to 16th November by yshashmi37 on

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.0100 would begin in Midterm.
Technical analysis:

While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 0.9950 on 11/07/2018, so more gains to resistance(s) 1.0095 and maximum to Major Resistance (1.0100) 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 65.

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