USDCHF Weekly Forex Forecast 13th October to 19th 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 0.9790 would begin in Midterm.
Technical analysis:

The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A peak is formed in daily chart at 0.9955 on 10/09/2018, so more losses to support(s) 0.9865 and minimum to Major Support (0.9790) 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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