USDCHF Weekly Forex Forecast 22nd September To 29th September by yshashmi37 on

Midterm forecast:

0.9790 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We will close our open trades, if the Midterm level 0.9790 is broken.
Technical analysis:

The RSI bounced from the support #1 at 26 and it prevented price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 0.9700 on 09/19/2018, so more losses to support(s) 0.9520, 0.9440, 0.9355 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 33.

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