USDCHF Weekly Forex Forecast 24th November to 30th 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:

The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
A trough is formed in daily chart at 0.9910 on 11/20/2018, so more gains to resistance(s) 0.9985, 1.0050, 1.0095 and maximum to Major Resistance (1.0100) 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 48.

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