USDCHF Weekly Forex Forecast 7th October to 13th 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 0.9700 would begin in Midterm.
Technical analysis:

The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 0.9540 on 09/21/2018, so more gains to resistance(s)0.9985, 1.0070, 1.0100 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic supportagainst more losses.
Relative strength index (RSI) is 67.

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