CADCHF Weekly Forex Forecast 23rd September To 28th September
Midterm forecast:
0.7530 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 0.7530 is broken.
Technical analysis:
The ascending flag taking shape suggests we will soon see another leg higher.
While the RSI resistance #1 at 60 is not broken, the probability of price increase would be too low.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
0.7530 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 0.7530 is broken.
Technical analysis:
The ascending flag taking shape suggests we will soon see another leg higher.
While the RSI resistance #1 at 60 is not broken, the probability of price increase would be too low.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
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