Weekly Forecast 13 - 17 September 21

 XAUUSD

The Golden Bulls were ran over by the Golden Bears that made XAUUSD closed in negative territory. But RSAlert signal maintained Buy that was issued on 27 August.

With a Strength Bar of 70% Bullish and Buy signal based on H4, we can expect a continuation of this bullish swing to test TP1 (yellow line), provided that SL (red line) is not breached.

USDCHF

Swissy had a mixed and ranged week. The crabbish move maintained its momentum yet again albeit after recording a new 4-week high.

The anomaly of a Sell signal against Strength Bar of 70% Bullish is indication to wait out the market until the signals are aligned.

BTCUSD

The grand-daddy of cryptos, Bitcoin, had a profit-taking week, as it pulled back 40% of its recent bull swing. And with RSAlert Strength Bar showing 70% Bullish, we can assume that it has some power reserves to go for another upswing.

Notice that the SL (red line) is above the initial Buy signal, its because RSAlert’s algos are designed with Artificial Intelligence built in. Hence it works with a Trailing Stop.