Weekly Forecast 20-24 September 21

 ETHUSD

The 2^nd biggest cryptocurrency Ethereum, like the others, had a rollercoaster fortnight and eventually tumbled 18% in the red. Apparently, the SEC Chairman Gary Gensler, is taking legal actions against Coinbase Exchange for its Coin Lending program, which spooked cryptos across the board.

RSAlert’s Strength Bar for ETHUSD showing 60% Bearish, and prices has only tested TP2, so, with the spookiness flowing around the markets, we may see an extension of this bearish swing to test TP3 and ultimately TP4.

XAUUSD

After 2 weeks of deliberation, the Golden Bears are proving that they are in charge. Approaching the end of last week, the bulls gave way after prices went below the MA (green) line.

Even though RSAlert’s Strength Bar showing a 50/50 situation, the tendency is looking south when TP1 managed to act as resistance and TP3 gave way as support to test TP4.

USDCHF

As a reflection of the bullish greenback, USDCHF finally gave the powers to the bulls. After tethering above the MA (green) line for 2 weeks, it finally stamped its intentions with RSAlert issuing a Buy Signal on 17 September.

The Strength Bar shows 80% Bullish and thus far only TP2 has been tested. The lazy bulls may linger around the MA line, again, before extending its bullish swing to test TP3.