Weekly Forecast 6-10 September 21

 XAUUSD

The Golden Lazy Bulls were in the market throughout the week. With only $35 weekly range, XAUUSD only came to life on Friday, thanks to weak NFP numbers.

The active Buy signal that appeared on 27 August has yet to test TP1 at 1842.50 . After the NFP dust has settled, we are bound to see an extension of this bull swing testing to TP3(top yellow line) at 1880.88 by mid-week, an auspicious number, isn’t it?

USDCHF

It’s the 3rd consolidating week for USDCHF. The much anticipated but weak NFP numbers could not inspire the bears to party.

The current Sell signal which appeared on 17 August, and still plies along the MA(green line). But, with Strength Bar showing 60% bearish, we might see the bears come and play to push down to TP1 and ultimately TP3(the bottom yellow line), come mid-week.