Weekly Forecast 10-15 October 21

 ETHUSD

The Ethereum bulls were hogging the market throughout the week. It’s the triple bottom pattern that’s playing out true to form. And its high time for the bears to take over.

RSAlert’s Sell signal issued on 13 September remains active as TP3, 2667.10 has yet to be tested. Yet prices bounced after the triple bottom’s low of 2728.77. Strength Bar is reflecting a balance of forces. Watchout for the SL 3664.09, when its able to keep prices down, an extension of this bear swing is in the cards.

XAUUSD

Gold had a crabbish week until Friday, when NFP numbers were released. It was less than expected, nevertheless, it created spikes all the same.

RSAlerts Sell signal, first issued 16 September, had only managed to pass TP3, and pulled back within hours. Prefer to wait out for the current SL to be tested, when its able to hold, then its an indication for an extended bear swing.

USDCHF

Swissy, a gauge of USD, had a rather ranging movements throughout the week. The MA (green line) got tested 3 times but it manages to hold. Reserved strength of the bulls is still present.

RSAlert’s Buy signal, first issued 16 September with SL at 0.9169 and TP3 0.9372 tested once, remains active. With Strength Bar 90% bullish and prices above the MA line, we can expect for the bulls to come drive prices up to TP4.