African Rand will strengthen as M chart shows hidden divergence. Short this pair.
USDX - there is strong resistance at 98.4-.6 Almost no momentum left for USDX to rally further
XauUsd - there are ways to enter the market: 1. Buy now with sl at 1319 2. BL @ bottom ascending trend line 3. BS @ June 14 high Remember Gold is a strong buy and heading to 1450 and may not have a big correction. Don't be left out waiting 50-60 % correction. Consider your balance and risk accordingly. Good Luck
USDX has formed Double Top and should reach 95.70 (wave 5) or lower from the green box (wave 4)
UsdCad sell target at around 1.3 or the trend line as shown
EurChf should see the green box area, ~~1.15
XagUsd more upside is expected. Could even make a new high.
2875 is the resistance. Expect sells from there and the new low should be 2640
UsdJpy expect pull back to the green box. Green Box is 109.2-.5
Gold should do 3 wave pull back (1305) and then more up till at least 1450. Profit of 1400 pips.
S&P 500 Index - if price breaks May 13 low (2798.4) then it will fall till ~2710. Best way enter the market will be placing a Sell Stop a little below 2798.4
UsdJpy might go up to 111 and that would be only a correction. Overall UsdJpy is bearish. 2 thing would cause Jpy to strengthen 1. Weak Usd 2. Fallen Stock Indexes