ProFX_Strategist

ProFX_Strategist

After a temporary rally to some upside previously; it should be likely in preparation to make the move down into a new low.

ProFX_Strategist

It might be time for the Japanese Yen to reverse/surrender "most" of it's gains (from early of this year)... In addition; The ZAR was already started (to get stronger & stronger - most probably due to a very strong Gold price beginning this year); & has been pushing the USD back down ever-since...; the (USDZAR) pair has ever-since been on a severely downwards...

ProFX_Strategist

The outcome of the potential structure formation that is most likely to happen... Just my 2-cents point of view... Regards.

ProFX_Strategist

Do not get trolled by what Gold is doing more recently...; At this point in time it may seem that Gold is trying to go down (& one might even be lead to believe that it may just be sliding back down into the lows after building such a strong rally-up)... When in actual fact, I instead suspect that Gold could be heading more into the highs (or even potentially...

ProFX_Strategist

More further upside expected for this pair... (Looks suicidal to ever think of shorting this pair right now...)

ProFX_Strategist

In the first place it was the USD that has weakened so much that has given this pair the so-called "impulsive rally" seen recently... Not sure if the USD is destined to weaken even further or not... If the USD is destined to weaken even further (in the future); then we can expect this pair to push even higher-up... P.s., the EUR is also somewhat quite strong......

ProFX_Strategist

This pair could be on a downtrend (provided if the price of Crude Oil is destined to strengthen for the time-being)... Also it is important to know whether is the USD set to weaken even further, or will the USD eventually get stronger...? A little common sense (of mine) would be; since this pair has already rallied so high (due to the crude oil price kept...

ProFX_Strategist

Expecting some kind of a consolidation to take place on coming Monday; before any drastic movement up or down... Eventually will the USD get stronger & push this pair down...? Or will the USD eventually continue to weaken & make this pair go even higher...? Will Gold continue to strengthen & give more strength to the AUD (pushing this pair up)...? (Or will...

ProFX_Strategist

Strong bullish uptrend pattern it seems... Any shorts could be suicidal for now...

ProFX_Strategist

Longer term view chart. Considering the Swiss-Franc is strong (might get even stronger), & GBP is weak (& could get even weaker in the near future); so I'm expecting GBPCHF to have further move to the downside...

ProFX_Strategist

Japanese Yen is very strong & can get stronger... GBP is weak & could be set to get weaker even further... As such, GBPJPY pair has a very strong bearish outlook/downside prevails...

ProFX_Strategist

EURUSD could start to drop into the lows (in the longer term outlook)... Either the USD strengthens, or the EUR weakens...

ProFX_Strategist

In my opinion, Japanese Yen is more than likely set to get stronger in the rest of 2016... The BOJ might or might not interfere/intervene anymore with the strength of the JPY, but the strength of the JPY will nonetheless always prevails no matter what happens (more negative interest rates from BOJ or not - any sudden rally upwards will be more great profitable...

ProFX_Strategist

GBPUSD downside prevails. I sense the GBP has a lot of weakness left & more downside to go (even if versus; say a weaker USD)...

ProFX_Strategist

The USD is most probably set to get stronger for the time-being, & Gold is most likely set to decline for the time-being as well; as such, these factors strongly suggest that the AUDUSD is thus highly likely set to decline for the time-being...

ProFX_Strategist

AUDUSD pair has been well observed to have a sharp/choppy price action/movement... I'm expecting a sharp pull-back of some kind 1st before it attempts to advance higher to a new level...