EURUSD - mid term expectations

Since May 11 the EUR is in a downtrend (red falling band). Rather sooner than later I expect the EUR to leave this trend resulting in a cross of the upper red and upper light blue falling trend lines from the downside. In the shorter term however I'd bet on a falling EUR leaving the short term dark blue upward trend to the downside.
This means that for now I'm bearish on equities in the shorter term but bullish in the medium term. Also once the USD is weakening we should see rising prices for precious metals like gold and silver. Let's see how that works out...

GLD vs SLV - silver to outperform gold?

Was today's move with slv being up 2.6% and gold being up only 0.3% only the beginning of a longer lasting outperformance? Technically it's all set up for such a performance...

USD - signs of upcoming recovery

There are more charts like the 4H USDCAD chart below (such as AUDUSD, NZDUSD, USDSGD) indicating a stronger USD in the near future...

DAX - negative divergence

At the current EUR levels I'm a big fan of the German indices - in particular with the second league index MDAX as you find many market leaders of niche products in here!! But I wouldn't be surprised if we soon see lower levels. For the SP500 I'm still bearish in the short term...

China - first signs of a reversal

The positive divergence with the RSI are first signs of a reversal of the downtrend...