The Weekly Review: The Aussie Slide

The week ends with AUD/USD being the biggest down. After breaking out, many were waiting to sell this as there is no more reason to be bullish on the Aussie dollar. EUR/USD followed suit but at a weaker pace. EUR/JPY continued its upside after a bullish flag.

GBP/USD looks for more downside after a surprise reversal when it looked bullish on the monthly timeframe. More downside to be expected though I am hoping for EUR to break down more than GBP.

US Stocks

Sell in May and go away? Dow Jones Index continued to rally. And if May's selldown did not come true, next year's selldown will be the worst.

Apple due for a rise in the upcoming WWDC?

Singapore Stocks

First Reit rebounded after its selldown. Look for signs of double top.

Tech Oil & Gas finally ended their selldown?

Commodities

Gold certainly wasn't showed any love as it completely sold down in the week. Watch whether it will break out of its support or rebound if you managed to spot a big pinbar which was triggered by massive buying of gold by retailers or bargain hunters.