This is my analysis. Call it objective analysis or wishful guess but I see WTI reach 107 by end of 2018. That’s because we ran out of levels for the last 3 years but the next highest turning point in 2014 is around 107!
3 elements in EURJPY chart from May 2016 to 22 June 2018: A) up-equidistant channel B) down-equidistant channel and C) rising mid-extended trend line. Expect price action to test these elements in any order for support and resistance.
How much a slight different in girth and angle of rise can make to one’s perception. No matter how I look left and right, I am definitely bearish of XAGUSD but wavering between bullish and don’t know for XAUSGD. Both pairs are now sitting on support.
Current down trend on daily time frame converges with an up trend on the weekly. Short term speculators are running into fund managers looking at a longer horizon. Two big candles yesterday and the day before are signs of contest. This is the trading proposition for WTI right now.
AUDUSD, USDSGD, USDCNH and EURAUD are moving very nicely according to the Tflow™ roadmap since the last 6 months. It is obvious where these pairs are trending and the river could provide a clue to the next optimum retracement zone.
Based on a monthly chart going back to 2010, AUDJPY has clear distinct levels and is breaking down systematically. Here it has clear proposition to test 52-week low at 80.50. After 80, 74 becomes an attractive proposition.
Rounding Bottom is not a commonly spotted chart pattern. We find one in the monthly chart of US 2-year Treasury Note Yield from 2009 to mid-2017. Chart pinned here for future studying reference.