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.
Based on CME Fedwatch Tool, market attaches a 96.3% of a 25 point rate hike at the coming June 2018 meeting. Another 25-point hike is highly expected in September but a total of 4 hikes or 100 points by end of year cannot be ruled out
There is an extended trend line on the WTI chart that has proven useful time and again. WTI traders must add! Extended trend lines have features that make them special. Features listed here and how-to-draw tips.
Based on these patterns, we are in consolidation phase before main trend asserts itself. However I look at these 3 charts of AUDUSD, AUDJPY and SG30, bullish is not the word to describe.
This post looks at DXY analysis from a bullish and bearish angle. It might be confusing but I am merely point out how Dollar bulls and bears could justify their point of view. My unqualified observation: DXY could potentially go much higher. Maybe crazy enough to go back to 100 by end of this year.