Good signals confluence and agree with each other such as shown in these GBPUSD, EURUSD charts based on zigzag, chart patterns, price action.
WTI and XLE are correlated. Unless WTI is wrong, higher 52-week highs point to XLE breakout when chart is shouting continuation patterns.
USDJPY caught between many support resistance but I see bullish cup-handle pattern. Price is zigzag between shadows drawn on 07 June.
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.
Rising USD favours bearish XAG approach due to inverse correlation. XAG shows long duration triangle chart pattern that has clear boundaries. This is optimum setup for swing bears. For day traders, current week white candle shows momentum/sentiment are still bullish but approach with care.
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.
Bullish and bearish views of XLE-WTI positive correlation. In the bullish view, I see WTI long continuation, XLE Cup and Handle chance to do breakout catch up with underperformance.