The DXY has broken its parabolic trend that it has been on for months now, forming a very clear Adam & Eve pattern. The measured move for this pattern indicates a highly likely break of the simple trend as well. (Yellow line) This could be very good for all asset classes for the short term. **This is my opinion, based on chart data. This is not financial advice.**
This chart helps you to choose between buying or selling What do you think? Breaking Up or Bouncing Back
Stay tuned. I'm showing how - at the moment - a resistance ledge on AUDJPY on the 4H time frame may break down. 'May' means there is no guarantee and no prediction.
UKOIL: Brent Crude Spot - testing and now breaking below critical support at 49.58. Failure here signals further significant weakness back to 45.89
Looking at the longer term time frame this does not look bullish unless it can base above 25-30 range.