USDJPY FORECAST This is my personal opinion based on technical analysis. Please do not trade based on my ideas. This is merely for me to keep up with my accuracy.
Looking back since the 60's the DXY chart creates a falling wedge. Which we have now broken out of. The current chart shows a double bottom that began with the leg down in 1986. This entire double bottom is accumulation. The MACD shows a divergence, which supports accumulation. This latest run up seems to have a lot of upward momentum, there is 30 years of...
USDJPY Is in accumulation to attempt to tag a level in the 120 area. There is a lot of downward momentum on the monthly and weekly charts so watch to see if this gets absorbed. 2/3 of the wedge I would look for breakout, if we reach the apex of the wedge then it has been absorbed and will more than likely fail.
I believe that right now that CHK is a great buy. In a long term state of accumulation. Also in accumulation on the daily chart.
Right now this is my analysis for USOIL This is based on my technical analysis of the chart. This is not definite but there is still some stuff left untested below.