Saad_Amjid

Saad_Amjid

OILUSD is ranging between its support and resistance.

Saad_Amjid

GBPUSD is just broke its 1st resistance level. Now it seems like buys have control in the market.

Saad_Amjid

AUDUSD support and resistance levels are marked on 4h time frame and should be able for trades on these support and resistance levels.

Saad_Amjid

EURCAD is making new higher high and new higher low , following DOW theory. And it didn't show any diversions on RSI indicator.

Saad_Amjid

USDCHF is starting making new lower low and lower high.

Saad_Amjid

It seems CADCHF starting making new higher highs and higher lows after the accumulation phase.

Saad_Amjid

AUDCAD making lower lows and lower highs continuously. It seems its in bearish trend. And through RSI diversions its seems the trend remains bearish.

Saad_Amjid

EURJPY is following bearish trend. It is making lower low and lower highs continuously. And we also see that it not created any diversion below 30 area (RSI). So, It seems bearish for now

Saad_Amjid

Dow theory stated that a trend could be bearish if it makes higher low and lower lows respectively. Now here EURJPY after making its all time high it started making lower highs and lower lows and by this bearish engulfing candlestick pattern it seems it make it s new lower high now it will make new lower low.

Saad_Amjid

EURUSD is making lower lows and lower highs. its seems in downward trend. So by seeing the bearish engulfing candlestick pattern its seems it made its new higher low and now it should made new lower low respectively.

Saad_Amjid

AUDNZD is making series of higher highs and higher lows, DOW theory, and through the bullish counterattack pattern we can assume that it made its new higher low and going to make a new higher high.

Saad_Amjid

AUDUSD started making new higher highs and higher lows, following DOW theory. the inverted hammer and bullish engulfing candle stick patterns conforms it new higher low and now it will be bullish to make new higher high.

Saad_Amjid

EURUSD seems like again starting new higher highs and higher lows as DOW theory and this trend is also tested by the recent formation of bullish engulfing pattern.

Saad_Amjid

As GBPJPY make all time higher high and retest its all time higher high and rejected from there so it might again making lower low and lower highs according to DOW theory.

Saad_Amjid

XAGUSD is start to making new lower lows and higher lows, following DOW theory. So, it seems like its showing bit of down tren

Saad_Amjid

EURJPY previously making higher highs and higher lows as DOW theory and made a all time high. Then tested its all time high and unable to break it. So, seems price is in distribution phase right now which is also known as side ways moment and then after it might show a decline phase.

Saad_Amjid

NZDUSD is continuously making Lower highs and lower lows. So, it is following DOW theory. So it seems in bearish trend.

Saad_Amjid

USDJPY making higher highs and higher lows continuously. Is looks like Its in bullish trend