oyekhattak

oyekhattak

EURGBP was in a downtrend but has made a bullish divergance on the RSI and also a possible double bottom pattern on the chart which is another confluence for trend reversal.

oyekhattak

AUDUSD is in a bullish trend making Higher Highs and Higher Lows in a an assending channel pattern. There was divergance on RSI previously which has been diluted with the formation of new Higher High hence reducingthe probability of a downward move. The trade plan is based on DOW Theory and RR for TP1 is 1:1 and 1:2 for TP2.

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GBPCAD is in a bullish trend according to DOW Theory making higher highs and higher lows. The trend is also respecting the trendline which furthur validate the uptrend. There is no divergence on RSI as of yet to conclude a trend reversal. Additionally, the next resistance level is around TP1 so we can see a move towards TP1 if it breaks the previous High. After...

oyekhattak

EURGBP is in a downtrend after a big bullish move. The previous trend has been broken and the next support level is down at around 0.8571 so we can see a downward move towrd the TP1 if price breaksdown the previous LL. There is no Divergance on RSI to indicate a change in trend. The trade plan is based on simple DOW Theory and RR for TP1 is 1:1 and 1:2 for TP2.

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EURJPY is in a bullish trend making Higher-Highs and Higher-Lows. The trade plan is based on Entry at the breakout of previous High and Stoploss below previous low of the trend. TP1 is 1:1 and TP2 is 1:2. There is no divergence on RSI and no break of trendline so the trend will most likely continue in its direction.

oyekhattak

GBPUSD is in Bullish trend confirmed by HH and HL. The previous bear trend ended by break of trend and confirmed by Bullish Divergence on RSI.

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USDCAD is in a bearish trend making Lower Highs and Lower Lows. The trade plan is based on simple Dow Theory. There is no divergence on RSI hence trend reversal is not likely at the moment.

oyekhattak

AUDUSD is forming an inverse cup and handle continuation pattern which means it will continue in downtrend. There is no divergence on RSI which furthur confirms the continuation of a downtrend. The trade plan is based on breakdown of price below previous LL.

oyekhattak

GBPUSD is in a downtrend and has breaken the previous Lower-Low based on DOW Theory. We predict the price to go furthur down as the instrument is in a downtrend on 30 minute timeframe.

oyekhattak

AUDCHF has made a cup and handle pattern and there is no divergence on RSI. Based on this we can predict an upward movement if price breaks the previous High.

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NZDJPY is forming a Cup and Handle Pattern on 1H timeframe. The trade plan is based on the breakout of previous High so that there is a confirmation of upward momentum.

oyekhattak

USDJPY is in distribution phase after a strong move upward and will possible go into a downtrend as shown by the Bearish divergance on the RSI and the ranging zone of price.

oyekhattak

EURCHF has made a Cup & Handle Pattern on the 1 hour timeframe and is most likely to upwards based on the analysis. the trade plan shoes a RR of 1:2.25.

oyekhattak

USD JPY Buy Entry: 148.270 SL: 147.402 TP: 149.138 The instrument is making HH and HL on the 1H timeframe. There is no divergance on the RSI and no reversal patterns, thus no indication of reversal.

oyekhattak

Buy Stop: 189.560 SL : 188.394 TP : 190.730 GBP JPY has broken its previous downtrend and is now headed in an uptrend based on DOW Theory and Harmonic Patterns.

oyekhattak

GBPJPY has a strong divergance on RSI and Reversal based on Harmonics Pattern. The Trade Plan is based on DOW Theory.

oyekhattak

USDJPY Long - Bullish Flag Pattern. There is a Bullish Flag Pattern on the Chart and a continuous uptrend. Also no Divergance on RSI meaning trend will most probably continue in its direction.

oyekhattak

USDJPY might go down according to DOW Theory. The trade plan is based on a condition if the price breakdowns a specifc level.