B13A-123318-khaliqyaar
GBP is facing a selling pressure against Canadian dollar.The chart has formed an ABCD harmonic pattern as well as a bearish divergence on RSI.Both these indications are quite strong and point towards the upcoming bearish trend.
USDCHF is shpowing bearish trend and swiss franc is gaining strength against USD.It is not a bad setup to take a new short trade since there is no divergence on RSI.
AUDNZD is in bearish trend and forming a descending channel with no bullish divergence.It is an ample indication that it will continue its bearish trend.
AUDCAD has been in bullish trend but after hitting its top it has printed bearish divergence on RSI.Considering its past behaviour and divergence there are quite strong indications that it is going to start a bearish trend.Hence it may prove a good set-up to trade.
CADCHF is printing LLs and LHs without forming bullish divergence on the chart,which means it is going to follow the bearish trend.
EURNZD is in bearish trend and seems to follow the same trend.Moreover there is bearish divergence on the chart which strenthen the notion of bearish trend.
GBPCHF is in bearish trend and likely to continue the same.
BITCOIN has been in bearish trend so far but it has now formed bullish divergence which may initiate a new bullish trend.
ETHUSD is in bearish trend but and has printed bullish divergence which may start new bullish rally
SOLUSDT is in bearish trend.But it has printed bullish divergence.It may break its lower high and start a bullish rally.But considering its past movements it hardly honors the bullish divergence.Still we may take a bullish trade with buy stop at lower high.
USDJPY is in bullish continuation pattern with ascending channel formation and bullish divergence on RSI.
AUDUSD is in bearish trend and following the continuation pattern with bearish flag formation.A new trade can be taken once it breaks its second lower low level.
EURUSD has broken the higher low level of bullish trend and printed new lower lows and lower lows and lower highs with bearish divergence on RSI.
KSE 100 gave a gap up opening after budget of fiscal year 2025-26.Sometimes these gap up or gap down openings are triggered by some news.
Theory of Wycoff has been observed in the Sui Southern Company chart.High volumes have been generated on top which can be described as distribution phase.And low volumes have been observed at bottom which can be termed as accumulation phase.
Bank Islami Pakistan has printed top and is ecpected to stay bullish since there is no divergence on RSI as well as Volumes.Fib retracement has indicated us the probable next new top.
AUDUSD has printed ABCD pattern.After testing PRZ it is coming down.We may take anew short trade in case it breaks point B level.Our SL would be point D.
AUDNZD is clearly printing XABCD pattern which indicates bullish reversal from PRZ.We may take short trade after its breaking point B with SL at point C.After reversal we may againg ride a bullish trend after its breaking of first HH.