MrJunaidShahid

MrJunaidShahid

High probability that HUMNL fall below 6.30PKR this is the 3rd time it is testing 6.30 level If this level is broken then next support will be around 6 and down trend continue to it old level.

MrJunaidShahid

Market is sideway for this script Buy levels are 6.50 & 6.30 which are supports for safe trade Breakout is not constant, swing trade level is 6.50 to 7.25

MrJunaidShahid

I'm stick to my stance market is trap for small fishes. PSX shows bullish but it is bearish in actual and it will reflect selling tomorrow. Tomorrow last day of 2023 trade, Big selling Low volume today & Form the Lower High today, so tomorrow Lower Low Avg out between 6.30 to 6.50 which is support 7.00 is resistance as it can't break, so down fall started

MrJunaidShahid

HUMNL worked as I analyzed, overall whole PSX shows slightly in correction mode, but in reality it's just trap to attract small fishes before Year END. Tomorrow we will see slightly selling in HUMNL as all indicators are over buy which means selling is coming. Swing trade can be taken from 6.5 or below Don't take any trade above 6.5, it can fall up to 6 ...

MrJunaidShahid

According to market analysis, PSX is in correction mode or may be down trend. HUMNL is over buy and now in down trend. Based on trend it is showing opportunity for swing trade in trend. opportunity for swing trade opportunity for average out current trade

MrJunaidShahid

I'm expecting an other breakout, if this rising channel break upside it will touch 130.5 which is next resistance and support also. If it does not raised above 130.5 then it will fall below 128. Looking for short @130.5, @130

MrJunaidShahid Updated 

In the last analysis we achieve the target Now it is side way, In long-term EURJPY is bearish until @131 So we are supposing it will go down from here, because right now it is on resistance trendline. If it show breakout then buy on retracement, else we are in long bearish cycle for target @127 News: JPY news is not impactful EUR news is impactful but does not...

MrJunaidShahid

MACD Crossover happen for Sell Signal in 4H Channel Stock below 80 (Sell) RSI below 50 (Sell) Moving Averages are turning downward, possibly huge sell coming in next 1-2 days I'm taking 1750 as initial target from 1790. This is long-term Sell, Gold is under panic pressure. It does not break bearish sentiment until it break 1810 then 1900.

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MrJunaidShahid

Old Analysis:

MrJunaidShahid Updated 

EUR news is positive Bearish momentum losing power in 4H channel MACD Crossover buy signal approx. nearby Stoch Oversold & Buy signal Doji in 4HR Down Channel Support & Resistance is formed Current TP is @129, if breakout happen next TP will be 130 SL 128.4, below the strongest support 128.45.

MrJunaidShahid

You will observe MACD is crossed for Bearish, Stoch is already on Bearish mode. I'm expecting long bearish position in fibo 618. From past 6-7 days it was bullish and rejected from previous strong resistance and retesting previous support now.

MrJunaidShahid

In few hours market is about to start, 80 % sentiments are on the long position. DXY is so bullish that it need to be corrected and Gold is so bearish that its need to be corrected. In first 17 hours of market their is no news for Dollar which is good thing for Gold to rise upto 1800 in asian market. Gold can't go down to 1750 until their is more news from NY...

MrJunaidShahid

RSI is oversold Stock is oversold If we do analysis of previous events, the same situation was in July 1-2 & July 29. Right now gold is on monthly trendline which is safe zone ever, if it does not broke which is 1750 it will bounce to 1790 least to make other leg, else it will fall to 1720. NFP is very positive for $ but it's not easy to control the inflation....

MrJunaidShahid

Dollar News: API Weekly Crude Oil Stock: Negative Total Vehicle Sales: Positive MACD is bullish & Stoch is overbought. 200EMA is bellow the price, which means bullish trend. I'm expecting 1820 XAU today with rejection, if (ADP Nonfarm Employment Change (Jul)) is negative in NY session then XAU seems to be above 1820.