6-10 May 2019

6-10 May Technical Analysis

Authored by Muhd Haniff or better known as Hanzo, official technical analyst at UAGTRADE. This analysis intends to unveil the directional bias for selected intstruments on only technical view based on supply and demand. All information provided is for educational purpose only, not trade calls or investment advice.

Quick Take:-

– EURCHF: In wait and see mode for price to return at nearest supply area

– AUDUSD: Market already in major downtrend, waiting for retracement for reentry

– EURJPY: Price in ranging area of support and resistance, looking for break

– GBPCHF: Forming a head and shoulder formation, looking for reaction at demand area

– XAUUSD: Structure form major downtrend, but price is moving to supply zone

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