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.
- AUDUSD: Price return to the target supply area and currently going down.
- XAUUSD: First base has been broken, and price go to second base before drop as expected.
- USDCHF: In wait and see mode, for price to retrace to nearest supply base.
- EURCHF: Price will go down further, but will make retracement first.
- EURGBP: Looking for price action in the supply area for any rejection or breakout.