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.
- XAUDUSD: Structure stil in downtrend, but risky for sell as no new lower low breakout occur, wait and see mode
- USDCHF: Already in selling mode, looking for retracement for new suitable supply area
- EURGBP: Waiting for pullback, formation of rejection at the nearest demand area for price to go up again
- EURCHF: Waiting for pullback, formation of rejection at the nearest supply area for price to go down again
- GBPUSD: Market in downtrend, looking to sell at the nearest supply, at the support become resistance zone that break