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.
- EURUSD: Price at the interest zone at support become resistance level, looking for bearish reaction for selling position
- EURGBP: No bearish engulfing formation, but upside breakout occur at the nearest resistance zone, waiting for bit of pullback before continuing upward movement
- EURCHF: Still holding on to the previous downward movement, price continuing bearish, possibility for reentry at retracement
- GBPUSD: No change still, keeping an eye for bearish action as previous analysis
- CHFJPY: Buy is optional as it is risky, structure still downtrend