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.
- XAUUSD: Quite risky for sell currently, price broken first resistance however in wait and see mode for clear structure breakout in second resistance zone for buy signal
- USDCHF: Price expected to continue further down from both the entry zone, for reentry wait for pullback
- EURGBP: No valid base formed for downside formation, instead keep going up, however price is in decision zone
- EURCHF: Previous marked zone for sell missed by 3 pips, looking for bounce up before going lower
- GBPUSD: No changes, still stick to previous marked zone good for entry