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Authored by Muhd Haniff or better known as Hanzo, official technical analyst at UAGTRADE. This analysis intends to unveil the directional bias for selected instruments on only technical view based on supply and demand. All information provided is for educational purpose only, not trade calls or investment advice.
- EURUSD: Double top formation occured and the price went down, waiting for pullback to the nearest zone for reentry
- EURGBP: Price is moving up, currently at the cluster of price resistance become support, expected to rise more, hold on buy
- EURCHF: Still in downtrend, looking for a new breakout at the nearest base
- GBPUSD: No breakout at the resistance zone, overall still downtrend and hold on to sell
- CHFJPY: Currently holding on to bearish bias, for re-entry, look for pullback
- GBPJPY: Wait and see mode, as price is at the nearest base, look for breakout or rejection
- USDCHF: Waiting for formation of bearish price action that give signal for sell or not
- NZDJPY: Expecting the price to go upward first to the nearest support become resistance level, as major is still downtrend