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<b> MARKET</b> ANALYSIS <b> MARKET</b> ANALYSIS

MARKET ANALYSIS

Cutting-Edge Market Commentary for Informed Strategy Making

DAILY TECHNICAL ANALYSIS 13/07/2022





AUDNZD

AUDNZD has formed a tendative upward trendline with increase on momentum RSI above 50.

If the price bounce back on S1 we might see an upward movement around 161.8 fibo level.

If the price fail to bounce and break below S1, most probably we will observe a drop towards to S2.


USDCHF

USDCHF has an uptrend since the start of the month. At the moment from technical point of view this pair has a healthy correction. We might see a drop until trendline or even a consolidation in that area.



BTCUSD

BTC recently formed descending triangle and already hit its target. Since then formed a valid downtrend. Just now it bounced back from its trendline with an RSI slightly outside of the oversold teritory.If the price respects that trend we might see the price drop again until S1 area. If the price break the current trend we might see the price return to the triangle levels.







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