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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 07/11/2022

BTCUSD

Bitcoin is starting to change momentum and is more volatile. Bitcoin managed to break the 19838.70 level with solid candles which is a good sign for its purpose going forward.

As of 10/21 it has a tentative trendline currently trying to confirm this. If the price fails to break below the trendline or the 19838.70 level, we may see btccoin move even higher.

NZDUSD

NZDUSD has been trading in an uptrending trading channel since mid-October, with the RSI confirming its momentum.

Now we may see a healthy correction to the lower limit of the channel,



GBPUSD

GBPUSD managed to bottom out at the end of September, since then it has started to have a bullish bias.

However, if the price breaks the red trend line we may see a drop down to the 1.09245 level, if the price bounces to the trend line we may see the price rise around 1.16536.



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