Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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

MARKET ANALYSIS

Cutting-Edge Market Commentary for Informed Strategy Making

EURUSD

An update to EURUSD analysis, EURUSD managed to get out from the downward channel and test the R1 level but failed to surpass it. Successfully found support on S1 which is a significant level and with a sudden move broke below S1. Investor must be cautious with that pair because we didn’t see this price since 2003 under 1.03545.


USDJPY

USDJPY just stayed in the range and fluctuated between those two levels. The pair failed to return back to the S3 level but find support at 134.772. Now price seems that found support again at S1 for two consecutive candles. If the price fails to go below S1 we might see it around the R1 area.



WTI

WTI found support at 104.66 and started an upward movement until 111.44. Investors must focus if the price breaks below S1 then we might see WTI moving lower. If the price bounce on S1 level, we might see it continue further up.



BTCUSD

An update to our previous analysis, BTC failed to go at S1 level and formed a range for couple days. Now the price broke above the range, and it seems to be trying to retest that area.

Investors must focus, if the price drops again in the range, we might see a fluctuation in the range or if the price bounce back on the range we might see the prices go up around R2 level.





DEPOSIT METHODS

Deposit Methods 1
Deposit Methods 2
Deposit Methods 3
Deposit Methods 4
Deposit Methods 5

Copyright © 2023 - All rights reserved.

SohoMarkets (Cyprus) is a Trade name of Vstar & Soho Markets Ltd which is registered as a Cyprus Investment Firm (CIF) and licensed by the Cyprus Securities and Exchange Commission (CySEC) under licence number 409/22.

RISK WARNING: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Vstar & Soho Markets Ltd. provides services to residents of the European Economic Area (excluding Belgium), Switzerland, India, Indonesia, Malaysia, Philippines and Vietnam.

CLIENT AGREEMENT (TERMS AND CONDITIONS) CLIENT CATEGORISATION POLICY Complaints or Grievances Policy Conflicts of Interest Policy Cookie Policy Investor Compensation Fund Key Information Document COMMODITIES CFD Key Information Document CRYPTOCURRENCIES CFD Key Information Document FX CURRENCIES CFD Key Information Document INDICES CFD Key Information Document ENERGY CFD Key Information Document METALS CFD Key Information Document STOCKS CFD Order Execution Policy Privacy Policy Risk Disclosure