Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62.5% 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.
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 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.
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.
Online Chat Chat with us
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.
Vstar & Soho Markets Ltd. provides services to residents of the European Economic Area (excluding Belgium), Switzerland, India, Indonesia, Malaysia, Philippines and Vietnam.