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

DAILY TECHNICAL ANALYSIS 04/11/2022


AUDUSD


AUDUSD has been trading bearish since mid-September, since October 5th there is a balance between buyers and sellers, RSI has kept away from overbought or oversold areas.

If price breaks above R1, we may see the next stop around R2, if price fails to break R1 or S1, we may see price fluctuate in this range for a little longer.



USDCAD

USDCAD has been trading in a range for the last month, this may be an H&S pattern, but it is not that clear. USDCAD retests the 1.35133 level for the 4th time but without breaking it.

If the price manages to break the lower range level, we may see a big drop down to S1. If price fail to break this level again, we may see the price stay in the range for a little longer. Friday's closing price will be an important indication of what to expect next week.



FTMUSD

An update on the previous analysis, the fantom mange to retest its support and has drawn quickly and broken the first resistance, after this big move we may see a correction up to 0.2490.

If the price stays with this momentum, we may see the FTM reach the 261.8 Fibonacci 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