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 13/12/2022

AUDCAD

AUDCAD has a valid trendline since the beginning of the month, price manage to form a double top formation and hit the first target at 0.91906 which is a support level this incident also gives more validity to this level.

Now the price is at a very important level, traders should be careful because if the price manages to break this strong level, we may see the price fall around the 0.91255 level.

If the price does not break this level and this recent decline was just a correction of the overall trend, we may see the price accelerate to the 161.8 fibo level.




GBPUSD

GBPUSD for has a valid uptrend since 9 of november, now  price starts to loose momentum,

With this scenario we may see the price drop until 1.15873.

If the price fail to break below that level we may see the price going further up.



USDJPY

USDJPY is trading in ranges, ranging between 142.199 and 131.140.

Now the price is retesting the intermediate level which is 137.779.

With this kind of behavior we may see the price drop back down to around 131.140.

If the price breaks above the mid-level, we may see the price rise further up to the 142.199 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