DEPOSIT METHODS
Part of V&S Group
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.
An update to the previous analysis on DXY, the USD continues to be stronger against the other currencies.
The price held to a higher high and completed another valid uptrend wave. It is now near the resistance area at 105.626. We may see a correction when the price reaches that level.
If the price breaks above this level with a solid bullish candle, this will be good news for the USD.
USDJPY manages to break another important level of 134.778.
Now we may see a correction around 134.778 or 132.714.
If the price continues in this scenario and recovers at these levels, we can clearly see that the next moves will be more bullish than bearish.
USDCAD formed a good looking valid trend line, now the price is close to the trend line with RSI at 45.60 level which is a very healthy level for a correction.
If the price bounce back to the trend line, we may see an upward move to around the 161.8 fibonacci level. If the price breaks below the trendline, we may see a decline to around the 1.33589 level.
Online Chat Chat with us
Email：supportsohomarkets.eu
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.
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 Execution Quality Summary Statement 2022 Disclosure and Market Discipline Report 2022