DEPOSIT METHODS
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.
AUDNZD
Update of previous analysis on 02/17/2023. Price formed a valid rising wedge. After confirmation and retest this pair dropped 170 pips or -1.55%.
Now the price has found support at the 1.08229 level. We have to wait and see what the next move will be. If the price breaks below this level, it means that we have bearish momentum in this pair.
XAUUSD was trading in a downtrend the last month, now seems that found support on 1805.498 and since then is trading sideways.
Now if the price break above 1845.677 we may see more movement to the upside, if the price break below 1805.498 we may see more downward movements.
GBPJPY has been trading sideways since December last year, the price has now managed to break above this strong range with a big bullish candle.
On a lower time frame, the price formed a valid uptrend line. Now we may see a correction around to 161.83 level which is the upper limit of the previous range and then more upside moves may occur. If the price breaks into this range again, it means we may see more sideways movement.
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