Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Test

Important information

By using this website, you confirm you are not a resident of the European Union, the United States of America, the United Kingdom, Iran, Myanmar, North Korea, Norway, Iceland, Switzerland, Liechtenstein, and the Philippines or accessing it from these jurisdictions. We assume no liability for the consequences of non-compliance with local laws.

Trading news
Back
17 Jan 2018

USD/JPY recovers from 61.8% Fib, peeps above 1-hr 50-MA

  • Sellers ran out of steam near 61.8% Fib.
  • USD/JPY needs to hold above 1-hour 50-MA.

The USD/JPY bears ran out of steam early today as prices neared 110.15 (61.8% Fib R of Sep. low-Nov. high), allowing for a corrective move higher.

The currency pair cut through the 1-hour 50-MA level of 110.63 and was last seen trading at a session high of 110.80.  It is worth noting that the pair has repeatedly failed in the last 48 hours to cut through offers around 1-hour 50-MA.

Thus, a convincing break above the key moving average could see a technical correction gather pace. The moving average seems to have shed the bearish bias (is bottoming out). Also, analysts believe the markets are overpricing the probability of near-term BOJ tightening and the BOJ is more likely to reiterate its ultra-easy stance. So, Yen could give up its gains. Hence, the spot may hold above 1-hour 50-MA this time.

However, fears of the government shutdown in the US and flat action in the treasury yields could cap upside in the pair.

USD/JPY Technical Levels

A move above 110.95 (23.6% Fib R of Jan. 8 high-Jan. 17 low) would open doors for 111.41 (38.2% Fib R of Jan. 8 high - Jan. 17 low) and 111.65 (Oct. 16 low). On the downside, support at 110.32 (Jan. 15 low) and 110.15 (61.8% Fib R of Sep. low-Nov. high) could be put to test if the bulls fail to defend the 1-hour 50-MA of 110.64.

 

 

Jan 17, 2018

China Press: China to launch further crackdown on cryptocurrencies

The China Securities Times quoted unnamed government sources, citing that the Chinese authorities are targeting crypto trading platforms in a further
Read more Previous
Jan 17, 2018

Forex Today: USD bounces in Asia, Eurozone CPI eyed

Forex today witnessed good two-way price movement in the US dollar versus its main competitors, with a solid comeback staged from multi-year troughs b
Read more Next