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.
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.
Octa trading broker
Open trading account
Back

EUR/USD Technical Analysis: This MA hurdle may hold the key for a notable corrective bounce

EUR/USD's post-Fed sell-off from the high of 1.1448 ran out of steam at 1.1184 on April 2. However, a strong corrective bounce continues to remain elusive with upside consistently being capped by 4H 50-candle moving average (MA), currently located at 1.1231.

4-hour chart

  • As seen in the above chart, the persistent rejection at the 50-candle MA on April 3-4 was followed by a drop to 1.1206. A subsequent attempt to produce a stronger oversold bounce also failed with the pair running into offers above the key average line on Friday.
  • So, a convincing move above that newfound average resistance of 1.1231 may entice buyers, leading to a quick move above 1.13.
  • On the other hand, another rejection, if followed by a move below 1.12, could yield a drop to fresh multi-year lows below 1.1176 (Mach 7 low). 

Trend: Bullish 4H 50MA

 

Gold Technical Analysis: Repeated upside failures, Bears to target a break of 1275

Read more Previous

BoJ's Kuroda: Japan's economy expanding moderately – RTRS

BoJ's Kuroda has hit the wires and said that Japan's economy expanding moderately though says that the overseas slowdown is affecting exports, output:
Read more Next