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

AUD/JPY Price Analysis: Bounces off 50-day EMA amid bearish MACD

  • AUD/JPY revisits the sub-200-day EMA area after eight days.
  • Early-December top, 38.2% Fibonacci retracement can please sellers during further declines.
  • 23.6% Fibonacci retracement adds to the short-term resistance.

AUD/JPY recovers to 75.20 amid the initial Asian session on Wednesday. The pair declines below 200-day EMA during the previous day but took a U-turn from 50-day EMA. Even so, bearish MACD favors the sellers.

Hence, a downside break of 50-day EMA level of 75.10 can extend Tuesday’s declines towards December 03 high near 74.85 ahead of highlighting 38.2% Fibonacci retracement of the pair’s rise between October and December months, at 74.70.

In a case where AUD/JPY prices keep trading southward past-74.70, 50% Fibonacci retracement and the monthly low could entertain the bears around 74.15 and 73.75 respectively.

Meanwhile, the pair’s daily closing beyond a 200-day EMA level of 75.32 enables it to challenge 23.6% of Fibonacci retracement at 75.42.

However, January 16 peak around 76.25 and the previous month's top surrounding 76.55 could question the bulls during the additional run-up.

AUD/JPY daily chart

Trend: Pullback expected

 

NZD/USD: Steady below 0.6600 as sellers catch a breath after three-day losing streak

NZD/USD remains modestly changed around 0.6595 amid the early Wednesday morning in Asia. The kiwi pair dropped for three days in a row by the end of T
Read more Previous

EU preparing to give UK worse trade deal terms than Canada or Japan – The Telegraph

During late-Tuesday, The Telegraph came out with the news that the European Union (EU) is preparing to offer the UK a trade deal on tougher terms.
Read more Next