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 Price Analysis: MACD offers strongest bearish signal since mid-November

  • EUR/USD's MACD histogram is at the lowest since mid-November. 
  • The pair looks set to extend the recent downtrend from 1.1240 to support at 1.0981. 

EUR/USD has dropped from 1.1240 to 1.1020 over the last four weeks and may continue to exhibit pressure behavior this week as the MACD histogram is reporting the strongest bearish bias in over two months. 

The daily chart indicator is currently printing a value of -0.00139, the lowest reading since Nov. 14. A negative number indicates bearish market conditions, while an above-zero print represents a bullish market. 

The indicator is printing deeper bars below the zero line - a sign of the strengthening of bearish momentum. 

The pair could challenge to 1.0981 (Nov. 29 low), under which sellers may attack next support near 1.0950. 

The hourly chart relative strength index is currently reporting a bullish divergence. A bounce to 1.1062 (hourly chart hurdle) may be seen before a deeper drop is seen, as suggested by the daily chart. 

At press time, EUR/USD is trading at 1.1035, representing moderate gains on the day, having hit a low of 1.1020 on Friday. 

Daily chart

Trend: Bearish

Technical levels

 

EUR/JPY Price Analysis: Break of key support trendline, 100-day SMA signal further downside

EUR/JPY trades near 120.30, following a fresh monthly low of 119.94 registered before few minutes, during the Asian session on Monday.
Read more Previous

China covering up true number of Coronavirus mortalities

While China's Coronavirus (CoV) death toll rises to at least 80 from 56, with 2744 confirmed cases of WuhanCoronavirus, there are some reports that ar
Read more Next