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

NZD/USD Price Analysis: On its way to 200-day SMA

  • NZD/USD drops to the lowest since December 18, 2019.
  • 38.2% Fibonacci retracement can offer intermediate support.
  • 21-day SMA caps short-term upside.

NZD/USD declines to the fresh multi-week low while flashing 0.6572 as the quote during early Monday. The pair failed to extend its latest recovery beyond 23.6% Fibonacci retracement of its October-December 2019 upside.

With this, prices are likely to keep the bears happy with 38.2% Fibonacci retracement level of 0.6545 acting as a buffer amid the fall towards a 200-day SMA level of 0.6512.

Should there be additional downpour past-0.6512, the November month top close to 0.6465 will return to the charts.

Alternatively, pair’s another attempt to cross 23.6% Fibonacci retracement level of 0.6625 can again defy the buyers unless 21-day SMA, at 0.6641 now, gets a break on the daily closing basis.

In doing so, the bulls can take aim at 0.6700 and December 31, 2019 high near 0.6755.

NZD/USD daily chart

Trend: Bearish

 

USD/JPY Price Analysis: Off lows, but gap remains unfilled

USD/JPY has recovered part of early loss, but the gap created by the pair's open weekly open rate of 108.89 is still unfilled. The pair gapped lower a
Read more Previous

Gold Price News and Forecast: XAU/USD kick-starts the week with bullish gap-up to $1589

The price of gold has been climbing in five waves on the monthly charts and could be on the verge of a correction. However, considering the geopolitic ...
Read more Next