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
Trading news
Back
12 Feb 2020

USD/CHF Price Analysis: Corrects further from 2-1/2 month tops, downside seems limited

  • USD/CHF edges lower for the second consecutive session on Wednesday.
  • The set-up support prospects for some dip-buying near 0.6730-25 region.

The USD/CHF pair traded with a mild negative bias for the second consecutive session on Wednesday and retreated further from 2-1/2 month tops set in the previous session.

The overnight slide below 100-hour SMA and a subsequent weakness below 23.6% Fibonacci level of the 0.9629-0.9789 positive move were seen as a key trigger for bearish traders.

Meanwhile, technical indicators on the 1-hourly chart have moved on the verge of breaking into the oversold territory and maintained their bullish bias on the daily chart.

The technical set-up support prospects for the emergence of some dip-buying near the 61.8% Fibo. level, around the 0.9730-25 region and should help limit the downside.

Hence, it will be prudent to wait for some strong follow-through selling below the mentioned support before positioning for any further near-term depreciating move for the pair.

USD/CHF 1-hourly chart

fxsoriginal

 

Feb 12, 2020

Ireland's Varadkar: Second election is possible

Commenting on the results of the general election, Irish Prime Minister Leo Varadkar said the election was a "photo finish" between three parties and
Read more Previous
Feb 12, 2020

Malaysia: Weakest growth in ten years – ANZ

Analysts at ANZ Research review the GDP data published by Malaysia which growth was the lowest in the last ten years. The USD/MYR pair is trading at 4
Read more Next