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 path of least resistance remains up, 1.1287 in sight – Confluence Detector

EUR/USD has been riding higher amid lower US yields, as investors fear the economic impact of the coronavirus outbreak. Where next? 

The Technical Confluences Indicator is showing that euro/dollar faces mild resistance around 1.1235, which is the convergence of the previous daily high, the Bollinger Band 15min-Middle, the Simple Moving Average 5-15m, the SMA 5-1h, and more. 

However, a significant cap awaits only at 1.1287, where the potent Pivot Point one-month Resistance 2 and the pivotal Fibonacci 161.8% one-month. 

Support awaits at 1.1216, which is the confluence of the previous 4h-low and the PP one-week R2. This cushion is stronger than the immediate resistance line.

Further down, additional support is at 1.1165, which is a juncture of lines including the PP one-month R1, the BB 4h-Middle, the Fibonacci 61.8% one-day, and the BB 4h-Lower.

Here is how it looks on the tool:

EUR USD technical confluence March 6 2020

Confluence Detector

The Confluence Detector finds exciting opportunities using Technical Confluences. The TC is a tool to locate and point out those price levels where there is a congestion of indicators, moving averages, Fibonacci levels, Pivot Points, etc. Knowing where these congestion points are located is very useful for the trader, and can be used as a basis for different strategies.

This tool assigns a certain amount of “weight” to each indicator, and this “weight” can influence adjacents price levels. These weightings mean that one price level without any indicator or moving average but under the influence of two “strongly weighted” levels accumulate more resistance than their neighbors. In these cases, the tool signals resistance in apparently empty areas.

Learn more about Technical Confluence

ECB seen on hold despite recession risks doubling – Reuters Poll

According to the latest Reuters poll, the European Central Bank (ECB) is not expected to follow the Federal Reserve in cutting interest rates to softe
Read more Previous

WTI slips below $46 as coronavirus pandemic outweigh OPEC news

WTI refreshes the four-day low to $45.40 while heading into the European session on Friday. The energy benchmark earlier cheered OPEC headlines over l
Read more Next