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
13 Mar 2020

AUD/JPY Price Analysis: Bears can ignore recent consolidation

  • AUD/JPY snaps two-day losing streak, forms a higher low pattern during the week.
  • 5-day SMA acts as immediate resistance ahead of the short-term falling trend line.
  • Oversold RSI can offer intermediate pullbacks but the broad trend remains intact.

While snapping a two-day losing streak, AUD/JPY rises 0.80% to 65.80 amid the initial Asian trading session on Friday. In doing so, the pair registers a higher low technical pattern. Though, the quote’s sustained trading below short-term resistances keeps sellers hopeful.

Given the oversold RSI conditions extending its support, the quote can confront a 5-day SMA level around 67.15 during the further pullback. However, a short-term descending trend line since March 05, 2020, could limit additional recovery near 67.60.

Other than 5-day SMA and a short-term trend line resistance, the AUD/JPY prices will find February month low near 69.40 and 70.00 as extra upside barriers.

Alternatively, a downside break below 65.00 will negate the technical pattern and can recall the bears targeting 64.00 mark with the weekly low close to 64.30 likely being an intermediate halt.

If at all the bears keep dominating past-64.00, early February 2009 levels surrounding 62.00 can become their favorites.

AUD/JPY daily chart

Trend: Bearish

 

Mar 13, 2020

US retaliatory strikes underway in iraq following deadly attack on us, british troops – Reuters

In a developing story, US military is now bombing pro Iran Iraqi militias, in response to yesterday's rocket attack that killed two US soldiers. Arabi
Read more Previous
Mar 13, 2020

Canadian Finmin Morneau: Still planning on presenting its budget on march 30 even amid coronavirus concerns – Reuters

Reuters reports that the Canadian Finmin Morneau has said that they are still planning on presenting its budget on March 30 even amid coronavirus conc
Read more Next