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
28 Apr 2021

USD/CHF Price Analysis: Bears seeking a discount

  • USD/CHF bears are in control following the Fed.
  • The pair is near term bullish, medium-term bearish with a monthly upside bias.

USD/CHF has plummeted following the Federal Reserve and there are prospects of a downside continuation in line with the broader daily trend. 

With that being said, corrections are underway so the bears will be looking for a discount at this juncture. 

Hourly chart

The market is correcting with plenty to go until the old support is tested that has a confluence with a 61.8% Fibonacci retracement level. 

Daily chart

The bears have been in control for this month with eyes on the next structure to the downside.

However, it would be usual to see a correction at this juncture and the 38.2% Fibonacci retracement level has a confluence with prior support that would be expected to be a resistance on a restest. 

 

Monthly chart

Meanwhile, the upside is on the cards from a longer-term perspective. 

Apr 28, 2021

Powell speech: We are not close to substantial further progress

Following the Federal Open Market Committee's (FOMC) decision to keep the policy rate unchanged within the target range of 0-0.25%, Jerome Powell, Cha
Read more Previous
Apr 28, 2021

GBP/JPY Price Analysis: Testing 151.60, the door to 152.00

The GBP/JPY pair is about to post the fourth consecutive daily gain and the highest close since in three weeks, supported by the improvement in risk s
Read more Next