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
29 Apr 2021

GBP/USD Price Analysis: Bulls await a discount in probable daily continuation

  • GBP/USD bulls are in charge following Fed's interest rate decision.
  • A correction, however, is on the cards prior to upside continuation. 

GBP/USD shot higher following the Federal Reserve on Wednesday with the dollar printing fresh cycle lows vs a basket of currencies. 

The DXY index hit 90.5530. 

As per the prior analysis, GBP/USD Price Analysis: All eyes on 4-hour resistance, cable is on the verge of a daily continuation following a correction of the prior daily bullish impulse. 

However, if the entry opportunity was missed, bulls that were late to the opportunity would be prudent to wait for a discount which is a high probability given the market structure on both the daily and 40hour time frames as follows:

Prior analysis 1, 4-hour & daily charts

''...if the price breaks 4-hour resistance then the bulls will be in play for a daily upside continuation:''

Prior analysis 2, 4-hour chart

Live market, daily and 4-hour charts

Daily chart 

4-hour chart

Apr 29, 2021

NZD/USD stays directed towards 0.7300 on mixed New Zealand Trade Balance

NZD/USD remains on the front foot for the second consecutive day, extending the Fed-led gains, as the bulls attack the late March tops of 0.7270, up 0
Read more Previous
Apr 29, 2021

Gold Price Analysis: XAU/USD gears up for $1,800, Biden’s ‘Joint Congress’ in focus

Gold buyers extend post-Fed gains to $1,783, up 0.10% intraday, during the initial Asian session on Thursday. The US Federal Reserve’s (Fed) moves, ac
Read more Next