Octa Analytics

​​#webinars_schedule #education 📱 You can now watch our educational webinars in the Octa Trading App on your smartphone. Install the latest version, tap Webinars in the menu, and enjoy fast and easy access to all upcoming and past videos. 🔎 Apply filters to find videos for your learning needs. Set notifications for upcoming webinars to catch the moment when a live stream starts. 👋 Join and learn more about trading: 🇵🇰 21/10, 6:30 p.m. PKT – URDU – Live trading session with Mateen Awan 🇮🇩 22/10, 7 p.m. WIB – INDONESIAN – Live trading session with Vito Henjoto 🇬🇧 22/10, 9 p.m. MYT – ENGLISH – Live trading session with Kar Yong Ang 🇬🇧 24/10, 6 p.m. WAT – ENGLISH – Live trading session with Tunmise Olaoluwa 🇲🇾 24/10, 9 p.m. MYT – MALAY – Live trading session with Cikgu Danie 🇮🇩 27/09, 7 p.m. WIB – INDONESIAN – Q&A session with Vito Henjoto

‼️ Join Octa Analytics VIP Unlock premium signals, exclusive offers, and important events to boost your trading success. To become a member of Octa Analytics VIP, follow these easy steps: 1️⃣ Make sure you have $50 or more in your account. 2️⃣ Take a screenshot of your balance and send it along with your Octa real account ID to our @octa_vip_bot chatbot. 3️⃣ Await verification—usually, it’s completed within one business day. Ready to take your trading to the next level? Let us steer you toward success. The sooner you join, the more you’ll benefit from our elite trading community! 💯 Limited-time offer 💯 Don’t miss the opportunity to use the BONUSVIP100 promo code for a 100% deposit bonus!

It’s the finish line! Let’s congratulate our winners: 🔹deepakmodijt 🔹avirajgajare1000 🔹ZINGERFX Guys have won cash prizes deposited directly into their trading accounts. Whoo-hoo! Thanks to everyone for participating. Stay tuned for more events, contests, prizes, insights, and helpful trading info! #tradingcontest #tradingprizes #tradeandwin #Forexcontest #forexprizes

GBPUSD, 30-minute timeframe chart GBPUSD rebounded from the support level of 1.30350 👉General outlook GBPUSD has been under buying pressure within the last day. The pair moved down to the support level of 1.30350. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 1.30460. Set your stop loss at 1.30260 below the previous low ($2.00 loss for 0.01 lot) and take profit at 1.30660 ($2.00 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. Some traders may close their positions on Friday, which can add more pressure to the market. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

The era of descending Bitcoin prices seems to be over. On Tuesday, the price reached the critical resistance level of $66,000, breaking the channel's upper border on increased volumes. During the week, investors bought the highest weekly total of Bitcoin's ETFs for over $1.6 million, which can signify rising confidence in crypto assets. If positive sentiments prevail, the price can reach the previous all-time high of $74,000. However, history shows that Bitcoin used to level off after increasing demand before making another big move. Investors are now carefully looking for signs of further market movements. Don't just watch the market—trade crypto in the Octa app #crypto #cryptotrading #cryptonews #cryptoupdate #forextrading

🗳 U.S. Elections: dollar rises as markets price in Trump's victory Polymarket, a betting site, shows that former president Donald Trump, a Republican candidate, has a much better chance of winning the U.S. presidential elections than Vice President Kamala Harris, a Democratic nominee. Over the past two weeks, the probability of Trump returning to the White House has improved from less than 50% to over 60%. 'Trump's odds of winning have increased and therefore the so-called 'Trump trade', which means buying the dollar, is back', said Eugene Epstein, head of trading and structured products at Moneycorp North America. 👉 Possible effects for traders Trump's plan to implement tax cuts and loosen financial regulations could stimulate economic growth. Still, it may also spur inflation, which, in turn, may necessitate higher interest rates and positively impact the greenback. Likewise, the Trump administration is expected to enact new trade tariffs. This could negatively affect growth in Asian and European exporters, forcing their central banks to lower their interest rates and undermine their currencies while lifting the U.S. dollar. The Americans will head to the polls in less than three weeks. Historically, most of the market volatility induced by political uncertainty took place in the lead-up to the elections. Therefore, even if Trump wins, it doesn't mean that the U.S. Dollar Index (DXY) will just continue to rise. On the contrary, given that his potential victory is already partly priced in, the DXY may correct downwards if he wins or if Harris's chances start to improve again. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🚀 Gold renews all-time maximums Gold (XAU) gained 0.71% on Thursday, reaching record highs as expectations for a more accommodative monetary policy from major central banks and a slight decrease in U.S. bond yields supported demand for non-yielding bullion. 👉 Possible effects for traders According to market expectations, the Federal Reserve (Fed) will likely cut interest rates at the two remaining meetings this year. A 25-basis-point (bps) reduction in the federal funds rate in November is becoming increasingly probable, with a 90.2% chance for a rate cut, according to the CME FedWatch Tool. Meanwhile, the European Central Bank (ECB) announced a 25-bps cut on Thursday, and declining U.K. inflation points to a potential rate reduction by the Bank of England (BOE) next month. Also, several major Asian central banks have recently lowered their interest rates. These and other factors support gold prices, including uncertainties surrounding the upcoming U.S. presidential election and heightened tensions in the Middle East following Israel's intensified air strikes against Lebanon on Wednesday. Additionally, renewed economic pessimism in China is driving investors towards safe-haven assets. On Wednesday, Hong Kong officials announced plans to develop the region as a gold trading hub. Gold has become increasingly popular among developing economies looking to diversify their foreign reserves. This trend can be seen through the significant build-up of gold reserves by countries such as China, Russia, and Turkey over the past few years. With the BRICS Summit beginning next week, hosted by Russia, de-dollarisation is expected to be a key topic of discussion. XAUUSD continued its bullish trend during Asian and European trading hours. The pair renewed absolute maximums and is trading above the key resistance level of $2,700. No major events are expected today, but the U.S. Building Permits report at 12:30 p.m. UTC may influence the pair. Gold is in its Elliot 5 wave formation, in the fifth wave. According to Reuters analyst Wang Tao, spot gold may surge into a range of $2,726 to $2,741 per ounce, driven by a powerful wave five. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 China's economic data offers temporary relief for euro On Thursday, the euro (EUR) lost 0.28% against the U.S. dollar (USD) after better-than-expected U.S. Retail Sales and Jobless Claims reports pulled the greenback towards a fresh two-month high. An interest rate cut by the European Central Bank (ECB) also added bearish pressure on EURUSD. 👉 Possible effects for traders The U.S. Dollar Index (DXY) has now approached a 200-day moving average. If it breaks above this level, it could quickly rise towards 105.000, causing other currencies to decline further. There is a good chance that the DXY may continue rising as U.S. macroeconomic data has been improving lately, forcing investors to expect fewer rate cuts by the Federal Reserve (Fed). U.S. core retail sales jumped by 0.5% in September, above an expected 0.1% increase. Additionally, U.S. weekly unemployment claims were at just 241,000, below the anticipated 260,000. Given these upbeat statistics, the market is now pricing in less than four 25-basis-point (bps) rate cuts by the Fed over the next seven months. Meanwhile, the ECB appears to be taking a more assertive stance on monetary policy easing. Although yesterday's rate cut by the ECB was entirely expected, the post-meeting statement contained plenty of dovish details. Policymakers noted that inflation in the eurozone was increasingly under control while the outlook for the bloc's economy was worsening fast. Christine Lagarde, ECB President, didn't provide hints about the future interest rate path, but four sources close to the matter told Reuters that another rate cut in December is likely unless economic or inflation data turns around in the coming weeks. EURUSD was rising slightly during the Asian and early European trading sessions. Earlier today, China unveiled several reports suggesting a positive economic outlook. The data revealed a surge in industrial output and a better-than-expected rise in retail sales. As China is the eurozone's key importer, the data managed to push the euro up a little. No major events are scheduled for today, but the U.S. building permits data at 12:30 p.m. UTC, and the speech by FOMC Member Christopher Waller at 4:10 p.m. UTC may affect USD and related pairs. Fundamentally, EURUSD remains in a bearish trend, and traders are generally advised to sell the rallies. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 Bitcoin holds above $66,800, sparking investors excitement Bitcoin (BTC) remained steady above the $66,800 level on Thursday, sparking excitement among investors. 👉 Possible effects for traders Bitcoin ETFs have seen significant buying activity over the past four days, signalling strong institutional demand, which could push Bitcoin towards new all-time highs. In just the last four trading days, inflows totalled $1.639 billion, marking one of the most successful weeks since Bitcoin ETFs were introduced, according to sosovalue.com. This surge suggests growing confidence among traditional investors in Bitcoin's future, driving increased demand and lifting its price. The coming days are crucial for Bitcoin's trajectory, as traders and investors anticipate a potential breakout to historic highs. With BTC approaching closer to these levels, upcoming price movements could be pivotal in determining BTC's direction. While optimism runs high, some market observers remain cautious. Historically, heightened excitement and euphoria are often followed by price retracements or consolidation. Bitcoin tends to form local tops when sentiment peaks, indicating a cooling-off period before the next significant move. Investors are closely monitoring for signs of a possible pullback or whether Bitcoin will continue its climb toward new all-time highs in the coming weeks. BTCUSD declined slightly during the Asian trading hours. Bitcoin has been in a strong uptrend since early September, leading the market. For bullish momentum to persist, Bitcoin must hold above $66,000. If the currency manages to stay above the level, the price could soon advance towards new highs. Investors and traders should monitor BTC ETF inflows and outflows to stay informed and keep a pulse on the market.​ 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

USDCAD, 30-minute timeframe chart USDCAD retested the resistance level of 1.38000 👉General outlook USDCAD has been trading in a sideways market within the last day. The pair moved up to the resistance level of 1.38000. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.37930. Set your stop loss at 1.38147 above the previous high ($1.57 loss for 0.01 lot) and take profit at 1.37713 ($1.57 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. Some traders may close their positions on Friday, which can add more pressure to the market. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

AUDUSD, 30-minute timeframe chart AUDUSD broke the resistance level of 0.67100 👉General outlook AUDUSD has been under buying pressure within the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 0.67130. Set your stop loss at 0.66900 below the previous low ($2.30 loss for 0.01 lot) and take profit at 0.67360 ($2.30 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. Some traders may close their positions on Friday, which can add more pressure to the market. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

‼️ Join Octa Analytics VIP Unlock premium signals, exclusive offers, and important events to boost your trading success. To become a member of Octa Analytics VIP, follow these easy steps: 1️⃣ Make sure you have $50 or more in your account. 2️⃣ Take a screenshot of your balance and send it along with your Octa real account ID to our @octa_vip_bot chatbot. 3️⃣ Await verification—usually, it’s completed within one business day. Ready to take your trading to the next level? Let us steer you toward success. The sooner you join, the more you’ll benefit from our elite trading community! 💯 Limited-time offer 💯 Don’t miss the opportunity to use the BONUSVIP100 promo code for a 100% deposit bonus!

#economic_calendar These events may affect the market on 18 October. 🔥 Don't forget to get a 100% deposit bonus!

EURUSD, 15-minute timeframe chart EURUSD retested the resistance level of 1.08680 👉Level explanation EURUSD has been trading in a bullish trend for the last couple of hours. The pair moved up to the resistance level of 1.08680. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.08655. Set your stop loss at 1.08790 above the previous high ($1.35 loss for 0.01 lot) and take profit at 1.08520 ($1.35 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. 📝Fundamental factors The U.S. Jobless Claims report will be released in a few minutes and could affect this trade. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

GBPJPY, 15-minute timeframe chart GBPJPY formed a bearish Doji pattern 👉Level explanation GBPJPY has been trading in a bullish trend for the last couple of hours. The pair moved up to the resistance level of 194.650. Now, the price displays a bearish Doji pattern. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 194.630. Set your stop loss at 194.870 above the previous high ($1.60 loss for 0.01 lot) and take profit at 194.390 ($1.60 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🌍 Nigerian Naira: Key Insights You Need to Know! Let’s talk about what’s shaping the naira in 2024. Here’s the latest scoop on Nigeria’s currency and the big economic factors driving its moves. 📉 Foreign Reserves Under Pressure Nigeria’s foreign reserves recently dropped to $33 billion. With oil as Nigeria's main foreign earner, any global oil price change can impact the naira's stability directly. Watch this space closely! 🔄 Unified Exchange Rate Policy The Central Bank of Nigeria (CBN) is working to bring the official and parallel rates closer together, hoping to attract foreign investment and bring stability to the naira. This policy is gradual, but it's a game-changer! 🔥 Inflation Impact Nigeria's inflation is one of the highest in Africa, sitting above 20%. High food and energy prices are making inflation a challenge, and the pressure on the naira isn't going away anytime soon. 💸 eNaira: Digital Currency Push The launch of the eNaira marks a big move for Nigeria as the first African country with a central bank digital currency. The goal? Reduce cash use and improve financial access. Stay tuned—this could change the currency game! 💰 External Debt Watch With over $40 billion in external debt, Nigeria needs more foreign currency for debt repayments. Managing this debt is crucial to keep the naira steady. 🌐 Global Interest Rates in Play All eyes are on the U.S. Federal Reserve. Higher U.S. interest rates typically strengthen the dollar, putting extra pressure on the naira. We're watching how this affects Nigeria's imports and overall economy! Where do you see the naira by the end of the year? #OctaGlobalInsights #Nigeria #Naira #ForexNews #EconomicTrends #NGNUSD

🚀 Gold hits record highs on expectations of rate cuts from major banks Gold (XAU) reached record highs following expectations of rate cuts from the major banks. 👉 Possible effects for traders Gold climbed towards approximately $2,685 per ounce on Thursday as a dovish outlook from major central banks and slightly lower bond yields boosted demand for non-yielding bullion. The Federal Reserve (Fed) is expected to deliver rate cuts in its two remaining decisions this year, with a 25-basis-point (bps) reduction in November becoming increasingly probable. Meanwhile, the European Central Bank (ECB) is anticipated to cut rates at today's meeting, and declining inflation in the U.K. signals a potential rate cut next month. Additionally, several major Asian central banks have recently lowered their rates. Meanwhile, the U.S. dollar (USD) remains strong, hovering near its highest level since early August, as markets increasingly anticipate the Fed implementing only modest interest rate cuts this year. This, coupled with positive risk sentiment, discourages traders from making new bullish bets on safe-haven gold, limiting further gains. Traders now focus on the upcoming U.S. macroeconomic data to get more information about short-term trading opportunities. XAUUSD rose during the Asian trading session. Today, traders should brace for heightened volatility as many key economic events come out. First, the ECB interest rate decision is due at 12:15 p.m. UTC and the ECB press conference at 12:45 p.m. UTC. These events could spark additional movement in XAUUSD, especially if there are hints of further monetary easing. Following that, U.S. Retail Sales and Jobless Claims reports will be released at 12:30 p.m. UTC, potentially affecting all USD pairs, including XAUUSD. Strong retail sales data could boost the greenback and push XAUUSD lower, while weaker-than-expected figures might support a bullish trend in gold. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🔽 Economic worries and rate cut prospects weigh on the euro The euro (EUR) lost 0.27% against the U.S. dollar (USD) on Wednesday as the greenback continued to rise in a very strong bullish trend. 👉 Possible effects for traders The market has essentially ruled out a substantial interest rate cut from the Federal Reserve (Fed) at its next policy meeting and started to price in a potential election victory by former President Donald Trump. Amo Sahota, executive director at FX consulting firm Klarity FX, pointed out that several major central banks are expected to undertake bigger rate cuts than the Fed because their economies are slowing much quicker than the U.S. one. These expectations have provided support for the U.S. dollar. Meanwhile, the European Central Bank's (ECB) latest report on the financial statement of the Eurosystem revealed that the regulator's balance sheet increased by 3 billion euros. This is a bearish signal for the euro and indicates that the ECB is worried about the eurozone economy. In fact, ECB President Christine Lagarde said yesterday that the central bank is beginning to observe signs of deterioration in the labour market. Other officials have also sounded dovish lately and spoken about the need to reduce rates further. EURUSD was falling during the Asian and early European trading sessions. Today, key events are the ECB's rate decision at 12:15 p.m. UTC and the following press conference at 12:45 p.m. UTC. Both events are expected to impact the market significantly and may provoke sharp moves in EUR pairs. Markets expect the ECB to cut its deposit and refinancing rates by 25 basis points (bps) each. However, the decision itself typically doesn't cause significant market fluctuations. The additional information revealed in the Monetary Policy Statement and the subsequent press conference often drives substantial market movements. EURUSD is in a downtrend, so traders may look for selling opportunities. Key levels to watch are support at 1.08450 and the resistance at 1.08740. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🔽 USDCAD declines after long growth On Wednesday, USDCAD declined and lost 0.17% as investors as the market had already priced in the potential monetary policy easing from the Bank of Canada (BOC). Also, traders evaluated the potential economic implications of the upcoming U.S. presidential election. 👉 Possible effects for traders Following the release of weaker-than-expected domestic inflation data on Tuesday, the likelihood of a 50-basis-point (bps) rate reduction by the BOC increased to approximately 80%, up from 50%. This would be the first outsized rate cut exceeding 25 bps since the central bank initiated its easing measures in June. Erik Nelson, a macro strategist with Wells Fargo Securities in London, stated: ‘I believe we have likely witnessed the majority of the decline in the Canadian dollar (CAD). A 50-bps reduction is already fully reflected in the market's pricing for next week’. Also, the results of the U.S. presidential election may affect USDCAD. Trump's plan to implement tax cuts, loosen financial regulations, and increase tariffs is seen as positive for the U.S. dollar. However, while Trump's plan to increase tariffs may cause disruptions in global trade, the U.S., Mexico, and Canada Agreement (USMCA)—the free trade agreement between the three nations—and the relaxation of U.S. fiscal policy could protect Canada's economy. Nelson stated that he doesn't foresee USMCA being terminated. USDCAD has been rising during Asian and early European trading hours. Today, U.S. Retail Sales and Jobless Claims reports due at 12:30 UTC will add volatility to the pair. Stronger-than-expected sales data and lower jobless claims figures will likely support the greenback, pushing USDCAD higher. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

XAUUSD, 30-minute timeframe chart XAUUSD retested the resistance level of 2,685.00 👉General outlook XAUUSD has been trading in a bullish trend for the last couple of hours. The pair moved up to the resistance level of 2,685.00. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 2,681.50. Set your stop loss at 2,690.50 above the previous high ($9.00 loss for 0.01 lot) and take profit at 2,672.50 ($9.00 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH