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It's time for another crypto update! Check our analytics and trade in the Octa app. Contracts expiry Around 98.5k Bitcoin option contracts worth nearly $9.5 bln are set to expire on 29 November, three times the value of last week's expiry. Why is it an important event? 🔹 Put/call ratio: ~0.84. 🔹 Highest open interest at $100k strike, totalling approximately $2 bln in value. 🔹 The price of the options is near a key level of $100k. A significant market move could be imminent. The TON's new form of Bitcoin The TON Foundation launches TON Teleport BTC, a Bitcoin derivative on the TON blockchain. Technical analysis BTCUSD is bullish and consolidating below the resistance level of $100k. Analysts expect the price to break due to positive fundamentals. But if the asset fails to hold the $90k support level, it may move towards the $74k to retest it (dashed arrow on the chart).

BTCUSD, 15-minute timeframe chart BTCUSD broke the support level of 95,950.00 👉Level explanation BTCUSD has been under selling pressure within the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 95,800.00. Set your stop loss at 96,600.00 above the previous high ($8.00 loss for 0.01 lot) and take profit at 94,800.00 ($10.00 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.25. 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

EURUSD, 1-hour timeframe chart EURUSD formed a bearish Doji pattern 👉Level explanation EURUSD has been trading in a bullish trend for the last couple of hours. Now, the price displays a bearish Doji pattern. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.05800. Set your stop loss at 1.06150 above the previous high ($3.50 loss for 0.01 lot) and take profit at 1.05450 ($3.50 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. Fundamental factors The eurozone Consumer Price Index report will be released in a few hours and could affect this trade. 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

#economic_calendar These events may affect the market on 29 November. 🔥 Don't forget to get a 100% deposit bonus!

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GBPUSD, 15-minute timeframe chart GBPUSD formed a bearish Hammer pattern 👉Level explanation GBPUSD has been trading in a bullish trend for the last couple of hours. The pair moved up to the resistance level of 1.26830. Now, the price displays a bearish Hammer pattern. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.26780. Set your stop loss at 1.26990 above the previous high ($2.10 loss for 0.01 lot) and take profit at 1.26570 ($2.10 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

Part two of our beginners' guide! Here are five tips for safe trading. Share them with a friend who starts on their trading path. Learn the market basics. Start by understanding the fundamentals of the markets. Know what drives asset prices and how market events affect your trading assets. Practice on a demo account. This gives you a chance to familiarise yourself with the platform, learn the ropes, and refine your strategies without financial risk. Limit exposure to 5% of your deposit. Never risk more than 5% of your total deposit on any trade. This way, even if a trade goes wrong, you won't lose your entire account. Diversify your portfolio. This reduces risk and makes your portfolio more resilient. Commit to continuous learning. The financial markets are always changing. Stay up-to-date with market news, attend webinars, and continuously study new strategies to stay ahead. #TipsForBeginners #TradingEducation #StartTrading #ForexForBeginners #Forex101

🔽 Ceasefire and rate cut expectations weigh down on gold Gold (XAU) rose by a mere 0.12% yesterday, reaching near the upper border of the $2,600–2,650 range and falling after testing it. 👉 Possible effects for traders The XAUUSD decline was largely driven by news of a ceasefire between Israel and Hezbollah, reducing demand for safe haven assets. However, the overall decline wasn't as deep as it could be because the U.S. dollar retreated from recent highs, and traders still hoped for an interest rate reduction in December. Yesterday, data on the Personal Consumption Expenditures (PCE) Price Index data, a preferred Federal Reserve's (Fed) measure of inflation, showed growth exceeding the central bank's 2% annual target, as expected. U.S. Gross Domestic Product (GDP) data for Q3 also showed steady growth. The lack of success in returning inflation to the Federal Reserve's 2% target and the potential for higher tariffs on imported goods could limit the scope for interest rate reductions next year. Nevertheless, many still anticipate the Fed will lower interest rates for a third time this year in December. Officials are divided on how much more rate cuts may be needed. ‘We continue to expect the FOMC to cut the Funds rate by 25 basis points at its December meeting’, said economist Kristina Clifton at the Commonwealth Bank of Australia. According to LSEG data, traders price in a 65% chance of a rate cut next month and expect a total reduction of 75 basis points by the end of 2025. During the Asian trading session, XAUUSD continued to decline. Today, the U.S. celebrates Thanksgiving, and exchanges are closed. Thus, volatility in the market is expected to be low, and XAUUSD will likely move in the already established trend. The pair is unlikely to break out of the $2,600–2,650 range. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🔽 Euro climbs as market digests U.S. data, but the rise remains limited The euro (EUR) gained 0.74% against the U.S. dollar (USD) on Wednesday despite positive U.S. economic data. 👉 Possible effects for traders After hitting a two-year low on 22 November, EURUSD has been attempting to recover. However, the pair has been unable to break above the critical resistance level of 1.05720–1.06100. Investors now lack strong fundamental reasons to buy the euro. The most recent U.S. macro data— Gross Domestic Product (GDP), Personal Consumption Expenditures (PCE) Price Index, and Pending Home Sales data—underscored U.S. economic resilience, supporting the U.S. dollar (USD). In addition, investors continue to price in the possibility of a tariff war that President-elect Donald Trump may potentially start once he assumes office on 20 January. Meanwhile, the latest eurozone statistics once again painted a bleak picture of the region's economic health. German Gfk Consumer Climate Indicator fell to a seven-month low, suggesting that inflation may continue to fall, allowing the European Central Bank (ECB) to cut the rates further. The market currently prices in more than a 50% chance that the eurozone base rate will drop towards just 2.5% by February 2025. At the same time, there is almost a 60% chance that the Federal Reserve (Fed) would maintain its rates in the range of 4.25–4.5% over the same period. EURUSD was falling during the Asian and early European trading sessions. Today, Germany will release its preliminary inflation figures. States' data will be released at 9:00 a.m. UTC, with harmonised federal data published at 1:00 p.m. UTC. If the report indicates a continuing slowdown in eurozone inflation, EURUSD may drop towards 1.05000 again. The overall Forex market volatility may be below average due to the U.S. Thanksgiving holiday. 📲 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 ahead of key GDP data The Canadian dollar (CAD) gained 0.17% against the U.S. dollar (USD) on Wednesday, defying recent weakness, as investors grew optimistic about avoiding a trade war with the U.S. 👉 Possible effects for traders Investors speculate that there might be a negotiated solution to U.S. trade threats and expect the upcoming Canadian Gross Domestic Product (GDP) data to come out stronger than expected. The optimism allowed CAD to recover from its 4.5-year low against the greenback. On Tuesday, the currency touched its lowest intraday level since April 2020 at 1.4177 after U.S. President-elect Donald Trump said he would impose a 25% tariff on imports from Canada and Mexico. ‘Targeting both countries suggests the threat was likely a strategic opening move in renegotiating the existing free trade agreement between the three nations. The price action following Trump's remarks supports this view, with an initial knee-jerk sell-off giving way to a recovery as investors anticipate a negotiated outcome’, said Tony Valente, a senior FX dealer at AscendantFX. Still, the potential imposition of U.S. tariffs on Canadian crude oil imports could force its producers to lower their prices and redirect their supply to Asian markets. Meanwhile, Canada's upcoming Q3 GDP data, scheduled for release on Friday, could provide insights into the Bank of Canada's (BOC) future monetary policy decisions. Economists predict GDP will expand at an annualised rate of 1%, but traders hope to see a higher figure. Coupled with recent inflationary pressures, this could lead to a reassessment of the likelihood of another substantial interest rate cut in the coming month. USDCAD was essentially unchanged during the Asian and early European trading sessions. Traders will likely refrain from initiating big positions in USDCAD ahead of tomorrow's GDP report. Furthermore, volatility in the Forex market can be low due to the Thanksgiving holiday in the U.S. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

USDJPY, 30-minute timeframe chart USDJPY broke the resistance level of 151.700 👉Level explanation USDJPY 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 151.750. Set your stop loss at 151.250 below the previous low ($3.29 loss for 0.01 lot) and take profit at 152.250 ($3.29 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

XAUUSD, 15-minute timeframe chart XAUUSD retested the resistance level of 2,638.00 👉Level explanation XAUUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 2,638.00. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 2,637.00. Set your stop loss at 2,647.00 above the previous high ($10.00 loss for 0.01 lot) and take profit at 2,625.00 ($12.00 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.2. 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

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USDCAD, 15-minute timeframe chart USDCAD retested the resistance level of 1.40520 👉General outlook USDCAD has been under selling pressure within the last couple of hours. The pair moved up to the resistance level of 1.40520. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.40254. Set your stop loss at 1.40655 above the previous high ($2.86 loss for 0.01 lot) and take profit at 1.39854 ($2.86 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

XAUUSD, 15-minute timeframe chart XAUUSD retested the support level of 2,640.00 👉General outlook XAUUSD has been under selling pressure within the last couple of hours. The pair moved down to the support level of 2,640.00. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 2,644.00. Set your stop loss at 2,635.00 below the previous low ($9.00 loss for 0.01 lot) and take profit at 2,653.00 ($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

GBPJPY, 30-minute timeframe chart GBPJPY retested the resistance level of 191.800 👉Level explanation GBPJPY has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 191.800. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 191.700. Set your stop loss at 192.220 above the previous high ($3.43 loss for 0.01 lot) and take profit at 191.180 ($3.43 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

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