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USDCAD, 1-hour timeframe chart USDCAD retested the support level of 1.38950 👉General outlook USDCAD has been under selling pressure within the last couple of hours. The pair moved down to the support level of 1.38950. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 1.39000. Set your stop loss at 1.38800 below the previous low ($1.44 loss for 0.01 lot) and take profit at 1.39200 ($1.44 profit for 0.01 lot). 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

​​#webinars_schedule #education 📲 Webinars are now always at your fingertips—in the Octa Trading App on your smartphone. To access the Webinars section in the app menu, make sure you have installed the latest update. 🔎 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: 🇵🇰 5/11, 6:30 p.m. PKT – URDU – Webinar 'Key currency pairs and forecasts' with Mateen Awan 🇮🇩 5/11, 7 p.m. WIB – INDONESIAN – Live trading session with Vito Henjoto 🇮🇩 6/11, 7 p.m. WIB – INDONESIAN – Live trading session with Setyo Wibowo 🇬🇧 7/11, 6 p.m. WAT – ENGLISH – Live trading session with Ambrose Ebuka 🇬🇧 7/11, 9 p.m. MYT – ENGLISH – Live trading session on OctaTrader with Kar Yong Ang 🇲🇾 7/11, 9 p.m. MYT – MALAY – Live trading session with Cikgu Danie 🇬🇧 7/11, 12 p.m. UTC – ENGLISH – Webinar 'News trading. Theory and practice' with Vito Henjoto

Mischief managed—it's time to meet the luckiest trader of our 'Trick or Trade' event. Chibuikem Sabatine Onugwu (Email: d***********4@gmail.com) - it's you. Congratulations! DM us your postal details so we can send you the main treat—an iPad mini. Thanks to everyone for participating. Stay tuned for more events, insights, and helpful trading info! #tradingevent #tradinglifestyle #Forextrading #forexevent #OctaHalloween

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EURUSD, 1-hour timeframe chart EURUSD pulled back from the resistance level of 1.08880 👉General outlook EURUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 1.08880. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.08700. Set your stop loss at 1.08950 above the previous high ($2.50 loss for 0.01 lot) and take profit at 1.08450 ($2.50 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. Fundamental factors The U.S. ISM Manufacturing Purchasing Managers' Index report will be released in a few minutes 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

#ICYMI: U.S. Elections—Brace for volatility and choppy trading 🌊 With just days left until November 5th, traders are gearing up for high volatility as markets respond to potential election outcomes. Traders and investors have been placing bets on a Trump victory, boosting the U.S. dollar and Treasury yields in recent weeks. 📈 Analysts suggest Trump's policies—like tax cuts and tariffs—could drive inflation, keeping the Fed from cutting rates. Meanwhile, Kamala Harris's approach, including tax hikes on the wealthy, could be dollar-negative, potentially lifting EURUSD and XAUUSD. ⚖️ No matter who wins, Congress could play a decisive role, with Republicans likely to hold the Senate and a possible split in the House. This uncertainty means choppy trading may lie ahead as traders watch for policy shifts and new developments. 🔗 Visit Space for a thorough U.S. election insights: https://octafx.onelink.me/LTef/evd22aqw

It’s crypto time—check the analysis and the forecast!

#BTCUSD has been moving within an ascending channel since the beginning of September.

Recently, the price broke the resistance level of $70,000 on an increased volume (highlighted by a white oval). Currently, the price is pulling back, trying to find support for the next bullish momentum. Analysts suggest waiting for a price rebound from the $68,000 support level and lower border channel. Additionally, the daily Ema20 takes place nearby. If the price rebounds from this zone, it may renew the maximums and head towards the $80,000 resistance level. Otherwise, if the price breaks below the ascending channel, we may consider the entire dynamics since March as a sideways movement. Then, the nearest target will be $60,000 per bitcoin (dotted arrow). Two things determine the upward trend of the BTCUSD over the last two months: 🔹October is usually a great time for BTC 🔹the U.S. election is in the final stages. Digital asset strategist at Fundstrat Sean Farrell said people are ‘voting with their wallets’ by buying #Bitcoin. Many people's feelings about Bitcoin depend on the U.S. election results, especially whether Donald Trump wins or loses. Trump has talked a lot about crypto, including appointing a council to advise him, firing one of its biggest critics, Gary Gensler, and creating a ‘strategic Bitcoin reserve’ with Congress' help. Don't just watch the market—trade crypto in the Octa app! #crypto #cryptotrading #cryptonews #cryptoupdate #forextrading

GBPUSD, 15-minute timeframe chart GBPUSD broke the resistance level of 1.29020 👉General outlook GBPUSD 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 1.29050. Set your stop loss at 1.28835 below the previous low ($2.15 loss for 0.01 lot) and take profit at 1.29265 ($2.15 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

🗳 U.S. Elections: prepare for volatility and choppy trading With less than a week until the U.S. presidential election, investors and traders are bracing for the results. Financial markets will respond differently depending on who ultimately enters the White House. According to Reuters, some large investors put on trades betting that Republican candidate Donald Trump will win the election. This helped lift the U.S. dollar and Treasury yields higher over the past month, even as polls indicate that the chances of both candidates are relatively even. 👉 Possible effects for traders Analysts tend to agree that Donald Trump's policies are more inflationary than Kamala Harris's proposals. He pledges to implement tax cuts, loosen financial regulations, and raise tariffs, which could prompt the Federal Reserve(Fed) to stop cutting interest rates. This development will have a bullish impact on the U.S. dollar and a bearish impact on other currencies, including EURUSD. At the same time, Kamala Harris wants to increase taxes—particularly on the wealthy—and supports a more moderate approach towards trade policy. Her win may be dollar-negative and have a bullish impact on EURUSD and XAUUSD. Still, Congress may limit the president's executive power regardless of who becomes the next president. Polls indicate that the Senate will remain in Republican's hands, while either of the two parties may control the House of Representatives. Traders should brace for increased volatility over the next trading sessions. Many investors may have exited the market and remained on the sidelines, so choppy trading is likely amid low liquidity. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🔽 XAUUSD drops after crucial U.S. economic data releases Gold (XAU) dropped yesterday after the release of the U.S. Personal Consumption Expenditures (PCE) Price Index and Jobless Claims reports. XAUUSD finished the session with a 1.56% decline. 👉 Possible effects for traders On Thursday, the U.S. Bureau of Economic Analysis revealed that PCE figures increased 2.1% annually last month, lower than a 2.3% rise in August but in line with expectations.The PCE Price Index is the Fed's favourite measure of inflation, and it's the first of two important economic releases before the central bank's policy meeting on 7 November. The second release will be tomorrow's nonfarm payroll (NFP) report. Meanwhile, the U.S. Initial Jobless Claims report data was lower than expected and supported the U.S. Dollar Index. The economic data remains mixed, but the market believes the Federal Reserve (Fed) will cut interest rates by 25 basis points next week. Still, U.S. political uncertainty supported gold. The prospect of another Donald Trump presidency raised expectations for expansionary fiscal policy and higher tariffs, prompting investors to hold gold as protection against long-term inflation risks. Additionally, the ongoing tensions in the Middle East and the war in Ukraine further enhanced gold's appeal as a safe haven asset. XAUUSD has been trading bullish during Asian and early European trading hours. The pair has found support at a $2,730––$2,740. Today, the nonfarm payrolls report will be published at 12:30 p.m. UTC. Higher-than-expected data may trigger bearish momentum in precious metals, while lower figures may support gold. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🚀 EURUSD rises as inflation accelerates and USD weakens The euro (EUR) gained 0.25% against the U.S. dollar (USD) on Thursday as the greenback weakened ahead of the U.S. presidential elections. 👉 Possible effects for traders Yesterday's Personal Consumption Expenditure (PCE) Price Index report indicated easing U.S. price pressures in September, supporting the view that the Federal Reserve (Fed) will cut interest rates by 25 basis points (bps) next week. The latest inflation report may have put additional bearish pressure on the U.S. Dollar Index (DXY) even as weekly jobless claims were stronger than expected. At the same time, investors consider the upcoming U.S. presidential elections a high-volatility event with uncertain outcomes. Thus, some market participants may have preferred to exit the market entirely before the results announcement, pushing the DXY lower and supporting the upward trend in EURUSD. Meanwhile, eurozone inflation has picked up again, reducing the probability of rate cuts by the European Central Bank (ECB). Yesterday's Harmonized Index of Consumer Prices (HICP) indicated that inflation accelerated more than expected in October and rose towards 2%, up from 1.7% in September. The data bolsters the case of ECB hawks, who say that inflation is still too fast and the central bank needs to cut the rates cautiously. Still, the market continues to price in a 25-bps rate cut in December. EURUSD was falling during the Asian and early European trading sessions. Today, all eyes will be on the U.S. nonfarm payroll (NFP) report due at 12:30 p.m. UTC. The data may influence interest rate expectations and investor sentiment, so we expect sharp price movements in various financial instruments, including EURUSD. The market expects the number of jobs created to increase by 113,000 in October and hourly earnings to grow by 4% annually. Stronger-than-expected figures will put downward pressure on EURUSD, potentially pushing the pair below 1.08200. Otherwise, the euro may rise above the 1.09200 level. Recent economic events like the Boeing strike and hurricanes will likely affect the NFP report. Therefore, even if the figures are weaker than expected, the bullish reaction in EURUSD may be limited. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🔽 Bitcoin is correcting ahead of U.S. election results Yesterday, Bitcoin (BTC) retraced after approaching its recent highs near the resistance at $73,500 and declined by 2.94%. The correction continues, although there are indications of further growth potential. 👉 Possible effects for traders Two key factors driving this rapid rally: seasonality—the second half of October is typically a period of strong BTC performance—and the final stages of the U.S. election. According to Sean Farrell, a digital asset strategist with Fundstrat, investors are ‘voting with their buy orders’. Much of the current sentiment towards Bitcoin depends on the outcome of the U.S. presidential election, with particular attention on the victory or defeat of Republican candidate Donald Trump. Trump has made several promises regarding the crypto industry, including the appointment of a presidential advisory council for cryptocurrencies, the dismissal of one of the most prominent opponents to the industry—Gary Gensler, and the creation of a 'strategic national Bitcoin reserve' with the assistance of Congress. In response, Democratic candidate Kamala Harris promised to establish a regulatory framework for cryptocurrencies and other digital assets as part of her efforts to support African-American communities. According to statistics, approximately one in five African Americans owns or has previously owned cryptocurrency. Overall, many industry representatives expect a more favourable regulatory environment for cryptocurrencies in the coming year. The nonfarm payroll (NFP) report will be published at 12:30 p.m. today, which could significantly impact market conditions.The price of Bitcoin is near the $69,000 support level. If the NFP figures match expectations, investors expect the BTCUSD price to increase towards $71,000. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

XAUUSD retested the support level of 2,747.10 XAUUSD, 15-minute timeframe chart 👉General outlook XAUUSD has been under selling pressure within the last couple of hours. The pair moved down to the support level of 2,747.10. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 2,748.30. Set your stop loss at 2,740.90 below the previous low ($7.40 loss for 0.01 lot) and take profit at 2,755.70 ($7.40 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

BTCUSD, 15-minute timeframe chart BTCUSD retested the resistance level of 69,600.00 👉Level explanation BTCUSD has been trading in a bearish trend within the last day. The pair moved up to the resistance level of 69,600.00. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 69,350.00. Set your stop loss at 70,150.00 above the previous high ($8.00 loss for 0.01 lot) and take profit at 68,550.00 ($8.00 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

‼️ 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!

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