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📊 USDCAD fluctuates ahead of U.S. CPI data USDCAD rose on Friday due to a decline in oil prices and a new Canadian employment data release. 👉 Possible effects for traders Canada added only 14,500 jobs in October, falling short of expectations. However, wages for permanent employees increased as the economy absorbed additional workers from the rapidly expanding labour force. ‘Odds on a 50-basis-point rate cut at the bank's December meeting are holding just above coin-toss levels, and the rate differential between U.S. and Canadian ten-year bond yields remains extremely wide relative to history, helping put sustained pressure on the Canadian dollar (CAD),’ said Karl Schamotta, Chief Market Strategist at Corpay. This supports the view that the Bank of Canada (BOC) will likely cut interest rates again next month. Investors believe there's a 60% chance that the regulator will cut the rates by more than 50 basis points (bps). The U.S. Dollar Index (DXY) has remained relatively stable in recent weeks, with investors uncertain about the next move. They await U.S. inflation data on Wednesday, which could offer insights into the Federal Reserve's (Fed) plans. Traders are also closely monitoring remarks from Fed officials, including an upcoming speech from Fed Chair Jerome Powell on Thursday. Last week, the U.S. dollar saw significant volatility, strengthening due to concerns over rising inflation and debt levels following Trump's election. In response, the Fed cut interest rates by 25 bps but didn't provide clear guidance on future rate changes. USDCAD has been moving sideways during Asian and early European trading hours. Today is Remembrance Day, so analysts expect low volatility in this pair. The next major event is the U.S. Consumer Price Index (CPI) report at 1:30 p.m. UTC on Wednesday. A higher-than-expected reading may support the pair, while softer data could trigger a downward correction. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

GBPUSD, 15-minute timeframe char GBPUSD broke the support level of 1.29050 👉Level explanation GBPUSD 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 1.29000. Set your stop loss at 1.29250 above the previous high ($2.50 loss for 0.01 lot) and take profit at 1.28750 ($2.50 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

​​#weekly_outlook 🔎 Keeping up-to-date with the market helps you make better trading decisions Here’s a Weekly Market Outlook for 11 – 15 November from Vito Henjoto. Stay informed and trade wisely. We wish you a successful trading week!

GBPJPY, 1-hour timeframe chart GBPJPY tested the resistance level of 198.350 👉Level explanation GBPJPY has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 198.350. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 198.300. Set your stop loss at 199.050 above the previous high ($4.89 loss for 0.01 lot) and take profit at 197.550 ($4.89 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

​​#webinars_schedule #education 💫 Webinars are now right within the Octa Trading App on your Android device. Download the latest update and master your trading even more conveniently. 🔎 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: 🇵🇰 11/11, 6:30 p.m. PKT – URDU – Webinar 'Post-election market outlook' with Mateen Awan 🇮🇩 12/11, 7 p.m. WIB – INDONESIAN – Live trading session on OctaTrader with Vito Henjoto 🇬🇧 13/11, 12 p.m. UTC – ENGLISH – Webinar 'News trading. Inflation' with Vito Henjoto 🇬🇧 14/11, 6 p.m. WAT – ENGLISH – Live trading session on OctaTrader with Ambrose Ebuka 🇲🇾 14/11, 9 p.m. MYT – MALAY – Live trading session on OctaTrader with Cikgu Danie

‼️ 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!

USDJPY, 15-minute timeframe chart USDJPY retested the resistance level of 152.870 👉Level explanation USDJPY has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 152.870. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 152.623. Set your stop loss at 153.049 above the previous high ($2.79 loss for 0.01 lot) and take profit at 152.199 ($2.79 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. 👉Fundamental factors The U.S. Consumer Sentiment 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

XAUUSD, 15-minute timeframe chart XAUUSD retested the resistance level of 2,693.50 👉Level explanation XAUUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 2,693.50. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 2,690.80. Set your stop loss at 2,699.00 above the previous high ($8.20 loss for 0.01 lot) and take profit at 2,682.60 ($8.20 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

For all our 9-to-5 buddies, can you relate? Share if yes! Put your favourite type of coffee in the comments, and subscribe if you are interested in a Forex side hustle. #meme #coffee #forexmeme #tradingrofl

Friday is for the weekly crypto update. Check our analytics and trade in the Octa app #BTCUSD continues to move within the ascending channel near its upper border. On Wednesday, when it became clear that Donald Trump had been elected president, the price broke the resistance level of $72,000. Trump has talked a lot about crypto, including appointing a 'crypto council' and creating a 'strategic Bitcoin reserve' with Congress's help. The market seems to believe his words and is already pricing in these expectations. Also, the biggest American cryptocurrency exchange, Coinbase, started using wrapped Bitcoin on Solana to make it easy for users to use Bitcoin in DeFi on Solana. The token has a market capitalisation of more than 1 billion dollars. In technical analysis, analysts observe a bearish divergence in the 1-hour timeframe. The price will likely pull back towards the $72,000 level to test it. After rebounding from the SMA200 on the 1-hour chart, the price will continue its upward trajectory within an ascending channel. Alternatively, the price could continue to rise towards the $82,000 resistance level despite the bearish divergence (indicated by the dashed arrow). #crypto #cryptotrading #cryptonews #cryptoupdate #forextrading

USDCAD, 30-minute timeframe char USDCAD pulled back from the resistance level of 1.39000 👉Level explanation USDCAD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 1.39000. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.38850. Set your stop loss at 1.39200 above the previous high ($2.52 loss for 0.01 lot) and take profit at 1.38500 ($2.52 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

🚀 XAUUSD has finished its rally Gold (XAU) rose in the mid-afternoon on Thursday as the U.S. dollar (USD) weakened ahead of the Federal Reserve (Fed) meeting, where U.S. interest rates were expected to be lowered. XAUUSD rose towards $2,710 after declining by 3% on the previous day due to the U.S. dollar (USD) rising towards a four-month high following Donald Trump's victory. 👉 Possible effects for traders The Fed reduced the federal funds target range to 4.5–4.75% on Thursday, noting signs of softening in the labour market and acknowledging inflation approaching the 2% target, although remaining elevated. At his press conference, Fed Chairman Jerome Powell avoided providing specific guidance on future interest rate changes, emphasising the central bank's flexibility to adjust its policies based on incoming economic data. Moreover, Powell stated that the new President's policies, which included broad-based tariffs, tax cuts, and the potential for large-scale immigration deportations, are unlikely to affect the near-term direction of the U.S. interest rates. Gold has been declining during Asian and early European trading hours. It seems that XAUUSD has retested the ascending channel and will continue to decline. Today, the preliminary Michigan Consumer Sentiment report comes out at 3:00 p.m. UTC. A higher-than-expected number will continue to put downward pressure on the precious metal, while a lower-than-expected figure may support XAUUSD. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🚀 BTCUSD is setting new highs after Trump's victory Bitcoin (BTC) has been growing for the last three days, reaching new all-time highs with no signs of slowing. Yesterday, BTCUSD reached a record high of $77,000. 👉 Possible effects for traders The significant increase in the price of Bitcoin is due to Donald Trump's victory in the U.S. presidential election on Tuesday. Trump received more than 270 electoral votes and overtook the Democratic candidate, Kamala Harris. The cryptocurrency market immediately responded to this news, positively perceiving the new President and gaining bullish momentum. Trump's favourable attitude towards cryptocurrencies contributed to an improvement in market sentiment. Experts believe the cryptocurrency markets will experience regulatory changes following the election, leading to higher adoption of digital currencies. In the last 24 hours, the market capitalisation of Bitcoin has increased towards $1.445 trillion, and the trading volume rose by 40.899%. According to CoinMarketCap data, Bitcoin currently holds a dominant position of 59.86% in the market. The largest American cryptocurrency exchange, Coinbase, has launched its version of wrapped Bitcoin on the Solana blockchain, intending to expand the use of this asset in the decentralised finance (DeFi) space. This is the first time Coinbase has issued a token on Solana; with it, the company aims to bring easy access to Bitcoin for its users. The token is fully backed by 1:1 reserves of Bitcoin and allows users to use Bitcoin within the DeFi ecosystem on Solana. Since its launch in mid-September, Coinbase's Bitcoin asset has grown to over $1 billion in market capitalisation. BTCUSD continues to move above $76,000. The pair may experience a minor downward correction in the short term before continuing its upward trend. Key support levels to watch are $$74,500 and $74,000. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

AUDUSD, 1-hour timeframe chart AUDUSD tested the support level of 0.66450 👉Level explanation AUDUSD has been under selling pressure within the last couple of hours. The pair moved down to the support level of 0.66450. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 0.66480. Set your stop loss at 0.66130 below the previous low ($3.50 loss for 0.01 lot) and take profit at 0.66830 ($3.50 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 8 November. 🔥 Don't forget to get a 100% deposit bonus!

GBPUSD, 15-minute timeframe chart GBPUSD retested the resistance level of 1.29750 👉Level explanation GBPUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 1.29750. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.29669. Set your stop loss at 1.30003 above the previous high ($4.14 loss for 0.01 lot) and take profit at 1.29336 ($4.14 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

Have you heard that Thursday is the day of cinnamon coffee? Believers add cinnamon to their coffee to attract richness and wealth to their lives. We don’t support any superstitions and have a better option for you: deposit to your Octa account and trade towards better financial status. Here it is: CINNAMON You have one week to apply the bonus to your deposit. Hurry up to the Octa app! #forexpromocode #depositbonus #tradewithbonus #forexbonus #cinnamoncoffee