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
2 Feb 2022

US Dollar Index Price Analysis: DXY eyes further losses towards 50-DMA

  • DXY remains on the back foot around intraday low, down for the fourth consecutive day.
  • Clear downside break of 13-day-old support line keeps sellers hopeful.
  • Bulls need to cross 10-week-long horizontal area to regain the controls.

US Dollar Index (DXY) holds lower ground near 96.25, prints a four-day downtrend during early Wednesday.

In doing so, the greenback gauge justifies the previous day’s downside break of a short-term support line, as well as steady RSI.

As a result, the US Dollar Index signals further downside towards the 50-SMA level of 96.08. However, the quote’s further weakness will be challenged by the 96.00 threshold.

Should the DXY bears manage to conquer the 96.00 round figure, multiple lows marked since November 18 will challenge additional downside around 95.60-50.

Meanwhile, the support-turned-resistance line from January 14 will challenge the pair’s immediate recovery moves near 96.75.

Following that, a horizontal area from November 24 and January 28 low, respectively around 96.95 and 97.05, will be crucial to watch for the US Dollar Index bulls.

DXY: Daily chart

Trend: Further weakness expected

 

Feb 2, 2022

AUD/USD retreats from weekly top near 0.7150 as RBA’s Lowe sounds cautious

AUD/USD bulls take a breather around the weekly top, easing to 0.7135, on RBA Governor Philip Lowe’s cautious optimism during early Wednesday. Even so
Read more Previous
Feb 2, 2022

US House to hold procedural vote on China competition bill on Wednesday – Reuters

The US. House of Representatives has likely scheduled a procedural vote on Wednesday to pass a bill aimed at increasing US competitiveness with China
Read more Next