OctaFX Official

2023-08-28 18:35:33 #economic_calendar

These events may affect the market on 29 August.

Visit Market Insights and read daily analytics to stay up-to-date about important events and their influence on your trading.

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2023-08-28 14:52:04 #intraday_trading

#XAUUSD seems bearish

Opportunity: SELL
Main pattern: Strong resistance pullback
Explanation: The blue line represents a long-term trend and displays a bearish movement. The line is stronger than the orange one, which is a short-term trend. The technical pattern suggests a continuation of the long-term trend.
Order type: Market Sell
Risk-reward ratio: 1:1

Place order: 1914.95
Stop Loss: 1919.20
Take Profit: 1911.02

Trade now

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These trading ideas can only be applied to the intraday trading strategy and remain valid for 24 hours after publication. They are based on historical data and analysis and do not guarantee constant profit. You remain solely responsible for your decisions and the financial risks you take. In case your pending order is not executed within a single trading day, please, do not forget to cancel it. Open / Comment

2023-08-28 12:30:00 #market_updates

Gold remains under pressure as the Fed sounds hawkish.

The ECB officials hinted that more rate hikes are possible.

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2023-08-28 12:26:04 #intraday_trading

#EURUSD is possibly bullish

Opportunity: BUY
Main pattern: Breakout, Pullback and Continuation
Explanation: The blue line represents a long-term trend and displays a bearish movement. The line is stronger than the orange one, which is a short-term trend. The technical pattern suggests a reversal of the long-term trend.
Order type: Market Buy
Risk-reward ratio: 1:1

Place order: 1.08015
Stop Loss: 1.07638
Take Profit: 1.08380

Trade now

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These trading ideas can only be applied to the intraday trading strategy and remain valid for 24 hours after publication. They are based on historical data and analysis and do not guarantee constant profit. You remain solely responsible for your decisions and the financial risks you take. In case your pending order is not executed within a single trading day, please, do not forget to cancel it. Open / Comment

2023-08-28 12:16:01 Find the best entry points for currency pairs in today’s
#technical_analysis

• The #EURUSD trend remains bearish
• Bears continue to bring #GBPUSD lower
• #USDJPY is in a flat market

Don’t miss out on profitable trading opportunities.

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2023-08-28 12:06:58 ​​#weekly_outlook

Keeping up-to-date with the market helps you make better trading decisions

Here’s a Weekly Market Outlook for 28 August – 1 September from Vito Henjoto. Stay informed and trade wisely.

We wish you a successful trading week! Open / Comment

2023-08-28 07:30:00 ​​#webinars_schedule #education

Webinars are now available in the OctaFX Trading App on your Android smartphone. Update the app to the latest version and access all live streams and past videos in just a few taps.

Join and learn more about trading:

28/08, 8 p.m. PHT - TAGLISH - Trading Camp with Paul Joseph Mendoza. Fundamental analysis and economic indicators
29/08, 7 p.m. WIB - INDONESIAN - Live trading session with Setyo Wibowo
29/08, 9:30 p.m. MYT - ENGLISH - Live trading session with Kar Yong Ang
30/08, 8 p.m. PHT - TAGLISH - Trading Camp with Paul Joseph Mendoza. Q&A session
30/08, 7 p.m. WIB - INDONESIAN - Webinar 'Reversal patterns. Horizontal levels' with Vito Henjoto
31/08, 6 p.m. WAT - ENGLISH - Live trading session with Ambrose Ebuka
31/08, 7 p.m. WIB - INDONESIAN - Q&A session with Vito Henjoto
31/08, 8 p.m. MYT - ENGLISH - Webinar 'Wave movements' with Kar Yong Ang
31/08, 8:30 p.m. PKT - URDU - Trading Camp with Mateen Awan. Summary lesson and live quiz
31/08, 9 p.m. MYT - MALAY - Live trading session with Cikgu Danie
31/08, 9 p.m. IST - HINDI - Live trading session with Manish Patel
1/09, 7 p.m. WIB - INDONESIAN - Live trading session with Andre Rizky
1/09, 9 p.m. IST - HINDI - Q&A session with Manish Patel Open / Comment

2023-08-25 12:43:02 #intraday_trading

#XAUUSD may correct downwards

Opportunity: SELL
Main pattern: Strong resistance pullback
Explanation: The price has deviated substantially from its long-term trend and risen to the strong resistance level. The technical pattern suggests a possible downwards correction.
Order type: Market Sell
Risk-reward ratio: 1:1

Place order: 1917.82
Stop Loss: 1924.43
Take Profit: 1911.20

Trade now

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These trading ideas can only be applied to the intraday trading strategy and remain valid for 24 hours after publication. They are based on historical data and analysis and do not guarantee constant profit. You remain solely responsible for your decisions and the financial risks you take. In case your pending order is not executed within a single trading day, please, do not forget to cancel it. Open / Comment

2023-08-25 12:30:00 #market_updates

Gold rose but stayed below the important 1,920 level.

The euro declined as the U.S. data showed a tight labour market.

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2023-08-25 12:00:03 Find the best entry points for currency pairs in today’s
#technical_analysis

• The #USDCAD trend remains bullish
• #GBPJPY is in a flat market
• #XAUUSD is in an uptrend

Don’t miss out on profitable trading opportunities.

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