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USD/JPY: Bears guarding 112.50 barrier?

 



Having bottomed near 112.15 region, the USD/JPY pair tries hard to turn into positive territory, but in vain, as the yen keeps ground on the back of renewed weakness in the European indices.

USD/JPY holding firmly above Wednesday’s high

The yen continues to be preferred by markets in the European session on the back of safe-haven bids backed by the negative performance on the European indices. Hence, an unfavourable risk sentiment keeps the USD/JPY pair in the red. At the time of writing, USD/JPY trades modestly flat at 112.38, struggling to take-out 112.50 resistance.

Moreover, the recovery in the major also lacks momentum as the US dollar stalled its initial rebound and slipped back in the red against its major competitors ah markets remain wary ahead of the US datasets. The USD index drops -0.15% near fresh session lows of 94.56.

USD/JPY Technical levels to watch

In terms of technicals, the immediate resistance is located at 112.64/66 (1h 200-SMA/ daily high). A break above the last, the major could test 113.00 (round number/ 1h 100-SMA). While to the downside, the immediate support is seen at 112.12/00 (Mar 23 Low) and below that at 111.36/20 (Mar 22 & 21 Low).

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Stay updated with

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tYHUDqU.png

 



USD/JPY: Bears guarding 112.50 barrier?

 



Having bottomed near 112.15 region, the USD/JPY pair tries hard to turn into positive territory, but in vain, as the yen keeps ground on the back of renewed weakness in the European indices.

USD/JPY holding firmly above Wednesday’s high

The yen continues to be preferred by markets in the European session on the back of safe-haven bids backed by the negative performance on the European indices. Hence, an unfavourable risk sentiment keeps the USD/JPY pair in the red. At the time of writing, USD/JPY trades modestly flat at 112.38, struggling to take-out 112.50 resistance.

Moreover, the recovery in the major also lacks momentum as the US dollar stalled its initial rebound and slipped back in the red against its major competitors ah markets remain wary ahead of the US datasets. The USD index drops -0.15% near fresh session lows of 94.56.

USD/JPY Technical levels to watch

In terms of technicals, the immediate resistance is located at 112.64/66 (1h 200-SMA/ daily high). A break above the last, the major could test 113.00 (round number/ 1h 100-SMA). While to the downside, the immediate support is seen at 112.12/00 (Mar 23 Low) and below that at 111.36/20 (Mar 22 & 21 Low).

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Real prizes for demo trading in Round 39 of OctaFX cTrader Weekly demo contest

 



OctaFX welcomes five new winners of cTrader Weekly demo contest. In Round 39, traders from all over the world competed to share the prize fund of $400. The ultimate winners are listed below:

  • 1st place with the award of $150 goes to Mr. Benny Saragih from Indonesia.
  • 2nd place with the award of $100 goes to Mr. Muhammad Saleem Gohar from Pakistan.
  • 3rd place with the award of $75 goes to Mr. Dejan Kostovski from Macedonia.
  • 4th place with the award of $50 goes to Mr. Sergej Denisov from Ukraine.
  • 5th place with the award of $25 goes to Mr. Moch Ghozali from Indonesia.


If you have never participated in cTrader Weekly demo contest, here are the reasons you should register your demo account and take part in the upcoming round:

  • Demo. No personal funds and risks are involved.
  • Valuable money prizes. The awards are real which makes the fight even more exciting.
  • Opportunity to enhance your trading skills. Train and get trading experience in a friendly no-risk environment. Get ready to trade real.


If you already feel like accepting the challenge, register in the next round.

OctaFX cTrader Weekly demo contest: time to win!

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Real prizes for demo trading in Round 39 of OctaFX cTrader Weekly demo contest

 



OctaFX welcomes five new winners of cTrader Weekly demo contest. In Round 39, traders from all over the world competed to share the prize fund of $400. The ultimate winners are listed below:

  • 1st place with the award of $150 goes to Mr. Benny Saragih from Indonesia.
  • 2nd place with the award of $100 goes to Mr. Muhammad Saleem Gohar from Pakistan.
  • 3rd place with the award of $75 goes to Mr. Dejan Kostovski from Macedonia.
  • 4th place with the award of $50 goes to Mr. Sergej Denisov from Ukraine.
  • 5th place with the award of $25 goes to Mr. Moch Ghozali from Indonesia.


If you have never participated in cTrader Weekly demo contest, here are the reasons you should register your demo account and take part in the upcoming round:

  • Demo. No personal funds and risks are involved.
  • Valuable money prizes. The awards are real which makes the fight even more exciting.
  • Opportunity to enhance your trading skills. Train and get trading experience in a friendly no-risk environment. Get ready to trade real.


If you already feel like accepting the challenge, register in the next round.

OctaFX cTrader Weekly demo contest: time to win!

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Stay updated with

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USD/JPY turns negative, eyes 109.00 handle

 



Having failed to cut through 10-DMA level of 109.42 levels, the USD/JPY turned negative in Europe and is now eyeing 109.00 levels.

Trades below hourly 200-MA

The spot currently trades just below hourly 200-MA located at 109.28 levels. Yen’s two day losing streak came after sharp rally last week and ran out of steam earlier today at 109.55 levels. Moreover, the losing streak was largely a corrective move and the current strength is again not taking into consideration the risk-on in the equity markets.

Ahead in the day, US consumer price index and weekly jobless claims release in the US is likely to influence the pair. The pair currently trades around 109.18 levels.

USD/JPY Technical Levels

The immediate support is seen at 109.00, under which the pair could target 5-DMA stationed at 108.61. A break lower would expose 107.63 (last week’s low). On the other hand, a break above 109.42 (10-DMA) would shift risk in favor of a rise to 110.00 levels, beyond which a major resistance is seen at 110.67 (Mar 17 low).

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Stay updated with

OctaFX and the most recent Forex news!

 



tYHUDqU.png

 



USD/JPY turns negative, eyes 109.00 handle

 



Having failed to cut through 10-DMA level of 109.42 levels, the USD/JPY turned negative in Europe and is now eyeing 109.00 levels.

Trades below hourly 200-MA

The spot currently trades just below hourly 200-MA located at 109.28 levels. Yen’s two day losing streak came after sharp rally last week and ran out of steam earlier today at 109.55 levels. Moreover, the losing streak was largely a corrective move and the current strength is again not taking into consideration the risk-on in the equity markets.

Ahead in the day, US consumer price index and weekly jobless claims release in the US is likely to influence the pair. The pair currently trades around 109.18 levels.

USD/JPY Technical Levels

The immediate support is seen at 109.00, under which the pair could target 5-DMA stationed at 108.61. A break lower would expose 107.63 (last week’s low). On the other hand, a break above 109.42 (10-DMA) would shift risk in favor of a rise to 110.00 levels, beyond which a major resistance is seen at 110.67 (Mar 17 low).

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Round 49 OctaFX Champion demo contest: how to win on the first try



ZPwNHsg.png



New OctaFX champions are here with the exciting tips for those who want to become the best of the best in trading! The winners of Round 49 of OctaFX Champion demo contest were happy to share their keys to success and secret techniques. Let’s welcome these traders:

  • 1st place with the award of 500 USD goes to Mr. Calixtus Anak Edmond Edmund Serop from Malaysia
  • 2nd place with the award of 300 USD goes to Mr. Aleksey Shumilovsky from Ukraine
  • 3rd place with the award of 100 USD goes to Mr. Rosli Abdullah from Malaysia
  • The last runner in the contest, Mr. Artyom Arenin from Spain is granted 100 USD

How to win if you take part in the contest for the first time? Should you follow the news or the instincts? Should you trade during high volatility times? Learn the answers from the success stories of OctaFX champions!

1st place - Mr. Calixtus Anak Edmond Edmund Serop from Malaysia
I feel so grateful that I became the winner in this round… I’ve never expected to actually win because it’s the first time I join a Forex competition. Well, maybe it was a beginner’s luck. Anyway, my methods are: following the news announcements, sentiment and trading expectation. I spend 7-8 hours a day to observe and perform my trading. To my mind, this is a winning approach and I hope it will help me build my trading confidence. When I gain enough experience and confidence participating in this contest, I will join the other ones that OctaFX has. May be Supercharged is a good idea since it looks it’s going to end soon. My personal key to success is following the news, using the sentiment tool and watching out for the impact on the market after certain news are released. I never give up and I always keep on trading even when I have “losing” days. That being said, I don’t have a particular strategy, but sometimes I watch at the candlestick development and of course follow my instincts. This is the way I reached my most spectacular gain of 100,000 USD. However, to get to these figures, you have to be training for quite a lot of time. To my mind, you have to spend at least a few years on the trading market to become a pro.

2nd place - Mr. Aleksey Shumilovsky from Ukraine
I wish I won the first prize, but being the second is not that bad either. I’m an involved trader, so Forex is a large part of my life, and I spend a lot of time and efforts on it. I will surely try the other contests that OctaFX offers: I like the wide range. I’m not sure what helped me get the award this time: maybe it was pure luck. I didn’t use any special tools or techniques, so I can’t say what was the decisive factor for me this time. There are a lot of strategies that I use and I don’t stick to a single one. However, this time my gain was the best ever. I’ve been trading for 5 years and I believe this period is enough to get the most important trading skills.

3rd place - Mr. Rosli Abdullah from Malaysia
I’m on the list of the winners, so it means that my strategy worked well. It’s great to know that! I usually spend a few hours during the London and US market sessions to look for the best trades, and this time I followed my rule. Apart from OctaFX Champion, I participate in cTrader Weekly and Southampton Supreme game. Like other traders, I think that success lies in the ability to identify the right time to enter and exit trades. I used big lots to place my Buy-stop and Sell-stop before the news releases (I like to trade during high impact news releases). With that, I got big profits and pushed my ranking to a better position. I enjoyed trading during these times. I made two big profits of approximately $22,000 and $55,000 respectively on March, 9th of and March,17th. This is quite an astonishing result, but I think I learned hard, so I deserved these gains. I takes quite some time to become a good trader, a person who can understand the reasons of the market movements and who is able to control their emotions when trading. My opinion is that it may take around 3 years to prepare someone to become a good trader.

Join OctaFX Champion Demo contest to win!

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Round 49 OctaFX Champion demo contest: how to win on the first try



ZPwNHsg.png



New OctaFX champions are here with the exciting tips for those who want to become the best of the best in trading! The winners of Round 49 of OctaFX Champion demo contest were happy to share their keys to success and secret techniques. Let’s welcome these traders:

  • 1st place with the award of 500 USD goes to Mr. Calixtus Anak Edmond Edmund Serop from Malaysia
  • 2nd place with the award of 300 USD goes to Mr. Aleksey Shumilovsky from Ukraine
  • 3rd place with the award of 100 USD goes to Mr. Rosli Abdullah from Malaysia
  • The last runner in the contest, Mr. Artyom Arenin from Spain is granted 100 USD

How to win if you take part in the contest for the first time? Should you follow the news or the instincts? Should you trade during high volatility times? Learn the answers from the success stories of OctaFX champions!

1st place - Mr. Calixtus Anak Edmond Edmund Serop from Malaysia
I feel so grateful that I became the winner in this round… I’ve never expected to actually win because it’s the first time I join a Forex competition. Well, maybe it was a beginner’s luck. Anyway, my methods are: following the news announcements, sentiment and trading expectation. I spend 7-8 hours a day to observe and perform my trading. To my mind, this is a winning approach and I hope it will help me build my trading confidence. When I gain enough experience and confidence participating in this contest, I will join the other ones that OctaFX has. May be Supercharged is a good idea since it looks it’s going to end soon. My personal key to success is following the news, using the sentiment tool and watching out for the impact on the market after certain news are released. I never give up and I always keep on trading even when I have “losing” days. That being said, I don’t have a particular strategy, but sometimes I watch at the candlestick development and of course follow my instincts. This is the way I reached my most spectacular gain of 100,000 USD. However, to get to these figures, you have to be training for quite a lot of time. To my mind, you have to spend at least a few years on the trading market to become a pro.

2nd place - Mr. Aleksey Shumilovsky from Ukraine
I wish I won the first prize, but being the second is not that bad either. I’m an involved trader, so Forex is a large part of my life, and I spend a lot of time and efforts on it. I will surely try the other contests that OctaFX offers: I like the wide range. I’m not sure what helped me get the award this time: maybe it was pure luck. I didn’t use any special tools or techniques, so I can’t say what was the decisive factor for me this time. There are a lot of strategies that I use and I don’t stick to a single one. However, this time my gain was the best ever. I’ve been trading for 5 years and I believe this period is enough to get the most important trading skills.

3rd place - Mr. Rosli Abdullah from Malaysia
I’m on the list of the winners, so it means that my strategy worked well. It’s great to know that! I usually spend a few hours during the London and US market sessions to look for the best trades, and this time I followed my rule. Apart from OctaFX Champion, I participate in cTrader Weekly and Southampton Supreme game. Like other traders, I think that success lies in the ability to identify the right time to enter and exit trades. I used big lots to place my Buy-stop and Sell-stop before the news releases (I like to trade during high impact news releases). With that, I got big profits and pushed my ranking to a better position. I enjoyed trading during these times. I made two big profits of approximately $22,000 and $55,000 respectively on March, 9th of and March,17th. This is quite an astonishing result, but I think I learned hard, so I deserved these gains. I takes quite some time to become a good trader, a person who can understand the reasons of the market movements and who is able to control their emotions when trading. My opinion is that it may take around 3 years to prepare someone to become a good trader.

Join OctaFX Champion Demo contest to win!

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Round 19 of Supercharged real contest: holding breath before the final straight



wWHgPgl.png



There’s only one month left till the very end of OctaFX Supercharged real contest, and soon the ultimate winners will be unveiled. Stay tuned to learn who gets Tesla Model S and a whole lot of other outstanding prizes! Here is the list of prizes you can get competing in the final:

  • Tesla Model S
  • Smart Fortwo
  • Renault Twizy
  • The latest Apple iMac
  • The latest Apple MacBook pro
  • The latest Apple Macbook Air
  • The latest Apple Mac Mini
  • The latest Apple iPad
  • Apple iPhone 6s plus
  • iPhone 6s

In the meantime, the results of the last but one round are here, so let’s welcome Chin Heung from Hong Kong who was the first trader in Round 19. The winner was excited to share his trading secrets and strategies:

The contest was an excellent drill for me. I’ve been trading for quite a while now, but I’ve never thought I could win in a contest: there are so many people participating... This time I got lucky and my profits were unexpectedly high. I mean, I consider myself an experienced trader but profits always vary and I can’t say I don’t face any losses. So I’m really excited about the recent round of the Supercharged contest.

The contest wasn’t taking a lot of time and effort, I was just trading as usual. At the same time, I was competing with the other contestants which was a good challenge.

My main strategy is no rush. If you are emotional and impatient, you are not a good trader. Forex is all about being calm and relaxed - no matter what happens on the market. Being reserved, you can see the whole picture in objective light. Of course, it took some time for me to develop this strategy and adopt it. The first year or two were full of mistakes and stupid losses. Now I learned to avoid them thanks to being patient and calm. There is one trick to acquire this kind of state: keep your “trading money” separate from your personal funds. Consider trading your job - this will help you bring down the level of nervousness.

My next plan is of course to win Tesla. The last round will be over soon and I stake my hopes on the last run. The prize is really big, so the competition is serious.

My advice for the fellow traders is the following: be strong, calm and be ready to win. Because… why not?


OctaFX Supercharged real contest: time to win!

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Round 19 of Supercharged real contest: holding breath before the final straight



wWHgPgl.png



There’s only one month left till the very end of OctaFX Supercharged real contest, and soon the ultimate winners will be unveiled. Stay tuned to learn who gets Tesla Model S and a whole lot of other outstanding prizes! Here is the list of prizes you can get competing in the final:

  • Tesla Model S
  • Smart Fortwo
  • Renault Twizy
  • The latest Apple iMac
  • The latest Apple MacBook pro
  • The latest Apple Macbook Air
  • The latest Apple Mac Mini
  • The latest Apple iPad
  • Apple iPhone 6s plus
  • iPhone 6s

In the meantime, the results of the last but one round are here, so let’s welcome Chin Heung from Hong Kong who was the first trader in Round 19. The winner was excited to share his trading secrets and strategies:

The contest was an excellent drill for me. I’ve been trading for quite a while now, but I’ve never thought I could win in a contest: there are so many people participating... This time I got lucky and my profits were unexpectedly high. I mean, I consider myself an experienced trader but profits always vary and I can’t say I don’t face any losses. So I’m really excited about the recent round of the Supercharged contest.

The contest wasn’t taking a lot of time and effort, I was just trading as usual. At the same time, I was competing with the other contestants which was a good challenge.

My main strategy is no rush. If you are emotional and impatient, you are not a good trader. Forex is all about being calm and relaxed - no matter what happens on the market. Being reserved, you can see the whole picture in objective light. Of course, it took some time for me to develop this strategy and adopt it. The first year or two were full of mistakes and stupid losses. Now I learned to avoid them thanks to being patient and calm. There is one trick to acquire this kind of state: keep your “trading money” separate from your personal funds. Consider trading your job - this will help you bring down the level of nervousness.

My next plan is of course to win Tesla. The last round will be over soon and I stake my hopes on the last run. The prize is really big, so the competition is serious.

My advice for the fellow traders is the following: be strong, calm and be ready to win. Because… why not?


OctaFX Supercharged real contest: time to win!

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$400 prize for the winners of Round 40 of OctaFX cTrader Weekly demo contest

 



c8xCpre.png

 



Round 40 of OctaFX cTrader Weekly demo contest showed the outstanding skills and ample experience of Indonesian traders: this time, all the winners happened to be from Indonesia! Let’s welcome five traders who were the greatest in the latest round of cTrader Weekly demo contest:

  • 1st place with the award of $150 goes to Mr. Ariyanti from Indonesia.
  • 2nd place with the award of $100 goes to Mr. Hafiz Mirsada from Indonesia.
  • 3rd place with the award of $75 goes to Mr. Endang Sudiarto Sudiro from Indonesia.
  • 4th place with the award of $50 goes to Mr. Cucu Hasan Sadikin from Indonesia.
  • 5th place with the award of $25 goes to Mr. Aris Triyono from Indonesia.

Taking your chances in OctaFX cTrader Weekly demo contest is not as hard as you can imagine. Just register a demo account to take part in the next round and join the competition! Participating in cTrader Weekly demo contest is completely risk-free: you don’t have to use your personal funds to trade, but you get a chance to receive real prizes. If your trading week is successful enough, you get as much as $150. Register to try the convenient cTrader platform and get your money prize at no cost!

OctaFX cTrader Weekly demo contest: demo trading, real opportunity!

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$400 prize for the winners of Round 40 of OctaFX cTrader Weekly demo contest

 



c8xCpre.png

 



Round 40 of OctaFX cTrader Weekly demo contest showed the outstanding skills and ample experience of Indonesian traders: this time, all the winners happened to be from Indonesia! Let’s welcome five traders who were the greatest in the latest round of cTrader Weekly demo contest:

  • 1st place with the award of $150 goes to Mr. Ariyanti from Indonesia.
  • 2nd place with the award of $100 goes to Mr. Hafiz Mirsada from Indonesia.
  • 3rd place with the award of $75 goes to Mr. Endang Sudiarto Sudiro from Indonesia.
  • 4th place with the award of $50 goes to Mr. Cucu Hasan Sadikin from Indonesia.
  • 5th place with the award of $25 goes to Mr. Aris Triyono from Indonesia.

Taking your chances in OctaFX cTrader Weekly demo contest is not as hard as you can imagine. Just register a demo account to take part in the next round and join the competition! Participating in cTrader Weekly demo contest is completely risk-free: you don’t have to use your personal funds to trade, but you get a chance to receive real prizes. If your trading week is successful enough, you get as much as $150. Register to try the convenient cTrader platform and get your money prize at no cost!

OctaFX cTrader Weekly demo contest: demo trading, real opportunity!

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Round 41 of OctaFX cTrader Weekly demo contest: bringing an opportunity to excel

 



c8xCpre.png

 



Time flies, so here are another week’s results of OctaFX cTrader Weekly demo contest. Let’s welcome five more winners and five more valuable prizes that were given to the most skillful traders of Round 41 of cTrader Weekly demo contest:

  • 1st place with the award of $150 goes to Mr. Yudi Indra Lesmana from Indonesia.
  • 2nd place with the award of $100 goes to Mr. Ferry Nugroho from Indonesia.
  • 3rd place with the award of $75 goes to Mr. Mohd Hafsham Hashim from Malaysia.
  • 4th place with the award of $50 goes to Mr. Brian Thabiso Mmiroa from South Africa.
  • 5th place with the award of $25 goes to Mr. Subagyo from Indonesia.

OctaFX cTrader Weekly demo contest offers a unique opportunity to boost your trading confidence by testing your skills and advancing your Forex experience. OctaFX cTrader Weekly demo contest is a risk-free option for those who prefer to stick to demo accounts and to trade without any losses yet win some real money. Competing with other contestants, you don’t just trade - you learn how to excel. So join the contest now to participate in the next round and to get the first prize!

OctaFX cTrader Weekly demo contest: an excellent chance to win!

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Round 41 of OctaFX cTrader Weekly demo contest: bringing an opportunity to excel

 



c8xCpre.png

 



Time flies, so here are another week’s results of OctaFX cTrader Weekly demo contest. Let’s welcome five more winners and five more valuable prizes that were given to the most skillful traders of Round 41 of cTrader Weekly demo contest:

  • 1st place with the award of $150 goes to Mr. Yudi Indra Lesmana from Indonesia.
  • 2nd place with the award of $100 goes to Mr. Ferry Nugroho from Indonesia.
  • 3rd place with the award of $75 goes to Mr. Mohd Hafsham Hashim from Malaysia.
  • 4th place with the award of $50 goes to Mr. Brian Thabiso Mmiroa from South Africa.
  • 5th place with the award of $25 goes to Mr. Subagyo from Indonesia.

OctaFX cTrader Weekly demo contest offers a unique opportunity to boost your trading confidence by testing your skills and advancing your Forex experience. OctaFX cTrader Weekly demo contest is a risk-free option for those who prefer to stick to demo accounts and to trade without any losses yet win some real money. Competing with other contestants, you don’t just trade - you learn how to excel. So join the contest now to participate in the next round and to get the first prize!

OctaFX cTrader Weekly demo contest: an excellent chance to win!

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Deposit your euro account with Skrill!

 



CIjBKho.png

 



We are glad to inform you that starting from today you can deposit your euro trading accounts with Skrill! OctaFX introduces direct deposits and withdrawals for Skrill in euro currency.

Every day we are aiming to make your trading more convenient. Today we are ready to introduce an improvement of Skrill deposit option: starting from now if you keep your funds on your Skrill account in euro no conversion is required to deposit OctaFX euro account! You can also withdraw your funds with no commission.

  • Minimal deposit amount is €50
  • Account credit is instant
  • No commission is taken
  • No conversion is performed

Try out this new option – deposit your euro trading account with Skrill now!

Stay tuned to know about OctaFX improvements first!

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Deposit your euro account with Skrill!

 



CIjBKho.png

 



We are glad to inform you that starting from today you can deposit your euro trading accounts with Skrill! OctaFX introduces direct deposits and withdrawals for Skrill in euro currency.

Every day we are aiming to make your trading more convenient. Today we are ready to introduce an improvement of Skrill deposit option: starting from now if you keep your funds on your Skrill account in euro no conversion is required to deposit OctaFX euro account! You can also withdraw your funds with no commission.

  • Minimal deposit amount is €50
  • Account credit is instant
  • No commission is taken
  • No conversion is performed

Try out this new option – deposit your euro trading account with Skrill now!

Stay tuned to know about OctaFX improvements first!

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