Mitra Kukar FC, OctaFX Indonesian Football partners are champions!

OctaFX congratulates Indonesian Football club Mitra Kukar on becoming Champions of Sudirman Cup!

The Cup was held across the whole country and all prominent Indonesian FCs took part in it: Arema, Persib, PS TNI, Semen Padang, Surabaya United, Pusamania Borneo, Persela, Persipura, PSM Makassar, Bali United, Persija, Sriwijaya FC, Persipasi Bandung Raya, Gresik United.

We’re very proud that our team defeated all 15 contestants and fully deserved that title! The final match took place Saturday, January 24 at Gelora Bung Karno Stadium in Jakarta and Mitra Kukar won Semen Padang 2-1!

We’re celebrating our team’s victory today and  would like to remind you that every road to success starts with work and dedication.

Mitra Kukar team players were also distinguished individually: Rudolof Yanto Basna has become Best Player of the Championship and Patrick Dos Santos has become a Top  Scorer of the Championship.

“It has been a fascinating experience to watch the team progressing through the stages of Sudirman Cup! We shared both challenging defeats and startling victories, supporting our team on their way to the top! Today we are celebrating together, proud to be the part of this triumph!” 

Joanna Archer

We would like to thank Mitra Kukar and the team’s management for inspiring us to try our hardest and deliver the best services possible, while they are snatching football victories for us! 

We wish Mitra Kukar to advance in the coming championships so stay tuned to know the news first!
This is the second year in a row when a team we’re associating with is awarded the title of Champions, and this is not a coincidence!

Stay with OctaFX and be the Champion!

EUR/USD halts a 2-day rally, surrenders 1.09 handle

Having peaked at 1.0940 levels in opening trades, EUR/USD drifts lower and runs through fresh sellers below 1.09 handle over the last hours as risk-on dominates Asia on stabilizing Chinese equities. 

EUR/USD drops to lows near hourly 200-SMA

Currently, the EUR/USD pair trades 0.44% lower at 1.0884, recovering slightly from fresh session lows of 1.0873 struck near the hourly 200-SMA at 1.0879. The main currency pair halts a 2-day rally and sees steep losses this session as the demand for safe-havens such as the euro was hit on the back risk-on relief rally seen in China’s stock markets, after PBOC fixed USD/CNY rate lower today and the authorities shelved the circuit breaker after the previous sell-off.

Moreover, the US dollar staged a solid come-back against its major competitors on the back of re-emergence of risk-on trades and also markets bid the greenback ahead of the crucial US payrolls data due later in the day.

Meanwhile, in absence of first-tier economic data from the Euro land, markets will watch for second-line of releases viz., the German industrial production and trade balance, before the main risk event for today, the US NFP. 

EUR/USD Technical Levels

In terms of technicals, the pair finds the immediate resistance is seen at 1.0940/42 (daily high/ hourly R2). A break beyond the last, doors will open for a test of 1.0984 (100-DMA). On the flip side, the immediate support is placed at 1.0814/11 (1h 100 & 50-SMA), below which 1.0769 (Jan 7 Low) could be tested.

EUR/USD halts a 2-day rally, surrenders 1.09 handle
EUR/USD 2016-01-08T02:30:00
1.08838/1.08843 (-0.054208509817%)
H1.0887 L1.08775
S3 S2 S1 R1 R2 R3
1.09056 1.09140 1.09241 1.09426 1.09510 1.09611
Trend Index OB/OS Index
Bullish Overbought

News room

USD/JPY holds above 118 handle, 5-DMA at 118.57 caps upside

USD/JPY failed to hold at higher levels and slipped despite a relief rally in the Asian indices, especially with a positive opening in China's stock markets supported risk-on environment.

The pair still holds above the 118 handle and is trying to stabilize above the hourly 50-SMA support placed at 118.18.

Stochs on 4hourlies have rolled over from oversold zone with a bullish crossover, MACD also gives a buy on the 4Hourly charts.

A close above 118.30 (major support turned resistance) with support from momentum indicators could see regain of 120 levels.

On the other side a close below 117.72 will take the pair to 116 and then 115.60 levels.

Recommendation: We will wait for confirmation to go long

News room


USD/CAD hits fresh 12-year high above 1.40, good to buy at dips

Major resistance -1.40018 (Dec 17th High)
Major support - 1.3800
Loonie has broken major resistance 1.40018 and jumped till 1.40393 at the time of writing. It is currently trading around 1.40380.
Any break above 1.40018 confirms major trend reversal a jump till 1.4536/1.4980 is possible.
The policy divergence and decline in oil prices have dragged the Canadian dollar to 12 year low. The market also awaits FOMC minutes meeting for further upmove.
On the lower side major weakness can be seen only 1.3800 and any break below 1.3800 targets 1.3690/1.3550. The minor support is around 1.3980 and break below will drag the pair down till 1.3927/1.3880/1.3800.

It is good to buy at dips around 1.4025-30 with SL around 1.3980 for the TP of 1.4500/1.4980

News room

USD/CHF: Bulls back in charge, re-takes 1.0100

FXStreet (Mumbai) - The USD/CHF pair found fresh bids near the daily pivot located at 1.0074 and flipped to gains, now retesting 1.01 barrier on its way to five-week highs.

USD/CHF takes-out hourly 20-SMA

Currently, the USD/CHF pair trades 0.12% higher at fresh session highs of 1.0100, jumping-off lows struck at 1.0073, where the daily pivot stands. The rising demand for the US dollar heading into early European trades pushed the USD/CHF higher back towards 1.01 barrier.

Earlier in Asia, the major remained capped below 1.01 handle as the Swiss franc witnessed higher demand in light of falling Asian equities and on underlying flight to safety theme.

Looking ahead, markets will take cues from the sentiment on the European stocks amid a data-light EUR calendar, while the main focus remains on plenty of risk events due later in the US session, including the key FOMC minutes.

USD/CHF Technical Levels

To the upside, the next resistance is located 1.0131/45 (Jan 5 High/ daily R1) levels and above which it could extend gains to 1.0202 (daily R2). To the downside, immediate support might be located at 1.0044 (5-DMA) and below that 1.0025 (50-DMA).

USD/CHF 2016-01-06T06:00:00
1.00965/1.00978 (0%)
H1.00971 L1.00971
S3 S2 S1 R1 R2 R3
1.00548 1.00651 1.00793 1.01038 1.01141 1.01283
Trend Index OB/OS Index
Bullish Neutral 

News room