Author: Omada Admin
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EUR/USD Daily Outlook
Daily Pivots: (S1) 1.1239; (P) 1.1263; (R1) 1.1307; More… EUR/USD’s break of 1.1292 resistance suggest that correction from 1.1572 has completed at 1.1064 already. Intraday bias is back on the upside for retesting 1.1572 high first. Firm break there will resume larger up trend. Next near term target will be 61.8% projection of 1.0176 to…
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AUD/USD Daily Report
Daily Pivots: (S1) 0.6391; (P) 0.6426; (R1) 0.6459; More… Range trading continues in AUD/USD and intraday bias remains neutral. Further rise is in favor with 0.6356 support intact. One the upside, break of 0.6511 will resume the rise from 0.5913 and target 61.8% retracement of 0.6941 to 0.5913 at 0.6548. However, firm break of 0.6356…
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USD/CAD Daily Outlook
Daily Pivots: (S1) 1.3894; (P) 1.3931; (R1) 1.3954; More… USD/CAD’s break of 1.3898 support suggests that rebound from 1.3749 has completed as a correction at 1.4014. Intraday bias is back on the downside for retesting 1.3749. Firm break there will resume whole fall from 1.4791. For now, risk will remain on the downside as long…
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Dollar Selloff Accelerates on Fiscal, Trade, and FX Policy Risks
Dollar came under broad selling pressure in Asian session, with fresh technical signals suggesting that the near-term recovery has already run its course. Also, the selloff appears to be gathering pace on a range of fundamental concerns. One focus is on Capitol Hill, where the House of Representatives is expected to vote on a multitrillion-dollar…
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Silver Wave Analysis
Silver: ⬆️ Buy Silver reversed from support level 31.70 Likely to rise to resistance level 33.50 Silver recently reversed from the pivotal support level 31.70 (which stopped the previous minor wave a at the end of April, as can be seen from the daily Silver chart below). The support level 31.70 was further strengthened by…
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EURUSD Wave Analysis
EURUSD: ⬆️ Buy EURUSD broke daily down channel Likely to rise to resistance level 1.1370 EURUSD currency pair continues to rise inside the minor impulse wave (3), which started earlier from the strong support level 1.1130 intersecting with the support trendline of the daily down channel from April. The support level 1.1130 was strengthened by…
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Platinum Wave Analysis
Platinum: ⬆️ Buy Platinum broke the resistance level 1005.00 Likely to rise to resistance level 1080.00 Platinum recently broke the resistance level 1005.00, former monthly high from February and March, as can be seen from the daily Platinum chart below. The breakout of the resistance level 1005.00 increased the bullish pressure on Platinum. Having just…
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Silver Price Forecast: XAG/USD Jumps on Renewed Safe-Haven Demand
Currently trading at around ~33.0865 per troy ounce, silver trades higher in today’s session on a weaker dollar and renewed safe-haven demand. XAG/USD: Key Takeaways With the dollar continuing to weaken, XAG/USD trades ~2.25% higher today, trading above $33 for the first time since May 6th. The recent downgrade of the United States’ credit rating…
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S&P 500 Technical Analysis: Six-Day Winning Streak Ends, Bullish Momentum Remains Intact
S&P 500 saw its six-day winning streak end amidst rising US yields and concerns over Trump’s tax cut proposals and US debt. The “Magnificent 7” stocks are currently underperforming but could potentially drive a larger S&P 500 recovery in the second half of 2025. Technical analysis indicates bullish momentum for the S&P 500, although a…
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Gold Eyes New Upside — Fresh Increase on the Horizon?
Key Highlights Gold found support near $3,120 and started a fresh increase. It cleared a key bearish trend line with resistance at $3,220 on the 4-hour chart. EUR/USD is moving higher above the 1.1250 resistance zone. WTI Crude Oil prices recovered and climbed above the $63.00 level. Gold Price Technical Analysis Gold prices remained supported…