Author: Omada Admin
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EUR/AUD Daily Outlook
Daily Pivots: (S1) 1.7146; (P) 1.7189; (R1) 1.7273; More… Intraday bias in EUR/AUD Remains neutral for the moment. On the upside, above 1.7270 resistance will argue that the correction has completed at 1.7047, and bring retest of 1.7417. Firm break there will resume larger rise from 1.6335. In case of another fall, downside is still…
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EUR/GBP Daily Outlook
Daily Pivots: (S1) 0.8333; (P) 0.8351; (R1) 0.8387; More… Intraday bias in EUR/GBP remains neutral for the moment. On the downside, below 08314 will bring deeper fall back to 0.8239 support. However, firm break of 0.8373 minor resistance will argue that fall from 0.8448 is merely a correction and has completed. Retest of 0.8448 should…
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EUR/JPY Daily Outlook
Daily Pivots: (S1) 161.85; (P) 162.52; (R1) 162.96; More… Intraday bias in EUR/JPY remains neutral for the moment. Further rise is in favor as long as 160.73 support holds. Above 164.16 will resume the rally from 154.77 to 164.89 resistance, and then 166.67. However, break of 160.73 will turn bias back to the downside for…
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GBP/JPY Daily Outlook
Daily Pivots: (S1) 193.17; (P) 194.47; (R1) 195.20; More… Intraday bias in GBP/JPY remains neutral at this point. On the upside, break of 195.95 will extend the rally from 187.04 once again, to 198.94 resistance. However, firm break of 192.00 support will turn bias back to the downside for deeper fall. Overall, corrective pattern from…
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A Week in the Name of Tariffs
In focus today In the euro area, focus turns to the German inflation data for March that we receive ahead of the euro area data tomorrow. Last week, inflation in France and Spain came in lower than expected, in a positive sign for the ECB, and it will be interesting if Germany shows the same…
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Risk Selloff Continues, Gold Renews Record
The tariff talk remains on the headlines as the Liberation Day approaches. Risk appetite is nowhere to be found, the US dollar is weak, gold continues to extend gains into uncharted territories and oil bulls remain unreactive to the news that Trump is pissed off with Putin for unveiling plans for the next Ukrainian leadership.…
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USD/CHF Daily Outlook
Daily Pivots: (S1) 0.8794; (P) 0.8814; (R1) 0.8829; More… USD/CHF is still bounded in range trading above 0.8757 and intraday bias remains neutral. In case of stronger recovery, upside should be limited by 0.8911 support turned resistance. On the downside, break of 0.8757 will resume the fall from 0.9200 to 61.8% retracement of 0.8374 to…
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GBP/USD Daily Outlook
Daily Pivots: (S1) 1.2922; (P) 1.2945; (R1) 1.2968; More… Intraday bias in GBP/USD remains neutral for the moment, as consolidations continue below 1.3013. On the downside, below 1.2869 will bring deeper correction. But downside should be contained above 38.2% retracement of 1.2248 to 1.3013 at 1.2721. On the upside, break of 1.3013 will resume the…
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EUR/USD Daily Outlook
Daily Pivots: (S1) 1.0782; (P) 1.0813; (R1) 1.0862; More… Intraday bias in EUR/USD stays neutral for the moment. On the upside, break of 1.0857 resistance will indicate that correction from 1.0963 has completed already. Retest of 1.0953 should be seen first. Firm break there will resume the rally from 1.0176 towards 1.1274 key resistance. In…
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AUD/USD Daily Report
Daily Pivots: (S1) 0.6275; (P) 0.6293; (R1) 0.6306; More… Intraday bias in AUD/USD remains neutral as sideway trading continues. On the downside, below 0.6257 will target 0.6186 support first. Firm break there will indicate that corrective pattern from 0.6087 has completed and larger fall from 0.6941 is ready to resume. For now, outlook will stay…