Author: Omada Admin
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USD/CAD Daily Outlook
Daily Pivots: (S1) 1.4286; (P) 1.4310; (R1) 1.4342; More… Intraday bias in USD/CAD stays neutral for the moment. Overall, corrective pattern from 1.4791 is still extending. On the upside, break of 1.4400 will argue that it’s still in the second leg, and turn bias to the upside for 1.4541 resistance. On the downside, break of…
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Ethereum Wave Analysis
Ethereum: ⬇️ Sell Ethereum reversed from the resistance level 2120.00 Likely to fall to support level 1800.00 Ethereum cryptocurrency recently reversed down from the resistance level 2120.00 (former multi-month support from August and February) standing near the 38.2% Fibonacci correction of the downward impulse from February. The downward reversal from the resistance level 2120.00 stopped…
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USD/JPY Daily Outlook
Daily Pivots: (S1) 149.26; (P) 150.23; (R1) 150.79; More… USD/JPY’s break of 149.53 support suggests that corrective recovery has already completed at 151.20. That came just ahead of 151.29 cluster resistance (38.2% retracement of 158.86 to 146.52 at 151.23). Intraday bias is back on the downside for retesting 146.52 low first. Firm break there will…
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Nikkei Crashes as Auto Tariff Reality Hits, Yen and Gold Soar as “Liberation Day” Looms
Risk aversion erupted across Asian markets today, with Japan bearing the brunt of the selloff. Nikkei plummeted by nearly than -4%, marking its worst day in months and sending the index to its lowest level since September last year. The sharp move comes as traders scramble to reassess the impact of US President Donald Trump’s…
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Gold Wave Analysis
Gold: ⬆️ Buy Gold broke resistance level 3050.00 Likely to rise to resistance level 3100.00 Gold rising steadily after breaking above the key resistance level 3050.00 (which reversed the price earlier this month). The breakout of the resistance level 3050.00 accelerated the active impulse wave 5 of the higher impulse wave (3) from November. Given…
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Markets Weekly Outlook – ‘Liberation Day’ Tariffs and Potential Impact
Trump’s “Liberation Day” tariffs are causing market uncertainty and stagflation fears. Gold prices rise to fresh all time highs, more to come? The US Dollar’s performance hinges on the severity of upcoming tariff announcements. Next week’s focus: US tariffs, jobs data, and global central bank decisions. Week in review: Stagflation fears rise as markets await…
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First Impressions: NZ Business Confidence
Business confidence remains high, but cost pressures are becoming more of a feature. Key results, March 2025 Business confidence: 57.5 (Prev: 58.4) Expectations for own trading activity: 48.6 (Prev: 45.1) Activity vs same month one year ago: 0.8 (Prev: -2.9) Inflation expectations: 2.63% (Prev: 2.53%) Pricing intentions: 51.3 (Prev: 46.2) Business sentiment has remained upbeat…
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EUR/USD Regains Momentum—Will Buyers Push It Higher?
Key Highlights EUR/USD corrected gains and tested the 1.0735 support zone. It broke a key bearish trend line with resistance at 1.0805 on the 4-hour chart. GBP/USD started a consolidation phase above the 1.2880 support. Gold prices rallied further above the $3,080 level. EUR/USD Technical Analysis The Euro failed to continue higher above the 1.0950…
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USD/CHF Weekly Outlook
USD/CHF stayed in consolidation above 0.8757 last week and outlook remains unchanged. Initial bias stays neutral this week and more consolidations could be seen. 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…
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GBP/USD Weekly Outlook
GBP/USD stayed in consolidation below 1.3013 last week. Initial bias stays neutral this week first. 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 rally from 1.2099 towards 1.3433 high. In the…