Author: Omada Admin

GBP/JPY has been trending upward since February 7, fueled by Yen weakness and GBP strength. A symmetrical triangle pattern on the daily chart suggests a potential breakout and bullish rally, possibly to 222.00. Key support levels are 194.00, 193.50, 192.00, while resistance levels are 197.50, 198.96, 200.00. The GBP/JPY is one of the more volatile…

Silver: ⬆️ Buy Silver broke resistance area Likely to rise to resistance level 34.80 Silver recently broke the resistance area between the key resistance level 34.20 (top of the previous impulse wave i) and the resistance trendline of the daily up channel from January. The breakout of this resistance area accelerated the active impulse wave…

EURGBP: ⬇️ Sell EURGBP broke support area Likely to fall to support level 0.8300 EURGBP currency pair recently broke the support area between the key support level 0.8350 (which has been reversing the price from the start of March) and the 38.2% Fibonacci correction of the upward wave 2 from the end of February. The…

Hello traders. Welcome to another ‘blue box’ post where we discuss the recent trade setup that Elliottwave-forecast members traded. In this post, the spotlight will be on the GBPCAD currency pair. In the long term, GBPCAD is developing as a bearish market within a proposed diagonal structure. The Supercycle degree wave (I) was completed in…

Key Highlights USD/JPY started a fresh increase above the 149.20 resistance. A key bullish trend line is forming with support at 150.00 on the 4-hour chart. EUR/USD tested the 1.0740 level and started a consolidation phase. GBP/USD could make another attempt to clear 1.3000. USD/JPY Technical Analysis The US Dollar started a fresh increase above…

Markets This week’s volatile and often erratic trading pattern continued today. European markets obviously started in a bad mood as US President Trump pushed through (the partly anticipated) 25% tariffs on the car sector after European close. Key European indices started with losses of around 1.5%, but avoided a steeper drop with the unknown known…

USDJPY is establishing above 150 support as fresh gains extend into second consecutive day and fully reverse Tuesday’s 0.7% drop. Bulls cracked 151.00 level on Thursday and pressure pivotal barriers at 151.25/30 (Fibo 38.2% of 150.87/146.53/March high). Headwinds could be expected at this zone, which would pause recovery from 146.53 (March 11 low), although dips…

Gold returned to growth this week, re-entering the territory of historical highs after a brief correction at the end of last week. The reason for the new growth momentum is new bouts of tariff wars, which intensifies the pull to safe havens on the part of Central Banks. They continue to buy gold instead of…

We take a look at tariffs enacted so far, what is expected to come into effect on April 2nd and what could be on the menu next. We provide an overview of the expected direct impact on US GDP without retaliation or sentiment effects. While tariffs on individual countries or product groups have usually only limited…

The British pound is higher on Thursday. In the European session, GBP/USD is trading at 1.2924, up 0.50% on the day. UK retail sales expected lower for February The UK releases the February retail sales report on Friday, with the markets bracing for a decline of 0.3% m/m. Retail sales soared 1.7% in January, crushing…