Author: Omada Admin
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EUR/CHF Daily Outlook
Daily Pivots: (S1) 0.9322; (P) 0.9343; (R1) 0.9372; More…. EUR/CHF is still bounded in sideway trading and intraday bias remains neutral. Price actions from 0.9218 are seen as either a corrective move or the third leg of the pattern from 0.9204. On the upside, break of 0.9419 will resume the rise from 0.9218 through 0.9445…
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EUR/AUD Daily Outlook
Daily Pivots: (S1) 1.7547; (P) 1.7586; (R1) 1.7639; More… Intraday bias in EUR/AUD remains neutral for the moment. On the upside, firm break of 1.7628 resistance will suggest that fall from 1.8554 as completed as a correction, and retain larger bullishness. Intraday bias will be back on the upside for stronger rebound. However, below 1.7245…
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EUR/GBP Daily Outlook
Daily Pivots: (S1) 0.8425; (P) 0.8442; (R1) 0.8462; More… Intraday bias in EUR/GBP remains neutral and more consolidations could be seen above 0.8392 temporary low. Further decline remains in favor as long as 0.8539 resistance holds. Below 0.8392 will resume the fall from 0.8737 to 0.8221/8239 support zone. In the bigger picture, current development suggests…
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EUR/JPY Daily Outlook
Daily Pivots: (S1) 162.50; (P) 162.90; (R1) 163.19; More… Intraday bias in EUR/JPY remains neutral for the moment, and more consolidations could be seen. Further rally is in favor as long as 161.57 support holds. Break of 165.19 will resume the rise from 154.77 to 166.67 resistance. However, firm break of 161.57 will indicate near…
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GBP/JPY Daily Outlook
Daily Pivots: (S1) 192.34; (P) 193.03; (R1) 193.49; More… Intraday bias in GBP/JPY stays neutral. While deeper pullback might be seen, further rally is expected as long as 190.22 structural support holds. On the upside, above 194.18 minor resistance will turn bias back to the upside for 196.38 resistance. However, sustained break of 190.22 will…
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EUR/USD Daily Outlook
Daily Pivots: (S1) 1.1286; (P) 1.1324; (R1) 1.1369; More… EUR/USD’s rally from 1.1064 is in progress and intraday bias stays on the upside. Correction from 1.1572 could have completed at 1.1064 already. Further rise should be seen to retest 1.1572 high first. Firm break there will resume larger up trend. Next near term target will…
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US Deficit Jitters Roil Markets as Yields Surge, Dollar Sinks, Bitcoin Hits Record
The dominant driver in global markets at the moment is rising concern over the US fiscal deficit. 30-year yield surged toward 5.1% overnight, its highest level since October 2023. 10-year yield also breached the 4.6% mark for the first time in months. Equity markets responded accordingly, with major US indexes closing sharply lower. Gold has…
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Brent Crude Oil Wave Analysis
Brent crude oil: ⬇️ Sell Brent crude oil reversed from key resistance level 66.00 Likely to fall to support level 62.00 Brent crude oil recently reversed down from the key resistance level 66.00, which has been reversing the price from the start of April, as can be seen from the daily Brent crude oil chart…
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Nikkei 225 Wave Analysis
Nikkei 225: ⬇️ Sell Nikkei 225 reversed from the resistance level 38280.00 Likely to fall to support level 36000.00 Nikkei 225 index recently reversed down from the pivotal resistance level 38280.00 (former top of wave 4 from the start of this year). The downward reversal from the resistance level 66.00 created the daily Japanese candlesticks…
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AUDJPY Wave Analysis
AUDJPY: ⬇️ Sell AUDJPY reversed from key resistance level 95.30 Likely to fall to support level 92.00 AUDJPY currency pair recently reversed down from the key resistance level 95.30 (which has been reversing the price from the middle of March). The downward reversal from the resistance level 95.30 started the active intermediate correction (B). Given…