Author: Omada Admin
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US Debt Worries Eclipse All Else
It’s Thursday, and so far this week, US debt concerns have overshadowed Middle East optimism, trade tensions, and even a fresh all-time high for Bitcoin. The turning point was last Friday’s credit outlook downgrade by Moody’s, which was quickly followed by a political debate around tax cuts—targeting social spending that supports the poorest, to give…
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GBP/USD Daily Outlook
Daily Pivots: (S1) 1.3371; (P) 1.3420; (R1) 1.3469; More… Intraday bias in GBP/USD remains on the upside at this point. Decisive break of 1.3433/42 key resistance zone will confirm larger up trend resumption. Next near term target will be 61.8% projection of 1.2706 to 1.3442 from 1.3138 at 1.3593, and then 100% projection at 1.1.3874.…
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USD/CHF Daily Outlook
Daily Pivots: (S1) 0.8211; (P) 0.8251; (R1) 0.8251; More…. Intraday bias in USD/CHF remains on the downside at this point. Break of 0.8184 support will solidify the case that correction from 0.8038 has completed at 0.8475. Further break of 0.8038 will resume larger down trend to 61.8% projection of 0.9200 to 0.8038 from 0.8475 at…
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USD/JPY Daily Outlook
Daily Pivots: (S1) 143.09; (P) 143.86; (R1) 144.43; More… Intraday bias in USD/JPY remains on the downside for the moment. Rebound from 139.87 could have completed as a correction to 148.64 already. Deeper fall would be seen back to retest this support. For now, risk will stay on the downside as long as 146.08 minor…
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AUD/USD Daily Report
Daily Pivots: (S1) 0.6409; (P) 0.6439; (R1) 0.6467; More… AUD/USD is staying in sideway trading 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…
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USD/CAD Daily Outlook
Daily Pivots: (S1) 1.3808; (P) 1.3865; (R1) 1.3917; More… Intraday bias in USD/CAD remains on the downside for the moment. Rebound from 1.3749 could have completed as a correction at 1.4014. Deeper fall should be seen for retesting 1.3749. Firm break there will resume whole decline from 1.4791. For now, risk will remain on the…
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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…