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May 26 05:24 GMT

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Daily Report: Dollar Firm after Holiday Trading
May 26 04:12 GMT, by ActionForex.com
Dollar is back from holiday trading broadly firmer. The dollar index is trading above 96.60 at the time of writing and the technical development affirmed that recent pull back is finished. Further rise would likely be seen in the index back to 100.39 high. That would correspond to EUR/USD's testing of 1.0461 low. Nonetheless, the greenback will fa...

Technical Outlook

USD/CAD Daily Outlook
Intraday bias in USD/CAD remains on the upside for the moment. Current development suggests that corrective fall from 1... - May 26 04:36 GMT
AUD/USD Daily Outlook
Intraday bias in AUD/USD remains neutral with focus on 0.7784 support. Rebound 0.7532 is viewed as a correction. Break ... - May 26 04:33 GMT
EUR/USD Daily Outlook
EUR/USD's fall from 1.1466 continues today and reaches 1.0930 so far. Intraday bias remains on the downside for the mom... - May 26 04:30 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. In case of deeper pull back, we'd expect strong support from 1... - May 26 04:26 GMT

Special Reports

Fed Unveiled Rate Hike In June Unlikely
May 21 03:42 GMT
The FOMC minutes for the April meeting contained little news. Yet, the indicati...
BOE Minutes Warned Of Upside Risks In Housing Market
May 20 11:12 GMT
Delivering little surprise, the BOE minutes for the May showed that policymaker...
RBA Stays Open For Further Easing
May 19 06:37 GMT
RBA minutes for the May meeting unveiled that policymakers had consider reducin...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9370
As the greenback has remained firm after Friday's rally to 0.9457, retaining our bullish view that erratic rise from 0.9072 is st... - May 25 15:55 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5550
As cable has remained under pressure after Friday's selloff on dollar's broad-based rebound, adding credence to our view that ear... - May 25 15:50 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.1085
The single currency has continued to trade defensively after Friday's selloff from 1.1208, adding credence to our bearish view th... - May 25 15:43 GMT
Trade Idea Wrap-up: USD/JPY - Sell at 121.95
Although the greenback has retreated after rising to 121.78 earlier today and minor consolidation is in store, reckon the Ichimok... - May 25 15:39 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
The single currency only recovered to 1.1424 (we recommended in our previo... - May 25 09:43 GMT
USD/JPY Candlesticks and Ichimoku Analysis
The greenback finally broke recent range but on the upside as the pair ros... - May 25 09:14 GMT
EUR/JPY - Candlesticks and Ichimoku Analysis
Euro's retreat after rising to 136.96 earlier this week suggests consolida... - May 22 09:13 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7195
As the single currency has fallen again after meeting renewed selling interest at 0.7163 on Friday, retaining our view that corre... - May 25 14:30 GMT
Trade Idea: USD/CAD - Buy at 1.2180
As the greenback has maintained a firm undertone after Friday's rally above previous resistance at 1.2306, adding credence to our... - May 25 14:25 GMT
Trade Idea: EUR/JPY - Stand aside
As the single currency has dropped again after faltering below resistance at 135.35, dampening our bullishness and downside risk ... - May 25 10:29 GMT
Trade Idea: AUD/USD - Sell at 0.7930
Aussie has fallen again after meeting renewed selling interest at 0.7932 on Friday, adding credence to our bearishness for the de... - May 25 10:18 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
Dollar jumped last week and broke above resistance at 120.85, adding ... - May 25 11:05 GMT
EUR/USD Elliott Wave Analysis
The single currency faltered below this month's high of 1.1467 and re... - May 25 10:50 GMT
EUR/JPY Elliott Wave Analysis
Although the single currency retreated after rising to 136.96 earlier... - May 22 10:45 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: May 26 05:15 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD↓ DN↓ DN↓ DN- NE
USDJPY↑ UP↑ UP↑ UP- NE
GBPUSD- NE↓ DN- NE- NE
USDCHF↑ UP↑ UP↑ UP- NE
USDCAD- NE↑ UP↑ UP- NE
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Fundamental Analysis Reports

GBP/USD: Pound Trading Lower In The Asian Session
May 26 05:19 GMT, by GCI Financial
The pair is expected to find support at 1.5418, and a fall through could take it to the next support level of 1.5385. The pair is expected to find its first resistance at 1.5497, and a rise through c...
USD/CHF: Swiss Franc Trading Lower Ahead Of Switzerland's Q1 Employment Level
May 26 05:17 GMT, by GCI Financial
The pair is expected to find support at 0.9419, and a fall through could take it to the next support level of 0.9376. The pair is expected to find its first resistance at 0.9491, and a rise through c...
USD/CAD: Loonie Trading A Tad Lower In The Asian Session
May 26 05:16 GMT, by GCI Financial
The pair is expected to find support at 1.2283, and a fall through could take it to the next support level of 1.2250. The pair is expected to find its first resistance at 1.2338, and a rise through c...
USD/JPY: Japanese Yen Trading On A Weaker Footing In The Asian Session
May 26 05:15 GMT, by GCI Financial
The pair is expected to find support at 121.53, and a fall through could take it to the next support level of 121.3. The pair is expected to find its first resistance at 121.9, and a rise through cou...
NZDJPY: Will Resistance Around 89.00 Break?
May 26 04:19 GMT, by Forex.com
The Asia session has begun with a push towards the US dollar as the market struggles with a lack of fresh guidance. The movements in Asia have been centred on USDJPY and the pair is now testing an im...
China's Premier Li: I See Growth Of 7% In 2015
May 26 03:16 GMT, by MarketPulse
China's economy is expected to grow at 7.0 percent this year, Chinese Premier Li Keqiang said on Monday. Speaking at the headquarters of the United Nations' Latin American arm ECLAC in Chilean capita...
All Daily Fundamental Reports >>

Technical Analysis Reports

Foreign Exchange Market Commentary
May 26 04:08 GMT, by HY Markets
THE EURO closed lower on Monday. The midrange close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI are oversold but remain neutral...
Market Morning Briefing
May 26 03:51 GMT, by Kshitij Consultancy Services
The Euro (1.0950) has a crucial but possibly weak Support at 1.0920 today on the 55-day MA. Can see further loss towards 1.0860 if it is broken. The Pound (1.5453) trades below the 21-day MA support ...
Daily Technical Analysis
May 26 02:40 GMT, by FX Instructor
The EURUSD didn't make significant movement yesterday but overall still able to maintain its bearish bias and hit 1.0929 earlier today. The bias remains bearish in nearest term testing 1.0900 – 1.085...
AUD/USD – Consolidates Below Key 0.7850 Level
May 26 01:05 GMT, by MarketPulse
To start this new week the Australian dollar has been consolidating just below the key 0.7850 level where it is likely to now meet some resistance. Throughout last week the Australian dollar fell sha...
Australia 200 – Looking Upwards Back At 5800
May 26 01:05 GMT, by MarketPulse
In the last couple of weeks the ASX200 index has moved back and forth around the key 5650 level, but in doing so has temporarily halted the medium term down trend it was in from 6000. During this tim...
GBPUSD - Susceptible, Retains Bearish Bias
May 25 10:43 GMT, by FXTechstrategy
GBPUSD - GBP declined sharply below its key support at the 1.5551 level the past week leaving the risk of a move further lower in the new week. On the downside, support lies at the 1.5400 level where...
All Daily Technical Reports >>

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Long Term Forecasts

Euro Area Outlook for 2015: Impact of Broad-Based QE
Jan 17 03:46 GMT, by Danske Bank
The expected ECB QE programme will support economic activity through a number of channels and hence...
When Will the Bank of England Hike Rates?
Aug 16 08:33 GMT, by Wells Fargo Securities
In the first report of a two-part series on the outlook for Bank of England (BoE) monetary policy, ...
Growth in China Appears to Be Stabilizing
Jul 19 08:05 GMT, by Wells Fargo Securities
The year-over-year rate of real GDP growth in China edged up to 7.5 percent in Q2 from 7.4 percent ...
FX Forecast Update: Negative Rates and Liquidity Tools to Weaken the Euro
Jun 14 03:24 GMT, by Danske Bank
The ECB delivered more easing than expected at its rate meeting in June by cutting both the refi an...
AUD/USD - 2013 In Review
Jan 02 02:25 GMT, by MarketPulse
The Australian dollar is known for its strong volatility, and taking traders on roller coaster ride...
All Long Term Forecasts >>
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