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US Session: Orders and Options Watch
Aug 27 14:49 GMT, by ActionForex.com
EUR: The single currency recovered after holding above indicated barrier at 1.3150, bids are still noted above this level with stops building up below there, more buying interest is located at 1.3135, 1.3120 and 1.3100-05 (stops below), fresh demand should emerge around 1.3085, 1.3065 and 1.3050. On the upside, offers are seen at 1.3200 and from 1...

Technical Outlook

EUR/USD Mid-Day Outlook
EUR/USD lost some downside momentum. But current fall from 1.3993 is still expected to extend to 161.8% projection of 1... - Aug 27 13:03 GMT
USD/CHF Mid-Day Outlook
USD/CHF lost momentum again ahead of 100% projection of 0.8702 to 0.9036 and 0.8855 at 0.9189. But further rise is stil... - Aug 27 13:01 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains neutral for the moment. Note that 104.12 resistance could be strong enough to trigger ... - Aug 27 12:59 GMT
GBP/USD Mid-Day Outlook
GBP/USD's consolidations from 1.6534 continues today with another recovery. Further rise could be seen. But upside is e... - Aug 27 12:34 GMT

Special Reports

Dovish Draghi Does Not Mean ECB Would Act Further In September
Aug 27 06:31 GMT
Selloff of the euro continues after ECB president Mario Draghi's speech last we...
Yellen's Speech Was Balanced, Yet Dovish
Aug 25 03:11 GMT
Fed Chair Janet Yellen delivered a balanced speech regarding the US labor marke...
FOMC Minutes Appeared Hawkish As Members Discussed Exit Principles In Details
Aug 21 04:58 GMT
The FOMC minutes for the July meeting unveiled that policymakers had detailed d...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9105
As the greenback has retreated after intra-day initial brief rise to 0.9185, retaining our view that consolidation below this lev... - Aug 27 16:03 GMT
Trade Idea Wrap-up: GBP/USD - Buy at 1.6470
Despite intra-day brief bounce to 1.6605, failure to penetrate this indicated resistance has retained our view that further conso... - Aug 27 15:59 GMT
Trade Idea Wrap-up: EUR/USD - Hold long entered at 1.3170
As the single currency has rebounded after intra-day initially fall to 1.3153, retaining our near term bullishness and above the ... - Aug 27 15:49 GMT
Trade Idea Wrap-up: USD/JPY - Sell at 104.60 or buy at 103.20
As the greenback has remained confined within narrow range, justifying our view that further consolidation below this week's high... - Aug 27 15:43 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

AUD/JPY Candlesticks and Ichimoku Analysis
Despite early anticipated fall to 93.95, the subsequent stronger-than-expe... - Aug 27 06:35 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although the Australian dollar slipped again to as low as 0.9239, failure ... - Aug 27 06:32 GMT
GBP/USD Candlesticks and Ichimoku Analysis
The British pound fell again after brief recovery early last week, suggest... - Aug 26 09:54 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7930
Although this week's selloff suggests near term downside risk remains for the fall from 0.8036 to extend marginal weakness, recko... - Aug 27 15:10 GMT
Trade Idea: USD/CAD - Hold long entered at 1.0900
The greenback has retreated after yesterday's brief rise to 1.0998, suggesting caution on our bullishness and support at 1.0860 n... - Aug 27 15:05 GMT
Trade Idea: EUR/JPY - Hold long entered at 137.25
The single currency has slipped again after meeting renewed selling interest at 137.42 yesterday and marginal weakness from here ... - Aug 27 08:56 GMT
Trade Idea: AUD/USD - Stand aside
Although aussie continued to edge higher after finding support at 0.9272 yesterday, break of resistance at 0.9345 is needed to si... - Aug 27 08:50 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
As aussie has rebounded again after finding support at 0.9239 last we... - Aug 27 10:27 GMT
EUR/CHF Elliott Wave Analysis
Although the single currency has remained under pressure  and near te... - Aug 27 10:13 GMT
GBP/USD Elliott Wave Analysis
As the British pound has fallen again after brief recovery, suggestin... - Aug 26 10:42 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Aug 28 02:55 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD↑ UP- NE↓ DN↓ DN
USDJPY↓ DN- NE↑ UP↑ UP
GBPUSD- NE↑ UP↓ DN↓ DN
USDCHF↓ DN- NE↑ UP↑ UP
USDCAD↓ DN↓ DN↓ DN- NE
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Forex Brokers

Fundamental Analysis Reports

China's Industrial Profits Slowed In July
Aug 28 02:22 GMT, by ICN.com
Industrial profits slowed in the world's second largest economy amid the recent hesitated performance in China especially in production, which may boost concerns toward achieving the 7.5% growth targ...
CFD Indices - Asian Stocks Drop As US And Europe Hover Close To Record Highs
Aug 28 01:57 GMT, by MarketPulse
The Nikkei is trading lower today. The retreat from the USD means a stronger JPY is not the best outcome for Japanese companies that are still struggling with the effects of the sales tax hike that w...
Australia's New Home Sales Dropped In July
Aug 28 01:31 GMT, by ICN.com
Australian economy recorded a noticeable slowing in its new home sales during the month of July, adding to sings that more monetary support will be added during the upcoming stage. Moreover, HIA new ...
AUD Levels Ahead Of CAPEX Data
Aug 28 01:30 GMT, by Forex.com
The release of Q2's private capital expenditure figures could prove to be a big deal for the Australian dollar. In that respect, it's very important to look beyond the headline figure (private CAPEX ...
Stocks Go Nowhere But The Euro Lifted Its Head Even As Bonds Rallied
Aug 28 01:22 GMT, by Vantage FX
Last night was a great night to highlight that technicals and fundamentals need to be part of your trading toolkit. After moving above 1.32 the previous night the Euro came under intense pressure in ...
GBP/USD - Pound Remains Below 1.66 in Subdued Trade
Aug 27 16:26 GMT, by MarketPulse
The British pound has edged higher on Wednesday, as GBP/USD trades in the high-1.65 range in the North American session. The pound remains close to 5-month lows against the US dollar. Trading has bee...
All Daily Fundamental Reports >>

Technical Analysis Reports

Australia 200 - Continuing To Consolidate Around 5620
Aug 28 01:49 GMT, by MarketPulse
The Australian 200 Index has finally been able to surge higher to a new six year high around 5650 late last week before easing off to finish out the week. However since that time it has done very lit...
AUD/USD - Showing Some Life Above 0.93
Aug 28 01:46 GMT, by MarketPulse
The Australian dollar has finally shown some signs of life in the last 24 hours attempting to move higher from the 0.93 level pushing up to a three week high at 0.9350. For the best part of the last ...
USDCAD - Weakens, Targets The 1.0850 Level
Aug 28 01:39 GMT, by FXTechstrategy
USDCAD - With USDCAD selling off strongly, further downside is likely in the days ahead. On the downside, support lies at the 1.0850 level followed by the 1.0800 level where a break will aim at the 1...
Daily Forex Update: USD/NOK
Aug 28 01:38 GMT, by Autochartist
USD/NOK continues to rise after the recent breakout of the 4-hour Triangle chart pattern. USD/NOK is expected to rise to the target level 6.1974 in the coming trading sessions. The stop-level for thi...
USDJPY: Data-Packed Last 48 Hours Of The Week To Lead To A Triangle Breakout
Aug 28 01:28 GMT, by Forex.com
After rocketing 175 pips higher last week, USDJPY has been absolutely anemic this week. After gapping higher to trade at a new 7-month high above 104.12, rates dipped down to fill the gap on Monday a...
USDCAD Breaks Below Bullish Trend Line - Now Eyeing August Lows at 1.0860
Aug 27 13:08 GMT, by Forex.com
From a technical perspective, bears clearly have the upper hand. The pair put in a large 4hr Bearish Marubozu Candle* as rates broke below the trend line, indicating strong selling pressure and hinti...
All Daily Technical Reports >>

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Long Term Forecasts

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...
USD/CAD - 2013 In Review
Jan 02 02:23 GMT, by MarketPulse
The Canadian dollar looked sharp as we began 2013, but struggled badly late in the year, as the cur...
All Long Term Forecasts >>
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