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US Session: Orders and Options Watch
May 22 14:38 GMT, by ActionForex.com
EUR: The single currency tumbled below this week's low of 1.1072 in NY morning after the release of US data, bids at 1.1100, 1.1070-80 and 1.1050 were filled but buy orders are still noted at 1.1000, 1.0985 and 1.0965, mixture of bids and stops is expected at 1.0950. On the upside, offers are lowered to 1.1050-60, 1.1080 and 1.1100, more sell orde...

Technical Outlook

USD/JPY Mid-Day Outlook
USD/JPY's rise resumes after brief retreat and intraday bias is back on the upside. Sideway pattern from 122.01 is poss... - May 22 13:26 GMT
USD/CHF Mid-Day Outlook
The break of 0.9412 resistance suggests that fall from 1.0127 could have completed at 0.9072 already. Intraday bias is ... - May 22 13:20 GMT
GBP/USD Mid-Day Outlook
GBP/USD is staying in range below 1.5814 and intraday bias remains neutral. More consolidations could still be seen. In... - May 22 13:19 GMT
EUR/USD Mid-Day Outlook
EUR/USD's fall from 1.1466 resumed after brief consolidations and intraday bias is back on the downside. We're holding ... - May 22 13:16 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

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9380
As the greenback has risen again after finding renewed buying interest at 0.9287, adding credence to our view that erratic rise f... - May 22 16:03 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5590
Cable's intra-day selloff on dollar's broad-based rebound and current break of indicated support at 1.5493 add credence to our vi... - May 22 15:59 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.1115
The single currency ran into renewed selling interest at 1.1208 and tumbled in NY morning on release of higher-than-expected US i... - May 22 15:54 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 121.10
As the greenback has rallied after intra-day initial fall to 120.64 on dollar's broad-based rise, suggesting recent upmove is sti... - May 22 15:48 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY - Candlesticks and Ichimoku Analysis
Euro's retreat after rising to 136.96 earlier this week suggests consolida... - May 22 09:13 GMT
USD/CAD - Candlesticks and Ichimoku Analysis
Although the greenback staged a strong rebound since early this week and n... - May 22 08:59 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
Current break of previouos support at 0.7117 adds credence to our view tha... - May 21 09:15 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7230
As the single currency has remained under pressure after breaking indicated support at 0.7117-23, retaining our view that correct... - May 22 14:42 GMT
Trade Idea: USD/CAD - Buy at 1.2180
As the greenback has risen again after holding above support at 1.2169, suggesting the rise from 1.1920 low is still in progress ... - May 22 14:37 GMT
Trade Idea: EUR/JPY - Hold long entered at 134.50
As the single currency has rebounded after finding renewed buying interest at 134.43, retaining our view that low has possibly be... - May 22 10:16 GMT
Trade Idea: AUD/USD - Sell at 0.7985
Aussie's sharp retreat from 0.8163 (last week's high) adds credence to our view that top has possibly been formed there and conso... - May 22 10:05 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Although the single currency retreated after rising to 136.96 earlier... - May 22 10:45 GMT
USD/CHF Elliott Wave Analysis
Although the greenback edged higher to 0.9406 earlier this week, as t... - May 22 10:34 GMT
EUR/GBP Elliott Wave Analysis
The single currency finally broke below previous support at 0.7117, a... - May 21 10:45 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: May 22 20:55 GMT

Action Bias

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

Fundamental Analysis Reports

Weekly Economic and Financial Commentary
May 23 03:48 GMT, by Wells Fargo Securities
After an exceptionally weak first quarter, the U.S. economy is struggling to bounce back like it did last year. As a result, we expect only a 1.7 percent annualized gain in real GDP in Q2. Although t...
The Weekly Bottom Line
May 23 03:36 GMT, by TD Bank Financial Group
Investors had plenty to consider this week with a slew of international and domestic reports on economic activity in April and some preliminary May readings. Economic indicators were relatively upbea...
Can EURUSD Hold its Ground above 1.10?
May 23 03:26 GMT, by Forex.com
We're almost halfway into 2015 and EURUSD is nowhere near parity, despite the introduction of QE in Europe, the threat of a Grexit and the prospect of tighter interest rates in the US. The fact is th...
Week Ahead in FX: Fed's Silver Tongues, Sunny Stephen, American GDP
May 23 03:21 GMT, by MarketPulse
There is no such thing as a quiet week in the forex market, but with few central banks making public statements, and with Monday being a holiday stateside and the only U.S.-based economic data due be...
US and Canadian GDP to Close out Week in FX
May 23 03:18 GMT, by MarketPulse
The downside of the data-dependent strategy by the U.S. Federal Reserve is that economic data tends to be hard to predict which creates volatility without the guiding hand of a central bank. The F...
US April CPI Rose 0.1% in the Month with Core Prices up a Greater 0.3%
May 22 14:33 GMT, by RBC Financial Group
April consumer prices rose an expected 0.1%, down slightly from a 0.2% gain in March. Earlier monthly declines are keeping the year-over-year rate in negative territory, dropping 0.2% in April follow...
All Daily Fundamental Reports >>

Technical Analysis Reports

USDJPY: 7.5-Year High at 122.00 in Sight after 2-Year High in Core CPI
May 22 13:01 GMT, by Forex.com
Traders throughout the US and Europe are anxiously looking ahead to kicking off the summer season with a long holiday weekend, but today's economic data may keep most traders pinned to their desks to...
Crude Oil Eases Back ahead of Long Weekend
May 22 11:31 GMT, by Forex.com
Crude oil prices are retreating today, seemingly on profit-taking ahead of the long weekend. This follows sharp gains on Thursday and a smaller rally the day before which was inspired by news of a th...
Forex Technical Analysis
May 22 09:34 GMT, by DeltaStock Inc.
EUR/USD The intraday outlook is bullish again, for a break through yesterday's high at 1.1180, en route to 1.1290 major resistance. Initial minor support lies at 1.1100.
Brent Sits At A Technical Juncture
May 22 08:40 GMT, by ThinkForex
The break above $65 saw continued gains to the upper bearish channel. This boundary is another clear line in the sand for bulls and bears. Yesterday's close produced a Morning Star reversal pattern a...
AUDUSD Could Make Corrective Pause Before Continues Much Lower
May 22 08:16 GMT, by Elliott Wave Financial Service
AUDUSD reached new highs last week at 0.8160 where could be the end of a corrective rally from March lows if we consider recent turn down through the lower side of a trading channel, deeply back into...
EUR/USD Fails To Return Back Above 100-Day SMA
May 22 08:06 GMT, by Dukascopy Swiss FX Group
Despite EUR/USD's attempts to return back above the 100-day SMA at 1.1147, the key attention remains on the downside and the closest support level at 1.1013 (weekly S2). This demand is accompanied by...
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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