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Apr 01 05:47 GMT

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Daily Report: Nikkei Tumbles, Yen Recovers after Soft Tankan
Apr 01 03:47 GMT, by ActionForex.com
The Japanese Nikkei tumbles for another day while yen recovers against dollar after a relatively soft Tankan report. Nikkei breached 19000 handle today to as low as 18928 so far and is down nearly -0.9% at the time of writing. That compares to 19746 high made just last week. The tankan large manufacturing index was unchanged at 12 in Q1 versus exp...

Technical Outlook

AUD/USD Daily Outlook
Intraday bias in AUD/USD remains neutral for the moment as consolidation from 0.7559 might extend. With 0.7912 resistan... - Apr 01 04:05 GMT
USD/CAD Daily Outlook
Intraday bias in USD/CAD remains neutral for the moment. More sideway trading could be seen in range of 1.2406/2834. , ... - Apr 01 04:00 GMT
EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral for the moment. Consolidation from 1.0461 might extend but in case of another ... - Apr 01 03:56 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral at this point. More consolidation could be seen above 1.4634 with risk of anot... - Apr 01 03:54 GMT

Special Reports

Bearish Zhou Stimulated Easing Speculations
Mar 31 05:15 GMT
Following last week's disappointing data release, PBOC Governor Zhou Xiaochuan ...
Aussie Remains Bearish amidst Soft Macroeconomic Outlook
Mar 26 12:33 GMT
Similar to other higher-yield currencies, Australian dollar rebounded against t...
Record Low UK Inflation Fueled Deflationary Risk
Mar 25 03:35 GMT
Headline CPI in the UK fell to 0% y/y in February, down from +0.3% in January t...
All Special Reports >>

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9635
As the greenback has eased after intra-day rise to 0.9756, suggesting minor consolidation would be seen and pullback to 0.9655-65... - Mar 31 15:50 GMT
Trade Idea Wrap-up: GBP/USD - Exit short entered at 1.4840
As the British pound has rebounded after holding above yesterday's low at 1.4753 in part due to cross-buying in sterling, suggest... - Mar 31 15:45 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.0840
As the single currency has recovered after intra-day selloff to 1.0713, suggesting minor consolidation would be seen and although... - Mar 31 15:40 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
As the greenback has retreated after rising to 120.36 (exactly 1.236 times projection of 118.33-119.49 measuring from 118.93), su... - Mar 31 15:37 GMT
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Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
The British pound met renewed selling interest at 1.4994 last week and has... - Mar 31 07:35 GMT
USD/CHF Candlesticks and Ichimoku Analysis
Despite falling to 0.9491 late last week, the greenback found good support... - Mar 31 07:33 GMT
EUR/USD Candlesticks and Ichimoku Analysis
Despite last week's marginal rise to 1.1052, the subsequent retreat to 1.0... - Mar 30 09:55 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7300
As the single currency has slipped again after faltering below resistance at 0.7342, retaining our view that further consolidatio... - Mar 31 14:33 GMT
Trade Idea: USD/CAD - Buy at 1.2600
Although the greenback has retreat from 1.2784, the intra-day breach of resistance at 1.2758 signals the a-b-c correction from 1.... - Mar 31 14:29 GMT
Trade Idea: EUR/JPY - Stand aside
As the single currency has dropped again after faltering below resistance at 130.42, suggesting near term downside risk remains f... - Mar 31 09:25 GMT
Trade Idea: AUD/USD - Sell at 0.7665
As aussie has remained under pressure and indicated support at 0.7612 was penetrated, adding credence to the view that the reboun... - Mar 31 09:19 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
The British pound has retreated after meeting resistance at 1.4994 la... - Mar 31 10:03 GMT
GBP/JPY Elliott Wave Analysis
Sterling only recovered to 181.05 before meeting renewed selling inte... - Mar 31 09:58 GMT
USD/JPY Elliott Wave Analysis
The greenback slipped after meeting renewed selling interest at 121.2... - Mar 30 10:39 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Apr 01 06:40 GMT

Action Bias

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

AUD/USD: Aussie Trading On A Stronger Footing This Morning
Apr 01 05:41 GMT, by GCI Financial
The pair is expected to find support at 0.7593, and a fall through could take it to the next support level of 0.7554. The pair is expected to find its first resistance at 0.7669, and a rise through c...
EUR/USD: Euro Trading Higher Ahead Of The Euro-Zone's Manufacturing PMI Data
Apr 01 05:39 GMT, by GCI Financial
The pair is expected to find support at 1.0716, and a fall through could take it to the next support level of 1.0653. The pair is expected to find its first resistance at 1.0838, and a rise through c...
GBP/USD: Britain's 4Q GDP Revised Up
Apr 01 05:31 GMT, by GCI Financial
The pair is expected to find support at 1.4789, and a fall through could take it to the next support level of 1.4713. The pair is expected to find its first resistance at 1.4907, and a rise through c...
USD/JPY: Japanese Yen Extends Its Previous Session Gains In The Asian Session
Apr 01 05:27 GMT, by GCI Financial
The pair is expected to find support at 119.21, and a fall through could take it to the next support level of 118.87. The pair is expected to find its first resistance at 120.11, and a rise through c...
USD/CHF: Swiss Franc Trading On A Stronger Footing Ahead Of Switzerland's SVME PMI Data
Apr 01 05:26 GMT, by GCI Financial
The pair is expected to find support at 0.9663, and a fall through could take it to the next support level of 0.9627. The pair is expected to find its first resistance at 0.9746, and a rise through c...
USD/CAD: Canada's Economy Contracted To Start 2015
Apr 01 05:24 GMT, by GCI Financial
The pair is expected to find support at 1.2606, and a fall through could take it to the next support level of 1.2557. The pair is expected to find its first resistance at 1.2745, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Does GBPAUD Have The Legs To Test 2.000 Again?
Apr 01 05:15 GMT, by Forex.com
GBPAUD bounced off the base of its long-term upward channel, supported by strong UK economic data and widespread aussie weakness. This resulted in a strong rally in GBPAUD and the pair is now flirtin...
USDCAD - Sets To Extend Weakness
Apr 01 05:12 GMT, by FXTechstrategy
USDCAD - The pair halted its strength to close slightly higher on Tuesday, leaving risk of a move lower on the cards. On the upside, resistance is seen at the 1.2750 level followed by the 1.2800 leve...
Foreign Exchange Market Commentary
Apr 01 05:07 GMT, by HY Markets
THE EURO closed lower on Tuesday but remains above the 20day moving average crossing. The lowrange close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stoc...
Market Morning Briefing
Apr 01 04:54 GMT, by Kshitij Consultancy Services
Most markets are going to trade thin this week and not much movement is likely until the big data release - NFP, on Friday. Dollar see-sawed yesterday rising initially and dipping later. The supports...
AUDUSD Bounces Higher On Mild China PMI Expansion
Apr 01 02:19 GMT, by ThinkForex
The Aussie has depreciated over 4% since 24th March and looks set to challenge the 0.756 lows over the coming sessions. Today's data saw bulish traders buck the trend to drive the Aussie up to 0.7665...
AUD/USD – Hoping For Support At 0.7550
Apr 01 02:14 GMT, by MarketPulse
For the last week or so now the Australian dollar has fallen away sharply to down below the key 0.77 level and further to some short term support around 0.76. Its next obvious support level is down a...
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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...
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