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Apr 17 07:03 GMT

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US Session: Orders and Options Watch
Apr 16 14:12 GMT, by ActionForex.com
GBP: The British pound rallied in London, offers at 1.6785-00 area were filled but sell orders in good size are still noted at 1.6820-25 (stops above 1.6830), 1.6840-50 and 1.6875, mixture of offers and stops is tipped at 1.6900. On the downside, bids are raised to 1.6760-70, 1.6715-25 and 1.6700, indicated decent demand remains at 1.6685-90 and 1...

Technical Outlook

EUR/GBP Mid-Day Outlook
The sharp decline today suggests that fall from 0.8399 is possibly resuming. Intraday bias is mildly on the downside fo... - Apr 16 13:14 GMT
EUR/USD Mid-Day Outlook
Intraday bias in EUR?USD stays neutral as the consolidation from 1.3905 temporary top continues. We'd holding on to the... - Apr 16 13:05 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains neutral as consolidation from 0.8742 continues. Upside of the recovery is expected to ... - Apr 16 12:59 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains mildly on the upside as the recovery from 101.32 could extend higher to 55 days EMA (n... - Apr 16 12:56 GMT

Special Reports

BOC Stands On The Sideline, Warned Of Risks Of Low Inflation
Apr 17 05:20 GMT
As widely anticipated, the BOC left the policy rate unchanged at 1%. Policymake...
RBA Minutes Maintains Neutral Policy Stance
Apr 15 05:25 GMT
The RBA minutes for the April meeting echoed the neutral stance of policymakers...
Headline Chinese Trade Data Distorted by Over-Invoicing Last Year
Apr 10 12:17 GMT
Chinese trade data surprised to the downside as exports surprisingly contracted...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Sell at 0.8845
Despite intra-day retreat to 0.8781, as the greenback has rebounded again after finding support just above the lower Kumo, reta... - Apr 16 15:43 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Although the British pound has maintained a firm undertone after intra-day rally and the rise from 1.6660 is likely to bring a ... - Apr 16 15:38 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.3760
Despite intra-day rebound to 1.3851, as the single currency has retreated after meeting resistance around the upper Kumo, retai... - Apr 16 15:23 GMT
Trade Idea Wrap-up: USD/JPY - Hold long entered at 101.65
Dollar's rebound after finding renewed buying interest at 101.50 yesterday has retained our bullishness and upside bias remains... - Apr 16 15:18 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi did find renewed buying interest at 0.8514 earlier this mo... - Apr 16 07:20 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although aussie extended recent upmove to 0.9461 last week, the quick re... - Apr 16 07:17 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound did rally last week in line with our bullish ex... - Apr 15 06:21 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Current break of previous support at 0.8231 dampened our near term bullishness and downside risk remains for the fall from 0.84... - Apr 16 15:04 GMT
Trade Idea: USD/CAD - Hold long entered at 1.0890
As long as indicated support at 1.0942 holds, near term bullishness remains for the rise from 1.0858 low to bring at least a re... - Apr 16 15:00 GMT
Trade Idea: EUR/JPY - Sell at 142.20
Despite yesterday's brief fall to 140.23, as the single currency has rebounded after holding above support at 140.08, retaining... - Apr 16 09:01 GMT
Trade Idea: AUD/USD - Buy at 0.9260
Aussie's retreat from 0.9461 (last week's high) has retained our view that further consolidation below this level would be seen... - Apr 16 08:48 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
Despite last week's rise to 0.9461, as aussie has retreated this we... - Apr 16 09:37 GMT
EUR/CAD Elliott Wave Analysis
As the single currency has rebounded after holding above psychologi... - Apr 16 09:30 GMT
GBP/USD Elliott Wave Analysis
Despite rising to 1.6820 last week, as the British pound has retreate... - Apr 15 08:58 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Apr 17 06:55 GMT

Action Bias

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

Fundamental Analysis Reports

Asian Market Update: High-Profile Weibo IPO Prices At Bottom Of Range, China FDI Slows Further
Apr 17 05:38 GMT, by Trade The News
China FDI slowed to a 3-month low on a YTD basis, reflecting further cooling in the economy. On y/y basis for March, FDI actually fell by 1.5% - its first decline in over a year. Investment from deve...
EUR/USD: Euro-Zone's Annual Consumer Inflation Rate Confirmed At A Four-Year Low Reading Of 0.5%
Apr 17 05:37 GMT, by GCI Financial
The pair is expected to find support at 1.3811, and a fall through could take it to the next support level of 1.3782. The pair is expected to find its first resistance at 1.3861, and a rise through c...
GBP/USD: UK Unemployment Rate Fell To A Five-Year Low 6.9%
Apr 17 05:35 GMT, by GCI Financial
The pair is expected to find support at 1.6757, and a fall through could take it to the next support level of 1.6678. The pair is expected to find its first resistance at 1.6876, and a rise through c...
AUD/USD: Aussie Extends Its Gains In The Asian Session
Apr 17 05:34 GMT, by GCI Financial
The pair is expected to find support at 0.9346, and a fall through could take it to the next support level of 0.9317. The pair is expected to find its first resistance at 0.9398, and a rise through c...
USD/JPY: 'BoJ Would Maintain Its QE Measure Until Necessary To Achieve 2% Price Target,' Says BoJ Chief, Kuroda
Apr 17 05:32 GMT, by GCI Financial
The pair is expected to find support at 101.76, and a fall through could take it to the next support level of 101.55. The pair is expected to find its first resistance at 102.28, and a rise through c...
USD/CHF: ZEW Economic Sentiment For Swiss Economy Unexpectedly Deteriorated To A Reading Of 7.0 This Month
Apr 17 05:28 GMT, by GCI Financial
The pair is expected to find support at 0.8777, and a fall through could take it to the next support level of 0.8754. The pair is expected to find its first resistance at 0.8827, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Apr 17 06:17 GMT, by Varengold Bank
After being strong of late, the U.S. dollar fell overnight after comments from the Federal Reserve Chair Janet Yellen. The head of the central bank noted in a speech about policy framework that the b...
Foreign Exchange Market Commentary
Apr 17 04:49 GMT, by HY Markets
THE EURO closed higher on Wednesday. The lowrange close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signa...
Euro Climbs On Global Stocks Relief
Apr 17 04:43 GMT, by ZIFX.com
On Wednesday Euro/Dollar continued trading within 50 pip range. The European currency depreciated from 1.3852 to 1.3803 yesterday, not matching the positive money flow sentiment at above +6%, closing...
Daily Technical Analysis
Apr 17 04:26 GMT, by FX Instructor
The EURUSD attempted to push higher yesterday but still unable to make a clear break above 1.3850 so far. The bias is neutral in nearest term probably with a little bullish bias especially if price a...
The Daily Wave Analysis
Apr 17 03:57 GMT, by Admiral Markets
As expected, the GBPUSD broke to the upside yesterday with lots of momentum. The AO needs to turn before a confirmed divergence is present (now AO is moving up).
CRUDE OIL - Turns Lower, Vulnerable
Apr 17 03:46 GMT, by FXTechstrategy
CRUDE OIL - With the commodity reversing its intra day gains during Wednesday trading session, it faces the risk of further downside pressure. On further weakness, support comes in at the 102.94 leve...
All Daily Technical Reports >>

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Long Term Forecasts

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...
USD/JPY - 2013 In Review
Dec 26 02:31 GMT, by MarketPulse
The Bank of Japan continued its radical monetary program in 2013, and the yen responded with sharp ...
GBP/USD - 2013 In Review
Dec 26 02:30 GMT, by MarketPulse
The Bank of England revised its growth forecast for 2013 to 1.6%, up from 1.4% in a previous foreca...
EUR/USD - 2013 in Review
Dec 25 13:46 GMT, by MarketPulse
The ECB is expecting better news in 2014, with the Eurozone economy expected to post growth of 1%. ...
All Long Term Forecasts >>
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