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Feb 21 00:56 GMT

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US Session: Orders and Options Watch
Feb 20 14:26 GMT, by ActionForex.com
EUR: The single currency traded narrowly, bids are still noted at 1.0600, 1.0585 and 1.0550, buy orders are reported at 1.0520 and 1.0500, buying interest is tipped at 1.0480-85 and 1.0450. On the upside, offers are seen at 1.0635, 1.0650 and 1.0680, sell orders are expected at 1.0700-05, 1.0730 and 1.0750.

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY is mildly on the downside for 138.53 support. Break will target 136.44. Overall, price actions... - Feb 20 06:27 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY stays neutral first. On the downside, below 119.32 will extend the corrective fall from 124.08... - Feb 20 06:22 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP stays neural at this point. Fall from 0.8851 is seen as the third leg of the corrective patter... - Feb 20 06:18 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains neutral for the moment. We're holding on to the view that price actions from 1.6587 ar... - Feb 20 06:15 GMT

Special Reports

China Watch: January Money And Inflation Data
Feb 20 11:00 GMT
In PBOC's latest set money report, China's new renminbi loans rose to RMB 2.03 ...
Swiss Franc To Strengthen Further Despite Negative Rates And Intervention
Feb 17 10:41 GMT
SNB's sight deposits added +3.81B franc, or +0.71%, to 539B franc, in the week ...
US-Japan Summit And Yellen's Testimony Affirm Yen's Weakness
Feb 16 10:15 GMT
USDJPY's rally since early February indicates that the correction from the 2016...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Sell at 1.0075
Although dollar has rebounded after falling to 0.9967 last week and consolidation above this level would be seen with initial ups... - Feb 20 15:52 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Despite falling to 1.2388 on Friday, as cable has rebounded after holding above indicated support at 1.2383, retaining our view t... - Feb 20 15:50 GMT
Trade Idea Wrap-up: EUR/USD - Hold short entered at 1.0655
Although the single currency staged a strong rebound last week, the subsequent retreat from 1.0680 suggests top is possibly forme... - Feb 20 15:41 GMT
Trade Idea Wrap-up: USD/JPY - Sell at 114.00
As the greenback has finally recovered after falling to 112.62 on Friday, suggesting consolidation above this level would be seen... - Feb 20 15:33 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency dropped to as low as 1.0521 last week, the su... - Feb 20 08:18 GMT
USD/JPY Candlesticks and Ichimoku Analysis
Although the greenback rose to as high as 114.96 last week, the subsequent... - Feb 20 08:05 GMT
EUR/JPY Candlesticks and Ichimoku Analysis
Although the single currency rebounded after finding support at 119.33, as... - Feb 17 09:42 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.8635
Although the single currency has retreated has brief bounce to 0.8592, break of 0.8480-85 is needed to signal the rebound from 0.... - Feb 20 15:18 GMT
Trade Idea: USD/CAD - Stopped profit and stand aside
As the greenback found good support just above 1.3000 level and has rebounded from 1.3009, dampening our bearishness and further ... - Feb 20 14:59 GMT
Trade Idea: EUR/JPY - Stand aside
Although the singe currency has recovered after falling to 119.70 on Friday and consolidation above this level would be seen, rec... - Feb 20 09:55 GMT
Trade Idea: AUD/USD - Sell at 0.7695
Aussie’s retreat after last week’s rise to 0.7732 suggests consolidation below this level would be seen and test of minor support... - Feb 20 09:44 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/USD Elliott Wave Analysis
Although the single currency fell to as low as 1.0521 last week, the ... - Feb 20 10:50 GMT
USD/JPY Elliott Wave Analysis
Although the greenback has retreated after running into strong resist... - Feb 20 10:40 GMT
EUR/JPY Elliott Wave Analysis
Although the single currency has retreated after faltering below resi... - Feb 17 12:15 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

USD EUR JPY GBP CHF
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Last Updated: Feb 21 00:55 GMT

Action Bias

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

Fundamental Analysis Reports

Pound Higher as UK Order Expectations Jumps
Feb 20 15:46 GMT, by MarketPulse
GBP/USD has started the week with gains. In the North American session, the pair is trading at the 1.2470. On the release front, British housing and industrial data climbed higher in February. Rightm...
Dollar, Sterling and Gold in Focus
Feb 20 14:28 GMT, by ForexTime
The increasing levels of volatility the Greenback has dished out this month continues to highlight how the currency remains entangled in a fierce tug of war between the Fed hawks and President Trump....
Canadian Dollar Steady as Canadian Wholesale Sales Jumps
Feb 20 14:24 GMT, by MarketPulse
After an uneventful week, USD/CAD is showing little movement in the Monday session. Early in North American trade, the pair is trading just above the 1.31 level. On the release front, US markets are ...
Yen Hugging 113 as US Markets Off for Holiday
Feb 20 12:13 GMT, by MarketPulse
The Japanese yen is almost unchanged at the start of the week. In the Monday, session, USD/JPY is trading just above the 113 line. On the release front, Japan's trade surplus fell sharply to JPY 0.16...
European Market Update: Quiet Start To Trading Week
Feb 20 11:21 GMT, by Trade The News
FX markets were basically locked within recent ranges in quiet trade with overall global participation low alongside the US markets closed for the Presidents' Day holiday. The USD retraced some of it...
Quiet Day Ahead Of US Holiday
Feb 20 11:16 GMT, by Swissquote Bank SA
The UK economy has weathered surprisingly well since the Brexit vote as economic data consistently surprises to the upside. However, dark clouds have started to gather on the horizon as the reality o...
All Daily Fundamental Reports >>

Technical Analysis Reports

AUDUSD – Risk Of Reversal Persists, Downside Triggers Lay At 0.7626/00
Feb 20 09:46 GMT, by Windsor Brokers Ltd
The Aussie is trading around the mid-point of 0.7600/0.7700 congestion after quick reversal from fresh high at 0.7730 (posted on 16 Feb) signaled false break above range tops. Pullback from 0.7730 wa...
USDJPY – Strong Upside Rejection Last Week And Subsequent Fall Continues To Weigh On Near-Term Action
Feb 20 09:22 GMT, by Windsor Brokers Ltd
The pair is consolidating above 112.60 (low of strong three-day fall from 114.94 (15 Feb high). Near-term action remains biased lower following strong upside rejection at 114.94 that left daily candl...
GBPUSD Attempts At Strong Supports Between 1.2422/04, Thick Hourly Cloud To Cap Recovery
Feb 20 09:21 GMT, by Windsor Brokers Ltd
Top of falling daily Ichimoku cloud is for now holding attempts through strong support zone between 1.2422 and 1.2404 (55/100 SMA's/daily cloud top). Series of lower lows from 1.2580 (09 Feb high/rec...
EURUSD – Scope For Break Below 1.0600 Pivot And Fresh Bearish Acceleration
Feb 20 09:20 GMT, by Windsor Brokers Ltd
Near-term risk turned lower and pressures 55SMA support at 1.0600, following Friday's strong close in red after repeated upside rejection at 1.0675 zone, where daily Kijun-sen capped. Falling 10SMA (...
EURUSD Returns To 1.06 Level
Feb 20 09:11 GMT, by Dukascopy Swiss FX Group
The common European currency had retreated to the 1.06 level against the US Dollar on Monday morning. At that level the currency exchange rate managed to find support, as the 55-day SMA, which is loc...
GBPUSD Attempts To Erase Friday's Losses
Feb 20 09:10 GMT, by Dukascopy Swiss FX Group
The Cable edged lower on Friday, with the psychological support around 1.2460/40 failing to limit the losses, but the demand cluster circa 1.2420 succeeding. However, the GBP/USD pair opened with a s...
All Daily Technical Reports >>

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Long Term Forecasts

DAX 6 Month Outlook 2016 H2
Aug 18 14:12 GMT, by MarketPulse
DAX 6 Month Outlook 2016 H2 What impact has Brexit had on Germany? It's still too early to determ...
AUD/USD Australian Dollar 6 Month Outlook 2016 2H
Aug 02 15:28 GMT, by MarketPulse
The RBA seems to be little concerned by Brexit and believes it's far too soon to pass judgment on t...
WTI Crude Oil A Year Ahead - Trends And Expectations 2016
Dec 24 11:45 GMT, by MarketPulse
The second half of 2014 saw a sharp drop in the price of WTI Crude Oil, which had traded at $105 a ...
DAX Year Ahead – Trends And Expectations 2016
Dec 24 11:11 GMT, by MarketPulse
It has been another testing year for the German economy but once again it has shown the kind of str...
British Pound Year Ahead - Brexit To Dominate 2016
Dec 22 12:49 GMT, by MarketPulse
This has been something of a turnaround year for the UK in which unemployment has fallen back to pr...
All Long Term Forecasts >>
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