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Aug 28 07:04 GMT

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Daily Report: Dollar Pull Back Continues, Aussie Lifted by Capex
Aug 28 04:23 GMT, by ActionForex.com
Dollar continues to pull back from recent rally as it lacked stimulus for further rise. The dollar index is now at around 82.3 level after surging to as high as 82.72 earlier this week. The greenback is mildly softer against European majors and yen but remains in tight range so far. Though, clearer weakness is seen against commodity currencies. US...

Technical Outlook

GBP/JPY Daily Outlook
With 171.60 minor support intact, further rise could still be seen. Recent development argues that price actions from 1... - Aug 28 05:31 GMT
EUR/JPY Daily Outlook
With 138.02 resistance intact, deeper decline is mildly in favor for 135.50 key support level. Decisive break there wil... - Aug 28 05:30 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains on the downside for 1.4050 key support level. At this point, we're still viewing fall ... - Aug 28 05:28 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for the moment and outlook remains unchanged. Another rise is still expected w... - Aug 28 05:26 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

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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 06:55 GMT

Action Bias

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

Dollar Rebound Slows As Core Bond Yields Nosedive
Aug 28 06:53 GMT, by KBC Bank
With no high profile news on the agenda, the recent USD rally slowed. The decline in core bond yields blocks the topside in USD/JPY. After the recent decline in EUR/USD, quite some QE anticipation is...
EUR/USD: Euro Trading Higher, Ahead Of Crucial German Economic Data
Aug 28 05:54 GMT, by GCI Financial
The pair is expected to find support at 1.3173, and a fall through could take it to the next support level of 1.3134. The pair is expected to find its first resistance at 1.3235, and a rise through c...
GBP/USD: Pound Trading Higher In The Asian Session, Ahead Of British Consumer Confidence Data
Aug 28 05:53 GMT, by GCI Financial
The pair is expected to find support at 1.6554, and a fall through could take it to the next support level of 1.6516. The pair is expected to find its first resistance at 1.6618, and a rise through c...
AUD/USD: Aussie Trading On A Higher Footing In The Asian Session
Aug 28 05:50 GMT, by GCI Financial
The pair is expected to find support at 0.9322, and a fall through could take it to the next support level of 0.9285. The pair is expected to find its first resistance at 0.9385, and a rise through c...
USD/CHF: Swiss Franc Extends Its Gains In The Asian Session
Aug 28 05:49 GMT, by GCI Financial
The pair is expected to find support at 0.9117, and a fall through could take it to the next support level of 0.9097. The pair is expected to find its first resistance at 0.917, and a rise through co...
USD/CAD: Loonie Continues With Its Gains In The Asian Session
Aug 28 05:48 GMT, by GCI Financial
The pair is expected to find support at 1.0803, and a fall through could take it to the next support level of 1.0760. The pair is expected to find its first resistance at 1.0913, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

The Daily Forecaster: EURJPY
Aug 28 06:12 GMT, by FX-Forecaster
The break below 136.95 has implied losses. Currently we are seeing a move down to 136.89-93 and then 136.70-74. This should provoke a correction holding below 137.00-11 from where another leg lower t...
Daily Technical Analysis
Aug 28 06:05 GMT, by FX Instructor
The EURUSD was corrected higher yesterday and hit 1.3216 earlier today. The bias is neutral in nearest term, probably with a little bullish bias testing 1.3250 – 1.3295, but any upside pullback now s...
Euro Cheered Up By Reports On ECB
Aug 28 05:22 GMT, by ZIFX.com
On Wednesday Euro/Dollar increased with almost 60 pips. The European currency depreciated from 1.3151 to 1.3210 yesterday, not matching the negative money flow sentiment at below -6%, closing the day...
Foreign Exchange Market Commentary
Aug 28 04:16 GMT, by HY Markets
THE EURO closed higher on Wednesday. The highrange close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI remain neutral to bearish ...
The Daily Wave Analysis
Aug 28 04:16 GMT, by Admiral Markets
Price has reached the minimum wave 3 (orange) target (100%) – although usually wave 3's tend to get lower such as the 161.8% Fibonacci target (green). The break out of the downtrend channel (orange) ...
Market Morning Briefing
Aug 28 03:36 GMT, by Kshitij Consultancy Services
Dollar-Yen (103.74) is undergoing the expected correction but the intermediate trend remains up above 103. Some more consolidation in 103.50-104.50 is possible before higher levels come. The grinding...
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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