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US Session: Orders and Options Watch
Nov 21 14:16 GMT, by ActionForex.com
EUR: The single currency broke below near term range and tumbled in European session on dovish comments from ECB's Draghi, bids at 1.2490-1.2510 area, 1.2465-70, 1.2440-45 and 1.2420-30 were filled, however, buy orders are still noted at 1.2400 with stops building up below 1.2390, buying interest is noted at 1.2375-80 and 1.2355-60 with more stops...

Technical Outlook

EUR/USD Weekly Outlook
EUR/USD recovered to 1.2599 last week but reversed from there and dropped sharply to close. After all, it's staying in ... - Nov 22 04:30 GMT
USD/JPY Weekly Outlook
USD/JPY surged to as high as 118.97 last week but lost momentum ahead of key resistance zone around 120. That includes ... - Nov 22 04:22 GMT
GBP/USD Weekly Outlook
GBP/USD lost much downside momentum last week and turned into sideway trading. But with 1.5789 resistance intact, deepe... - Nov 22 04:16 GMT
USD/CHF Weekly Outlook
USD/CHF rebounded strongly after dipping to 0.9529 but was kept below 0.9741 resistance last week. Initial bias remains... - Nov 22 04:12 GMT

Special Reports

Fed Sees Inflation Target within Reach, Impacts of Overseas Slowdown Limited
Nov 20 06:06 GMT
The FOMC minutes for the October meeting suggested that policymakers remained c...
BOE Minutes Showed Splits among Those Favored Keeping Rates Unchanged
Nov 19 13:04 GMT
The BOE minutes for the November meeting showed that the members voted 7-2 to k...
RBA Raised Concerns Over Housing Markets, Both At Home And In China
Nov 18 05:16 GMT
The RBA minutes for the November meeting contained few surprises. Policymakers ...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9620
As the greenback has staged a strong rebound after the dovish comments from ECB's Draghi, suggesting the correction from 0.9742 t... - Nov 21 15:50 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Despite yesterday's rebound to 1.5737, lack of follow through buying on break of previous resistance at 1.5736 and current euro-l... - Nov 21 15:42 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.2480
Current selloff below indicated level at 1.2500 on dovish comments from ECB's Draghi suggests correction from recent low of 1.235... - Nov 21 15:40 GMT
Trade Idea Wrap-up: USD/JPY - Exit long entered at 117.50
Failure to extend intra-day rebound from 117.36 and current cross-inspired retreat after meeting resistance at 118.12 dampened ou... - Nov 21 15:37 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
The single currency finally retreated after rising to 149.14 yesterday and... - Nov 21 09:36 GMT
USD/CAD Candlesticks and Ichimoku Analysis
The greenback traded in relatively narrow range after retreating from rece... - Nov 21 09:04 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
The single currency staged the anticipated rebound to 0.8039, our long pos... - Nov 20 09:46 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.7940
Current sharp fall after ECB has dampened our bullishness and 0.7900 needs to hold to retain prospect of another rebound, above 0... - Nov 21 14:20 GMT
Trade Idea: USD/CAD - Stand aside
The greenback met renewed selling interest at 1.1369 yesterday and dropped below indicated support at 1.1254-59 (61.8% Fibonacci ... - Nov 21 14:15 GMT
Trade Idea: EUR/JPY - Stand aside
Despite yesterday's rise to 149.14, the subsequent retreat suggest the wave v as well as larger degree wave iii has possibly ende... - Nov 21 08:49 GMT
Trade Idea: AUD/USD - Stand aside
Although aussie fell to 0.8566 yesterday, as the pair has rebounded after holding above indicated support at 0.8541, suggesting c... - Nov 21 08:39 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
The single currency has finally retreated after rising to 149.14 yest... - Nov 21 11:12 GMT
USD/CHF Elliott Wave Analysis
Despite retreating to 0.9531, as the greenback found renewed buying i... - Nov 21 11:02 GMT
EUR/GBP Elliott Wave Analysis
The single currency found good support at 0.7799 and has staged the a... - Nov 20 10:10 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Nov 21 21:59 GMT

Action Bias

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

Fundamental Analysis Reports

Weekly Economic and Financial Commentary
Nov 22 01:52 GMT, by Wells Fargo Securities
Inflation has taken center-stage of late now that concerns are beginning to ease the state of the labor market. This week inflation data showed that while hardly robust, weaker price growth seems to ...
The ECB Takes a Step Closer to QE
Nov 22 01:22 GMT, by Forex.com
On Friday, ECB President Mario Draghi delivered a damning indictment on the Eurozone economy, saying that underlying growth momentum remains weak, the economic situation in the euro-area remains diff...
Weekly Focus: Big Drop in Oil Prices to Boost Consumption
Nov 22 01:09 GMT, by Danske Bank
The biggest stimulus to consumers from an oil price decline since 2008. It strengthens the recovery case in early 2015 and thus risk asset performance. Bond yield decline stabilises on rise in ris...
Week in FX Americas - Dollar Strengtens Thanks to China and Draghi
Nov 22 01:06 GMT, by MarketPulse
The EUR/USD continued to fall this week after European Central Bank President Mario Draghi urged European Union leaders to do whatever it takes to avoid stagnation. Whatever it takes in this case is ...
Week in FX Europe - Draghi Hands Ammo to Euro Bear
Nov 22 01:05 GMT, by MarketPulse
The euro bear got a subtle hint yesterday to consider not booking any EUR profits just yet, all because the EUR bull happened to be blinded by flash purchasing mangers' index (PMI) numbers. The one...
Week in FX Asia - China's Surprise Rate Cut Jolts Currency Markets
Nov 22 01:03 GMT, by MarketPulse
The Chinese central bank made headlines on Friday morning with a surprise rate cut designed to avoid falling short of its growth target this year. The People's Bank of China (PBoC) had tried smaller ...
All Daily Fundamental Reports >>

Technical Analysis Reports

NZD/USD: 5 Reasons for a Potential Fall
Nov 22 01:12 GMT, by Forex.com
Throughout the month of November, the NZD has been able to do something that very few other currencies around the world have been able to do, gain value against the USD. The outright love of everythi...
AUDNZD: Turning Higher off 200-Day MA Support Near 1.0900?
Nov 21 14:36 GMT, by Forex.com
After seeing a massive downtrend throughout 2011, 2012, and 2013, AUDNZD is finally showing signs of stabilizing this year. For the first half of the year, the pair consolidated within the 375-pip ra...
Forex Technical Analysis
Nov 21 10:21 GMT, by DeltaStock Inc.
Current pullback after 118.96 high should be considered corrective, preceding and advance towards 120.00 sentiment area. Trigger on the upside is 108.30 and major support is seen at 107.04.
USDJPY Elliott Wave Analysis: Wave 5 In Progress
Nov 21 09:44 GMT, by Elliott Wave Financial Service
USDJPY has reached levels around 119 in this week so we see pair forming an extended structure, now in wave 5 that needs to be made by five waves. For now that is still not the case from 115.45 wave ...
Technical Analysis for Major Currencies
Nov 21 09:39 GMT, by ICN.com
The pair is still trading within a tight range, as breaching 1.2585 and stabilizing above it favors extending the upside move targeting 1.2635 and 1.2680. Trading above 1.2555 is positive and support...
Technical Analysis for Crosses
Nov 21 09:38 GMT, by ICN.com
The pair retested the strong support 184.40 and is supporting the expected bullish extension on the short term, waiting to move towards 187.05 then 188.80. Linear Regression Indicators are still posi...
All Daily Technical Reports >>

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Central Bank Analysis
Economic Data Reviews
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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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