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Mar 04 06:58 GMT

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Daily Report: Dollar Firm But Lacks Momentum ahead of Job and Services Data
Mar 04 06:23 GMT, by ActionForex.com
Dollar index continues to stay near after breaking to 11 year high this week. But momentum stays rather unconvincing. Traders would need more evidence regarding the strength of the US economic, and thus, the chance of a June rate hike from Fed, before pushing the greenback higher. The major focuses today will be on employment data from U. The ADP ...

Technical Outlook

EUR/USD Daily Outlook
Downside momentum in EUR/USD is unconvincing. But with 1.1278 minor resistance intact, further fall is expected to 1.10... - Mar 04 06:38 GMT
USD/CHF Daily Outlook
USD/CHF's rebound continued and took out 0.9553 resistance firmly. The development invalidated our bearish view. Furthe... - Mar 04 06:35 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. Rise from 1.4950 is viewed as a corrective move and break of 1... - Mar 04 06:30 GMT
USD/JPY Daily Outlook
USD/JPY is staying in tight range below 120.46 and intraday bias stays neutral. Overall, the pair is bounded in the sid... - Mar 04 06:28 GMT

Special Reports

China Watch: Flash PMI Signaled Manufacturing Activities Expanded. Deflation Risks Heightened, An Official Warned
Feb 25 10:36 GMT
China's flash manufacturing PMI by HSBC surprisingly drifted back to above 50, ...
Upbeat Yellen Signaled Fed's On Course For Hike Later This Year
Feb 25 06:29 GMT
Fed Chair Janet Yellen in the congressional testimony reiterated the message th...
A Third Of BOJ Members Skeptical Over The Inflation Target
Feb 23 10:49 GMT
The minutes for the January BOJ meeting unveiled that 3 out of the 9 members do...
All Special Reports >>

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9540
As the greenback has eased after intra-day rise to 0.9618, suggesting minor consolidation would be seen, however, pullback should... - Mar 03 15:59 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5450
As the British pound has remained under pressure after intra-day brief bounce, suggesting the fall from last week's high of 1.555... - Mar 03 15:47 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.1130 or sell at 1.1280
As the single currency has fallen again after meeting renewed selling interest at 1.1241 yesterday, suggesting recent decline is ... - Mar 03 15:42 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
The greenback slipped again in NY morning, suggesting top has possibly been formed at 120.27 earlier today and test of the lower ... - Mar 03 15:39 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound has retreated after rising to 1.5552 (exactly 3... - Mar 03 10:04 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback only eased to 0.9450 before finding renewed buying interest ... - Mar 03 09:49 GMT
EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency has dropped late last week and a long black c... - Mar 02 10:17 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.7265
Although the single currency has remained under pressure, loss of downward momentum suggests support at 0.7240 would limit downsi... - Mar 03 14:31 GMT
Trade Idea: USD/CAD - Hold long entered at 1.2445
Although the greenback has retreated after meeting resistance at 1.2565 yesterday, outlook remains consolidative and reckon downs... - Mar 03 14:22 GMT
Trade Idea: EUR/JPY - Stand aside
Although euro has retreated after yesterday's rebound to 134.60 and consolidation with mild downside bias is seen, break of Frida... - Mar 03 09:26 GMT
Trade Idea: AUD/USD - Hold long entered at 0.7800
Aussie found good support at 0.7752 earlier today and has rebounded, retaining our bullishness and as long as this level holds, p... - Mar 03 09:11 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
The British pound ran into resistance at 1.5552 (exactly 38.2% Fibona... - Mar 03 10:32 GMT
GBP/JPY Elliott Wave Analysis
As sterling has eased after rising to 185.00 late last month and init... - Mar 03 10:25 GMT
USD/JPY Elliott Wave Analysis
Although the greenback has rebounded again after finding support at 1... - Mar 02 10:37 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Mar 04 06:50 GMT

Action Bias

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

AUD/USD: Australia's Economic Growth Quickened In Q4 2014
Mar 04 06:28 GMT, by GCI Financial
The pair is expected to find support at 0.7775, and a fall through could take it to the next support level of 0.7731. The pair is expected to find its first resistance at 0.7855, and a rise through c...
EUR/USD: Euro Trading Lower Ahead Of The Euro-Zone's Services PMI Data
Mar 04 06:26 GMT, by GCI Financial
The pair is expected to find support at 1.1144, and a fall through could take it to the next support level of 1.1117. The pair is expected to find its first resistance at 1.1208, and a rise through c...
GBP/USD: Pound Trading A Tad Lower Ahead Of Britain's Services PMI Data
Mar 04 06:25 GMT, by GCI Financial
The pair is expected to find support at 1.5333, and a fall through could take it to the next support level of 1.5311. The pair is expected to find its first resistance at 1.5389, and a rise through c...
USD/JPY: Japanese Yen Trading Higher In The Asian Session
Mar 04 06:24 GMT, by GCI Financial
The pair is expected to find support at 119.37, and a fall through could take it to the next support level of 119.1. The pair is expected to find its first resistance at 119.93, and a rise through co...
USD/CHF: Swiss GDP Beats Expectations In Q4
Mar 04 06:23 GMT, by GCI Financial
The pair is expected to find support at 0.9572, and a fall through could take it to the next support level of 0.9534. The pair is expected to find its first resistance at 0.9634, and a rise through c...
USD/CAD: Loonie Trading Lower Ahead Of The BoC's Crucial Interest Rate Decision
Mar 04 06:22 GMT, by GCI Financial
The pair is expected to find support at 1.2441, and a fall through could take it to the next support level of 1.2382. The pair is expected to find its first resistance at 1.2547, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Mar 04 06:32 GMT, by Varengold Bank
The dollar moved lower against most of its rivals on Tuesday after strong economic data released in Europe and the U.K. implied that economic growth in the rest of the world is beginning to catch up ...
Foreign Exchange Market Commentary
Mar 04 05:39 GMT, by HY Markets
THE EURO closed lower on Tuesday. The lowrange close sets the stage for a steady opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bullish signalling that ...
Daily Technical Analysis
Mar 04 05:27 GMT, by FX Instructor
The EURUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term, but overall I remain bearish with nearest bearish target ...
Market Morning Briefing
Mar 04 05:16 GMT, by Kshitij Consultancy Services
Yen and Pound could strengthen in the coming days/ weeks while the Euro and Aussie could weaken afresh. This is something to be watched thematically. Dollar-Rupee could possibly try to break below 61...
Australia 200 – Runs Into Resistance At 6000
Mar 04 01:54 GMT, by MarketPulse
The Australia 200 index just continues on its merry way steadily moving higher above the key 5800 level to reach yet another multi-year high near 6000, where it is now meeting some resistance. In the...
AUD/USD – Runs Into Resistance At 0.7850 Again
Mar 04 01:52 GMT, by MarketPulse
After finally springing to life in the middle of last week, the Australian dollar dropped sharply to close out the week and fall back down below 0.7800 again to more familiar territory below the resi...
All Daily Technical Reports >>

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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...
All Long Term Forecasts >>
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