ActionForex.com
Mar 05 11:55 GMT

Sponsors

Forex Expos

Action Insight

European Session: Orders and Options Watch
Mar 05 10:42 GMT, by ActionForex.com
EUR: The single currency continued to fall today and bids at 1.1100, 1.1085, 1.1065 and 1.1050 were filled, however, buy orders are still noted at 1.1025-30, 1.1000 barrier (stops below) and 1.0980, buying interest should emerge around 1.0950-60, 1.0930 and 1.0900. On the upside, offers are lowered to 1.1060, 1.1080 and 1.1100, more sell orders ar...

Technical Outlook

EUR/USD Daily Outlook
EUR/USD drops to as low as 1.1030 so far and the firm break of 1.1096 confirmed down rend resumption. Intraday bias sta... - Mar 05 06:30 GMT
GBP/USD Daily Outlook
GBP/USD drops to as low as 1.5227 so far. The firm break of 1.5315 support indicates that corrective rebound from 1.495... - Mar 05 06:29 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 05 06:25 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remain son the upside for the moment. Current rebound would now target a test on 1.0239 resist... - Mar 05 06:23 GMT

Special Reports

BoC Left Rate Unchanged, Stance More Neutral
Mar 05 02:32 GMT
As expected, the BOC left the monetary policy unchanged in March, following a s...
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...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
Email:

Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9580
As the greenback has maintained a firm undertone after yesterday's rise to 0.9681, suggesting recent upmove is still in progress ... - Mar 05 10:34 GMT
Trade Idea Update: GBP/USD - Stand aside
As cable has remained under pressure after yesterday's selloff below indicated level at 1.5333-37 (previous support and 38.2% Fib... - Mar 05 10:31 GMT
Trade Idea Update: EUR/USD - Sell at 1.1150
Yesterday's selloff below previous support at 1.1098 confirms our view that early decline from 1.3993 top has resumed and further... - Mar 05 10:27 GMT
Trade Idea Update: USD/JPY - Stand aside
Although dollar has rebounded after finding support at 119.38 and consolidation would be seen, as broad outlook remains consolida... - Mar 05 10:24 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has fallen again after brief recovery, adding crede... - Mar 05 08:53 GMT
EUR/CHF Candlesticks and Ichimoku Analysis
Although the single currency has retreated after faltering below resistanc... - Mar 05 08:37 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although aussie retreated after meeting resistance at 0.7913, as price has... - Mar 04 08:59 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Sell at 133.20
This week's selloff from 134.60 adds credence to our view that the fall from 136.69 is still in progress and further weakness to ... - Mar 05 09:53 GMT
Trade Idea: AUD/USD - Hold long entered at 0.7800
Aussie's rebound after finding good support at 0.7752 earlier this week has retained our bullishness and as long as this level ho... - Mar 05 09:35 GMT
Trade Idea: EUR/GBP - Hold long entered at 0.7265
Although the single currency has slipped again today, loss of downward momentum should prevent sharp fall from here and bring reb... - Mar 04 14:46 GMT
Trade Idea: USD/CAD - Hold long entered at 1.2445
As the greenback has rebounded after finding support at 1.2433, retaining our bullishness and consolidation with upside bias rema... - Mar 04 14:43 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
As the single currency has remained under pressure, adding credence t... - Mar 05 10:17 GMT
USD/CAD Elliott Wave Analysis
As the greenback has retreated after meeting resistance at 1.2565 ear... - Mar 05 10:11 GMT
AUD/USD Elliott Wave Analysis
Although aussie retreated after early rebound to 0.7913, as long as i... - Mar 04 10:00 GMT
More Elliott Wave Weekly Analysis >>

Trade Ideas Search

Candlesticks Trades
Elliott Wave Trades

Markets Volatility

Pivot Points

Currency Heat Map (Daily)

USD EUR JPY GBP CHF
USD      
EUR      
JPY      
GBP      
CHF      

Last Updated: Mar 05 11:50 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD- NE↓ DN↓ DN↓ DN
USDJPY↑ UP↑ UP↑ UP- NE
GBPUSD- NE↓ DN↓ DN- NE
USDCHF↑ UP↑ UP↑ UP- NE
USDCAD- NE↓ DN- NE- NE
Facebook MySpace Twitter Digg Delicious Google Bookmarks 

Forex Brokers

Fundamental Analysis Reports

Could Central Banks Begin To Purchase The Euro‏
Mar 05 10:56 GMT, by ForexTime
Aside from the euro continuing to receive aggressive punishment ahead of the ECB interest rate decision and President Mario Draghi unveiling further details regarding the imminent QE program, the oth...
ECB And Draghi Under The Spotlight
Mar 05 10:54 GMT, by Swissquote Bank SA
The BoE and the ECB give policy verdict today and are both expected to maintain the status quo. The BoE will certainly be a non-event for the GBP-trader, especially given that pre-election talks shou...
European Market Update: Market Awaits Details Of ECB QE Program
Mar 05 10:25 GMT, by Trade The News
The EUR/USD continued to hit fresh 11 year lows as traders positioned ahead of the ECB decision and looming details of its €1.1B QE program. Some dealers pondered whether the Euro might bounce in the...
EUR Debases Pre-ECB, EM Suffer Losses
Mar 05 08:40 GMT, by Swissquote Bank SA
Today’s key events are the BoE, the ECB verdicts and ECB President Draghi’s press conference (at 12:00, 12:45 and 13:30 GMT respectively). The consensus is status quo on both meetings, while ECB Pres...
EUR/USD Setting Multi-Year Lows As QE Looms
Mar 05 08:03 GMT, by KBC Bank
Yesterday and this morning, EUR/USD dropped to new multi-year lows as markets prepare for the start of QE going into the ECB policy meeting and press conference. This move is in the first palace euro...
Australia's Economy Remains Soft, Whiles Services Sector Improves
Mar 05 07:53 GMT, by Dukascopy Swiss FX Group
The Australian economy experienced a tepid growth in the fourth quarter, marking the slowest annual pace of growth last year, adding to the case of further RBA actions in the coming months to revive ...
All Daily Fundamental Reports >>

Technical Analysis Reports

EUR/USD Drops Down To 1.1035 Before ECB Meeting
Mar 05 09:57 GMT, by Dukascopy Swiss FX Group
After a considerable drop yesterday, EUR/USD continues declining on Thursday morning as well. On Wednesday it lost more than 100 pips and is getting additional 40-pip hit today. The Euro has already ...
GBP/USD Keeps Plunging
Mar 05 09:55 GMT, by Dukascopy Swiss FX Group
As the UK Services PMI was worse than expected, and later through the day the US data showed strong figures, the Pound came under strong selling pressure, and the currency depreciated dramatically. G...
USD/JPY: Correction To Take Place
Mar 05 09:54 GMT, by Dukascopy Swiss FX Group
On Wednesday the USD/JPY pair continued to trade between the weekly PP an R1 levels. The Greenback experienced a minor eight-pip slump, before the currency settled at 119.64. Although technical studi...
XAU/USD Remains Calm Around 1,200
Mar 05 09:51 GMT, by Dukascopy Swiss FX Group
XAU/USD cross showed no significant changes in course of the previous trading day as it remained hovering just around the major level of 1,200. The closest resistance and support are located at 1,207...
Today's Market Outlook
Mar 05 09:30 GMT, by Windsor Brokers Ltd
The Euro holds firm bearish tone and heads towards psychological 1.10 support, ahead of today’s ECB meeting. Yesterday’s close in long red candle and eventual completion of 1.1096/1.1532 corrective p...
EURUSD Making An Impulse Out Of A Bearish Triangle
Mar 05 09:15 GMT, by Elliott Wave Financial Service
EURUSD has accelerated to the downside yesterday and broke to new lows as expected. We have been looking for that move since we highlighted a completed triangle in fourth wave. Well, we are now track...
All Daily Technical Reports >>

Analysis Report Search

Central Bank Analysis
Economic Data Reviews
Technical Analysis

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 >>
ActionForex.com © 2015 All rights reserved.