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Jan 26 10:24 GMT

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European Session: Orders and Options Watch
Jan 26 09:45 GMT, by ActionForex.com
GBP: The British pound also found support around 1.4990-95 and rebounded but sterling met offers at 1.5045 and has retreated in London morning, sell orders remain at 1.5045-55 and 1.5075-85, more selling interest is expected at 1.5100-10, 1.5125 and 1.5165, sellers are tipped at 1.5180-85 and 1.5200-10 (stops above). On the downside, some bids are...

Technical Outlook

EUR/GBP Daily Outlook
Near term outlook in EUR/GBP stays bearish as long as 0.7594 support turned resistance holds. Current fall should targe... - Jan 26 09:01 GMT
EUR/AUD Daily Outlook
Near term outlook in EUR/AUD stays bearish with 1.4406 resistance intact. Current fall from 1.5331 should target a test... - Jan 26 08:58 GMT
EUR/CHF Daily Outlook
Some more consolidations could be seen in range of 0.9745/1.0245 in near term. But we cannot rule out the possibility o... - Jan 26 08:55 GMT
AUD/USD Daily Outlook
Intraday bias in AUD/USD remains on the downside. Current decline should target 61.8% projection of 0.8910 to 0.8032 fr... - Jan 26 08:53 GMT

Special Reports

ECB Decided to Buy Asset Worth of 60B euro a Month, March through September 2016
Jan 22 14:34 GMT
Exceeding the consensus forecast of 50B euro or 50B euro in total, ECB's expand...
BOC Cut Rates, Insuring Against Headwind Posed By Oil Price Decline
Jan 22 04:03 GMT
Surprisingly, the BOC announced to cut its overnight rate to 0.75% from 1% in J...
Unanimous Vote To Keep Rate Unchanged Damped Speculations Of BOE Tightening
Jan 21 11:07 GMT
BOE policymakers dropped rate hike calls as inflation disappointed in recent mo...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Stand aside
Although the greenback found good support at 0.8501 last week and has staged a strong rebound, break of resistance at 0.8838 is n... - Jan 26 07:57 GMT
Trade Idea : GBP/USD - Buy at 1.5000
The British pound found renewed buying interest at 1.4985 (we recommended in our previous update to buy at 1.4980) and has reboun... - Jan 26 07:51 GMT
Trade Idea: EUR/USD - Sell at 1.1350
Although the single currency fell initially to 1.1098, lack of follow through selling on break of Friday's low at 1.1115 and curr... - Jan 26 07:46 GMT
Trade Idea: USD/JPY - Buy at 117.50
Despite intra-day initial fall to 117.26, as the greenback has rebounded again after holding above indicated support at 117.18, r... - Jan 26 07:40 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency opened lower this morning, lack of follow thr... - Jan 26 08:58 GMT
USD/JPY Candlesticks and Ichimoku Analysis
The greenback only eased to 116.92 before rebounding again (we recommended... - Jan 26 08:24 GMT
EUR/JPY Candlesticks and Ichimoku Analysis
Although the single currency recovered initially this week, euro met renew... - Jan 23 10:23 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Buy at 131.95
Despite intra-day initial brief fall to 130.15, as the single currency found good support there and has quickly rebounded, sugges... - Jan 26 10:07 GMT
Trade Idea: AUD/USD - Sell at 0.8050
As aussie has recovered after intra-day initial fall to 0.7858, suggesting minor consolidation would be seen and corrective bounc... - Jan 26 09:59 GMT
Trade Idea: EUR/GBP - Sell at 0.7610
The single currency has dropped again after yesterday's anticipated resumption of recent decline, adding credence to our bearishn... - Jan 23 14:32 GMT
Trade Idea: USD/CAD - Buy at 1.2200
As the greenback has continued to move higher after yesterday's post-BOC rally, suggesting recent upmove is still in progress and... - Jan 23 14:27 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
The single currency only recovered to 137.64 before running into rene... - Jan 23 10:49 GMT
USD/CHF Elliott Wave Analysis
The greenback traded in relatively narrow range after last week's vol... - Jan 23 10:43 GMT
EUR/GBP Elliott Wave Analysis
Last week's selloff signals recent decline is still in progress and m... - Jan 22 11:15 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jan 26 10:15 GMT

Action Bias

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

Fundamental Analysis Reports

EURUSD – Nothing But Oneway Traffic
Jan 26 10:00 GMT, by ForexTime
The EURUSD is continuing to show nothing but oneway traffic sending its price lower, with it also appearing to look like there is no Uturn in sight anytime soon. The Eurodollar recorded yet another 1...
Euro Touches New Correction Low After Syriza Victory
Jan 26 08:44 GMT, by KBC Bank
EUR/USD was still captured in a negative tailspin on Friday as the post-QE repositioning continued. EUR/USD and USD/JPY also spiked temporary lower this morning in a first reaction to the Greek elect...
Activity In China's Manufacturing Sector Still Weak, Fuelling Fears Of Hard Landing
Jan 26 08:38 GMT, by Dukascopy Swiss FX Group
Although activity in China's manufacturing sector picked up slightly in January, it still remains weak as growth in the world's second biggest economy continues to cool. According to the UK's banking...
Syriza Victory Weigh On EUR, Loonie Offered
Jan 26 08:29 GMT, by Swissquote Bank SA
The week starts with the anti-austerity Syriza's victory in Greek general elections. Despite the historic outcome, Syriza will still need to agree a coalition to form a government. The Syriza governm...
Canada's Inflation Slows In December, Retail Trade Rises In November
Jan 26 08:18 GMT, by Dukascopy Swiss FX Group
Canada's inflation cooled the most in nine months in December, confirming the Bank of Canada's concerns over the impact of falling oil prices on the nation's economy. Inflation rate slowed to 1.5%, t...
Eurozone Composite PMI Rises To 5-Month High, Syriza Wins
Jan 26 08:16 GMT, by Dukascopy Swiss FX Group
The German economy started the year on an upbeat note, as demand increased for the first time in three months, while employment rose. According to Markit Economics, flash composite PMI reading, which...
All Daily Fundamental Reports >>

Technical Analysis Reports

Today's Market Outlook
Jan 26 10:05 GMT, by Windsor Brokers Ltd
The Euro started the week with gap-lower opening, as expected, according to the results of Greek elections, which increase pressure on the single currency, already weakened by recent SNB and ECB deci...
GBPUSD Elliott Wave Analysis: Downtrend In Play
Jan 26 10:02 GMT, by Elliott Wave Financial Service
Cable is at new lows as expected after we recognized a corrective pattern just above 1.5600 back in December. Pair fell sharply since then, clearly in five waves with current price already in fifth w...
AUDJPY: It's Not Looking Good...
Jan 26 07:16 GMT, by ThinkForex
The apparent 'V-Top' seen in November 2014 is very similar to the one in April 2014 which resulted in an eventual -1800 bearish move. price is now on the brink of breaking below the bullish trendline...
Daily FX Report
Jan 26 07:12 GMT, by Varengold Bank
The euro started the week slipping as well as the U.S. and Japanese index futures once known the ending of the elections in Greece and the victory of Syriza party, the Coalition of the Radical Left. ...
GOLD - Looks To Trigger Correction
Jan 26 04:37 GMT, by FXTechstrategy
GOLD - With a marginal close seen the past week, corrective pullback is envisaged. Resistance resides at the 1,315 level where a break will aim at the 1,330.00 level. A break of here will turn attent...
Foreign Exchange Market Commentary
Jan 26 04:16 GMT, by HY Markets
THE EURO closed lower on Friday. Today's lowrange close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI have turned bearish signalling...
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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