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Aug 24 04:45 GMT

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Daily Report: Forex Markets Continue to Tread Water
Aug 24 04:00 GMT, by ActionForex.com
The forex markets continue to trade without a clear direction as markets are awaiting for Fed chair Janet's clue on the timing of the next hike in federal fund rate. Meanwhile, Fed released the minutes of the discount rate meeting in July. The discount rate is the interest rate Fed charges commercial banks for emergency loans. According to the min...

Technical Outlook

USD/JPY Daily Outlook
USD/JPY is staying in consolidation above 99.52 temporary low and intraday bias stays neutral. Also, with 102.64 resist... - Aug 24 04:01 GMT
GBP/USD Mid-Day Outlook
Further rise is mildly in favor in GBP/USD. Consolidation pattern from 1.2794 is probably extending with another rise. ... - Aug 23 13:36 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains neutral for the moment. Outlook stays cautiously bearish with 0.9657 minor resistance ... - Aug 23 13:34 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains neutral for the moment. And, near term outlook stays cautiously bearish with 102.64 re... - Aug 23 13:31 GMT

Special Reports

RBNZ Affirms Further Easing Would Not Be Aggressive
Aug 23 05:53 GMT
RBNZ published a speech, titled 'Monetary policy faces challenges in turbulent ...
ECB Cautioned over Heightened Uncertainty after Brexit
Aug 18 14:17 GMT
In its account of the monetary policy meeting in July, ECB warned that uncertai...
FOMC Minutes Unveiled Divided Views Over Next Rate Hike
Aug 18 04:37 GMT
The FOMC minutes for the July meeting unveiled that members were divided over t...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9575
Dollar's near term sideways trading is likely to continue and although risk of another retreat to the lower Kumo (now at 0.9593) ... - Aug 23 16:03 GMT
Trade Idea Wrap-up: GBP/USD - Buy at 1.3100
As cable has maintained a firm undertone after rallying again from 1.3023, suggesting recent upmove is still in progress and may ... - Aug 23 16:00 GMT
Trade Idea Wrap-up: EUR/USD - Hold short entered at 1.1345
As the single currency has retreated after meeting resistance at 1.1355, retaining our view that further consolidation below last... - Aug 23 15:55 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Dollar's retreat after meeting resistance at 100.93 dampened our near term bullishness and downside risk remains for weakness to ... - Aug 23 15:51 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound did retreat after meeting resistance at 1.3185 ... - Aug 23 09:20 GMT
USD/CHF Candlesticks and Ichimoku Analysis
Dollar's selloff after meeting renewed selling interest at 0.9845 suggests... - Aug 23 08:45 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency rallied after finding renewed buying interest at 1.104... - Aug 22 10:40 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Hold short entered at 0.8670
As the single currency has fallen again after meeting renewed selling interest at 0.8692 on Friday, retaining our view that furth... - Aug 23 15:32 GMT
Trade Idea: USD/CAD - Sell at 1.2995
Although the greenback has retreated after meeting resistance at 1.2965, below 1.2810-15 is needed to signal the rebound from 1.2... - Aug 23 15:28 GMT
Trade Idea: EUR/JPY - Stand aside
Although euro staged a brief bounce to 114.16 yesterday, lack of follow through buying on break of previous resistance at 114.03 ... - Aug 23 09:54 GMT
Trade Idea: AUD/USD - Stand aside
Although aussie has rebounded after finding support at 0.7583 yesterday and near term upside risk is seen for recovery to 0.7680,... - Aug 23 09:45 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Although cable retreated from last week's high of 1.3185, sterling fo... - Aug 23 10:23 GMT
GBP/CHF Elliott Wave Analysis
Although sterling fell marginally to 1.2448 last week, lack of follow... - Aug 23 10:06 GMT
EUR/USD Elliott Wave Analysis
As euro has eased after surging to 1.1366 last week, suggesting conso... - Aug 22 11:51 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Aug 24 04:40 GMT

Action Bias

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

Fundamental Analysis Reports

The Waiting Game : Jackson Hole
Aug 24 02:51 GMT, by MarketPulse
Traders have been reticent overnight with the currency mired in tight ranges. BOJ stimulus talks versus the Fed dovishness outlook: Traders are stuck in limbo, aware that there is some BOJ uncertaint...
Focus On The Euro Crosses
Aug 24 02:09 GMT, by Vantage FX
With Jackson Hole anticipation keeping markets bottled up, traders are turning their attention to the currency crosses for some potential daytrading setups. I'll spare you the rehashed quotes from an...
Pound Rises to 3-Week High as British Manufacturing Report Beats Estimate
Aug 23 12:27 GMT, by MarketPulse
The British pound has posted considerable gains on Tuesday, continuing the upward movement which marked the Monday session. Currently, GBP/USD is trading slightly below the 1.32 line. On the release ...
GBPUSD Continues Recovery While Oil Extends Selling Pressure
Aug 23 11:49 GMT, by ForexTime
The Pound is continuing its recovery phase as the new trading week continues, extending gains from last week following economic data indicating that the EU referendum outcome might not have negativel...
GBPUSD Continues Recovery While Oil Extends Selling Pressure
Aug 23 11:47 GMT, by ForexTime
The Pound is continuing its recovery phase as the new trading week continues, extending gains from last week following economic data indicating that the EU referendum outcome might not have negativel...
Big Dollar Not So Mighty
Aug 23 11:44 GMT, by MarketPulse
With investors reluctant to place large directional bets ahead of the Jackson Hole address by Fed chair Yellen this Friday has asset price moves remaining somewhat contained. Despite this, the 'mi...
All Daily Fundamental Reports >>

Technical Analysis Reports

Market Morning Briefing
Aug 24 03:28 GMT, by Kshitij Consultancy Services
Mixed sentiments prevail in the market and there is lack of directional clarity just now. Important Support and resistance levels need to hold and act strong to give confirmation of further direction...
Daily Technical Analysis
Aug 24 02:50 GMT, by FX Instructor
The EURUSD attempted to push higher yesterday topped at 1.1355 but closed lower at 1.1304. The bias is neutral in nearest term. Immediate support is seen around 1.1270/50. A clear break and daily clo...
DXY: Buck To 100 Soon?
Aug 24 02:12 GMT, by Forex.com
Yesterday we looked at a long-term chart of the EUR/USD and highlighted the fact that the Fibre was testing a key resistance zone in the 1.1320-65 area (old support, underside of a broken bullish tre...
AUDUSD - Daily Kijun-Sen Contained Dips For Now, Downside Will Remain Vulnerable While Daily Tenkan-Sen Caps
Aug 23 10:47 GMT, by Windsor Brokers Ltd
The pair recovered ground and moved back above 0.7600 handle after bearish acceleration was contained by 30SMA/daily Kijun-sen at 0.7590, also 50% of 0.7419/0.7758 upleg. Overall bias remains bullish...
USDJPY Retests 100.00 Support After Bulls Were Capped By Daily Tenkan-Sen
Aug 23 10:46 GMT, by Windsor Brokers Ltd
Recovery attempts stalled just under 101 barrier, capped by daily Tenkan-sen line and subsequent weakness resulted in strong bearish close on Monday. Fresh weakness on Tuesday cracked psychological 1...
DAX: Golden Cross For German Stocks
Aug 23 09:55 GMT, by Forex.com
Bad news is good news for the markets that rely on central banks' support. And so it proved again this morning's as the latest European data disappointed expectations, yet the major stock indices ral...
All Daily Technical Reports >>

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Long Term Forecasts

DAX 6 Month Outlook 2016 H2
Aug 18 14:12 GMT, by MarketPulse
DAX 6 Month Outlook 2016 H2 What impact has Brexit had on Germany? It's still too early to determ...
AUD/USD Australian Dollar 6 Month Outlook 2016 2H
Aug 02 15:28 GMT, by MarketPulse
The RBA seems to be little concerned by Brexit and believes it's far too soon to pass judgment on t...
WTI Crude Oil A Year Ahead - Trends And Expectations 2016
Dec 24 11:45 GMT, by MarketPulse
The second half of 2014 saw a sharp drop in the price of WTI Crude Oil, which had traded at $105 a ...
DAX Year Ahead – Trends And Expectations 2016
Dec 24 11:11 GMT, by MarketPulse
It has been another testing year for the German economy but once again it has shown the kind of str...
British Pound Year Ahead - Brexit To Dominate 2016
Dec 22 12:49 GMT, by MarketPulse
This has been something of a turnaround year for the UK in which unemployment has fallen back to pr...
All Long Term Forecasts >>
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