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Sep 23 10:20 GMT

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European Session: Orders and Options Watch
Sep 23 09:30 GMT, by ActionForex.com
EUR: The single currency found support just below 1.2820 yesterday and has rebounded, offers at 1.2875 were filled, however, sell orders are still noted at 1.2885, 1.2900 and 1.2925-30, selling interest should emerge around 1.2950, 1.2975-85 and 1.3000, more offers are tipped further out at 1.3025 (stops above), 1.3035 and 1.3050-60. On the downsi...

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains neural for some consolidations below 180.70 temporary top. Downside of consolidation w... - Sep 23 04:13 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for consolidations below 141.21 temporary top. Downside is expected to be cont... - Sep 23 04:11 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains mildly on the upside for the moment. That breach of 1.4477 resistance affirmed that ch... - Sep 23 04:09 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for consolidations above 0.7809 temporary low. While stronger recovery cannot ... - Sep 23 04:05 GMT

Special Reports

China To Continue To Add Stimulus Despite Finance Minister's Hawkish Comments
Sep 23 09:30 GMT
Comments that Chinese Finance Minister Lou Jiwei made at the G20 meeting damped...
The Aftermath of Scottish Referendum
Sep 20 03:08 GMT
The dust is settled in the Scottish referendum with 55% voted No to independe...
SNB Strengthened Stance To Interfere EURCHF If Inflation Deteriorates Further
Sep 18 11:24 GMT
The SNB intensified the stance that it would use all possible means to combat d...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Hold short entered at 0.9400
Although the greenback edged higher to 0.9421 yesterday, as dollar ran into renewed selling interest there and has retreated, ret... - Sep 23 07:37 GMT
Trade Idea: GBP/USD - Sell at 1.6405
Although the British pound has retreated after meeting resistance around the upper Kumo, near term upside risk remains for the re... - Sep 23 07:33 GMT
Trade Idea: EUR/USD - Stand aside
Despite yesterday's brief fall to 1.2816, the subsequent rebound suggests consolidation above this level would be seen and test o... - Sep 23 07:28 GMT
Trade Idea: USD/JPY - Buy at 108.30
As the greenback has slipped after meeting resistance at 109.19 (twice), retaining our view that further consolidation below last... - Sep 23 07:23 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although cable's rebound from 1.6052 turned out to be stronger than expect... - Sep 23 07:13 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback only eased to 0.9300 (we recommended to buy dollar at 0.9260... - Sep 23 07:11 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency has fallen again after brief recovery to 1.2995 last w... - Sep 22 10:01 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Buy at 139.15
Euro's retreat after last week's rally to 141.23 suggests consolidation below this level would be seen and retracement to 139.15-... - Sep 23 08:48 GMT
Trade Idea: AUD/USD - Hold long entered at 0.8900
As aussie has remained under pressure after resuming recent decline, suggesting near term downside risk remains for the decline f... - Sep 23 08:45 GMT
Trade Idea: EUR/GBP - Sell at 0.7915
Although euro has rebounded after last week's selloff to 0.7810 and consolidation above this level would be seen, reckon upside w... - Sep 22 14:39 GMT
Trade Idea: USD/CAD - Buy at 1.0970
Although the greenback dropped briefly to 1.0887 last week, the pair found decent demand there and has staged a strong rebound, s... - Sep 22 14:34 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
The British pound found good support at 1.6052 and has rebounded in p... - Sep 23 10:09 GMT
GBP/CHF Elliott Wave Analysis
Sterling's rebound from 1.4974 turned out to be much stronger than ex... - Sep 23 09:52 GMT
USD/JPY Elliott Wave Analysis
As the greenback has surged again after brief pullback to 106.81, add... - Sep 22 10:52 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Sep 23 10:15 GMT

Action Bias

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

Fundamental Analysis Reports

EUR/USD - Little Movement On Weak Euro PMIs
Sep 23 09:08 GMT, by MarketPulse
EUR/USD continues to show limited movement this week, as the pair trades in the mid-1.28 range in the Tuesday European session. Taking a look at today's key events, Eurozone PMIs painted a mixed pict...
EUR/USD Touched A Minor Now Low (Once Again)
Sep 23 08:42 GMT, by KBC Bank
Yesterday, global markets were in a slight risk-off modus. This blocks the topside of USD/JPY. Euro weakness keeps the euro on a gradual downward trajectory. Sterling entered calmer waters as the rep...
Weidmann Criticizes ECB Stimulus Decisions As Draghi Confirms Weak Economic Conditions In Eurozone
Sep 23 08:07 GMT, by Dukascopy Swiss FX Group
President of the Bundesbank Jens Weidmann expressed concern about effectivity of the European Central Bank's new support measures, undertaken earlier during the previous week. In particular, he spoke...
U.S. Existing Home Sales Slid, New York Fed President Dudley Says Rates To Depend On Many Factors
Sep 23 08:06 GMT, by Dukascopy Swiss FX Group
Existing home sales in the United States decreased for the first time in last five months, falling by 1.8% in August on a monthly basis to reach 5.05 million. Data for July was revised slightly downw...
Bank Of Canada's Wilkins Admits Rates May Stay Low For Long Time
Sep 23 08:04 GMT, by Dukascopy Swiss FX Group
Deputy Governor of the Bank of Canada, speaking in Toronto on Monday, said that the regulator will most likely keep maintaining interest rates at low level for a prolonged period of time, even when e...
Chinese Manufacturing Grows Despite Concerns
Sep 23 08:03 GMT, by Dukascopy Swiss FX Group
Growth in the manufacturing sector of China is likely to increase in the nearest future, keeping country's economy away from uplifted volatility and downturns on the global market. The benchmark purc...
All Daily Fundamental Reports >>

Technical Analysis Reports

AUDJPY Fell To A New Swing Low
Sep 23 09:49 GMT, by Elliott Wave Financial Service
AUDJPY just fell to a new swing low, but pair may find support for the short-term around 96.00 as decline from 97.90 can be counted in five waves. We know that after every five waves correction follo...
Dollar/Yen Eases Off Six Year Top
Sep 23 09:47 GMT, by ZIFX.com
On Monday Dollar/Yen decreased with almost 55 pips. The currency couple depreciated from 109.24 to 108.66 yesterday, not matching the positive money flow sentiment at above +11%, closing the day at 1...
Technical Analysis for Major Currencies
Sep 23 09:13 GMT, by ICN.com
The pair is still trading below 88.6% correction as showing on graph above. Stability below the mentioned level at 1.2890 keeps the possibility of the downside move. But we notice now that the pair i...
Today's Market Outlook
Sep 23 09:02 GMT, by Windsor Brokers Ltd
The Euro continues to gradually move lower on approach to initial targets at 1.2800, round figure support and more significant 1.2786, Fibonacci 61.8% of 1.2042/1.3992 ascend and higher base of Mar/J...
Cable With Slightly Bullish Start Of The Week
Sep 23 08:23 GMT, by ZIFX.com
On Monday Pound/Dollar increased with 90 pips. The Cable appreciated from 1.6284 to 1.6373 yesterday, in converse with the negative money flow sentiment at under -8%, closing the day at 1.6358. Today...
EUR/USD To Respect Resistance At 1.29
Sep 23 07:43 GMT, by Dukascopy Swiss FX Group
The situation has not developed much since the previous report, and EUR/USD is still considered bearish. The downward-sloping trend-line together with the monthly S2 at 1.29 should keep the bulls at ...
All Daily Technical Reports >>

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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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