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Jul 24 06:13 GMT

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Daily Report: Kiwi Tumbles as RBNZ Signals Pause and Warns of Sharp Fall
Jul 24 03:44 GMT, by ActionForex.com
New Zealand dollar drops sharply today after RBNZ hike OCR by 25bps to 3.50% as expected but signaled a pause. Governor Wheeler noted in the statement that it is prudent that there now be a period of assessment before interest rates adjust further towards a more-neutral level. The comments regarding exchange rate were also seen a bit strong as W...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains on the downside for the moment. Sustained trading below 1.3476 key support will carry ... - Jul 24 04:24 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains on the downside and the correction from 1.7190 should extend lower for 55 days EMA (no... - Jul 24 04:22 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains on the upside for 0.9036 resistance. Break there will confirm resumption of whole rise... - Jul 24 04:19 GMT
USD/JPY Daily Outlook
The choppy decline from 102.79 could extend lower and could break 101.06 support. However, we don't see enough momentum... - Jul 24 04:17 GMT

Special Reports

RBNZ Announced Last Rate Hike Before Pause To Assess Impacts
Jul 24 06:01 GMT
The RBNZ raised the OCR for a 4th consecutive time, by +25 bps to 3.5%, in July...
BOE Minutes Toned Down Rate Hike Speculations
Jul 23 10:13 GMT
Despite rising growth momentum, BOE policymakers remained divided on whether wh...
RBNZ To Tighten Again In July, Might Pause Afterwards
Jul 22 04:14 GMT
Despite recent weak economic data, the RBNZ is expected to raise the OCR by ano...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.8970
As the greenback has moved higher again today after yesterday's rally above indicated resistance at 0.9013, adding credence to ... - Jul 23 16:02 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.7140
The British pound met renewed selling interest at 1.7095 and has fallen again, suggesting the decline from 1.7192 top is still ... - Jul 23 15:59 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.3545
As the single currency has remained under pressure after yesterday's selloff below indicated previous support at 1.3477, adding... - Jul 23 15:56 GMT
Trade Idea Wrap-up: USD/JPY - Sell at 101.70
As the greenback has rebounded again after finding support at 101.32, retaining our view that further consolidation above ind... - Jul 23 15:53 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi resumed recent upmove and rose to as high as 0.8836, the s... - Jul 23 07:33 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Aussie's met renewed selling interest at 0.9457 and has retreated again,... - Jul 23 07:27 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound did find renewed buying interest at 1.7060 last... - Jul 22 06:56 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7815
Although the single currency has fallen again today and near term downside risk remains for recent decline in wave v of iii to ... - Jul 23 15:08 GMT
Trade Idea: USD/CAD - Stand aside
The greenback has remained confined within recent range and the retreat from 1.0794 suggests further consolidation below this l... - Jul 23 15:04 GMT
Trade Idea: EUR/JPY - Sell at 137.35
As the single currency has fallen again after meeting renewed selling interest at 137.34 yesterday, adding credence to our bear... - Jul 23 09:29 GMT
Trade Idea: AUD/USD - Hold short entered at 0.9400
As the Australian dollar has rebounded again today after the release of higher-than-expected CPI data, dampening our bearishnes... - Jul 23 09:22 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
Although aussie has rebounded again after holding above indicated p... - Jul 23 10:30 GMT
EUR/CAD Elliott Wave Analysis
  The single currency met renewed selling interest at 1.4653 last we... - Jul 23 09:59 GMT
GBP/USD Elliott Wave Analysis
As the British pound has retreated after last week's marginal rise to... - Jul 22 08:44 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 24 06:05 GMT

Action Bias

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

China's Manufacturing Data Lifts Investor Sentiment
Jul 24 06:05 GMT, by Forex.com
The strongest reading of Chinese private sector manufacturing PMI in 18 months has given the Australian dollar another boost, following yesterday's rally on the back of stronger than expected Austral...
EUR/USD: IMF Trims US 2014 Growth Forecast
Jul 24 05:27 GMT, by GCI Financial
The pair is expected to find support at 1.3451, and a fall through could take it to the next support level of 1.3442. The pair is expected to find its first resistance at 1.3472, and a rise through c...
GBP/USD: UK Economy Is Gaining Momentum, BoE’s Carney
Jul 24 05:26 GMT, by GCI Financial
The pair is expected to find support at 1.7006, and a fall through could take it to the next support level of 1.6979. The pair is expected to find its first resistance at 1.7078, and a rise through c...
AUD/USD: Aussie On A Higher Footing Following China PMI Data
Jul 24 05:23 GMT, by GCI Financial
The pair is expected to find support at 0.9426, and a fall through could take it to the next support level of 0.9401. The pair is expected to find its first resistance at 0.9477, and a rise through c...
USD/JPY: Yen Nudged Lower This Morning On The Back Of Soft Data From Japan
Jul 24 05:21 GMT, by GCI Financial
The pair is expected to find support at 101.38, and a fall through could take it to the next support level of 101.21. The pair is expected to find its first resistance at 101.67, and a rise through c...
USD/CHF: Swiss France Is Trading Tad Lower This Morning
Jul 24 05:20 GMT, by GCI Financial
The pair is expected to find support at 0.9016, and a fall through could take it to the next support level of 0.9005. The pair is expected to find its first resistance at 0.9035, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily Technical Analysis
Jul 24 04:51 GMT, by FX Instructor
The EURUSD was indecisive yesterday but overall still able to maintain its bearish bias so far. The bias remains bearish in nearest term testing 1.3400. Immediate resistance is seen around 1.3500. A ...
Euro Low As EU Tangles Tougher Russia Sanctions
Jul 24 04:41 GMT, by ZIFX.com
On Wednesday Euro/Dollar traded within narrow 20 pip range. The European currency depreciated from 1.3474 to 1.3451 yesterday, matching the negative money flow sentiment at around -10%, closing the d...
Foreign Exchange Market Commentary
Jul 24 04:22 GMT, by HY Markets
THE EURO closed lower on Wednesday as it extends the decline off this month's high. The midrange close sets the stage for a steady opening when Thursday's night session begins trading. Stochastics an...
Market Morning Briefing
Jul 24 03:28 GMT, by Kshitij Consultancy Services
Euro (1.3459) is sleeping after breaking down below 1.3475 as it trades at an 8 month low. Right now, it is tottering at the monthly trendline support at 1.3450, below which the door to 1.33 and 1.31...
The Daily Forecaster: EURJPY
Jul 24 02:24 GMT, by FX-Forecaster
Price saw a low in the higher support target at 136.35-45. This should now provide a correction higher although the depth is a little difficult to judge. It could be as low as 137.33-43... so do be a...
AUD/USD – Surges To Two Week High Above 0.9460
Jul 24 02:21 GMT, by MarketPulse
In the last 24 hours the AUD/USD has enjoyed a solid period which saw it surge higher through the resistance level at 0.9425 to a two week high, before easing back towards that level in recent hours....
All Daily Technical Reports >>

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Long Term Forecasts

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...
USD/JPY - 2013 In Review
Dec 26 02:31 GMT, by MarketPulse
The Bank of Japan continued its radical monetary program in 2013, and the yen responded with sharp ...
All Long Term Forecasts >>
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