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Sep 22 14:10 GMT

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Mid-Day Report: Markets Consolidate in Quiet Trading
Sep 22 14:07 GMT, by ActionForex.com
The forex markets are rather quite today and no inspiration was provided by the light economic calendar. Eurozone consumer confidence deteriorated to -11 in September. US existing home sales dropped to 5.05m annualized rate in August. Both triggered no reactions from the markets. After the roller coaster rides last week, markets would probably hav...

Technical Outlook

EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains on the downside for the moment. Current decline from 1.3993 will target 1.2755 key sup... - Sep 22 13:43 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral for the moment. Rebound from 1.6051 is viewed as a corrective move for the mom... - Sep 22 13:41 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains neutral for some more consolidations below 0.9432 temporary top. As long as 0.9300 sup... - Sep 22 13:39 GMT
USD/JPY Mid-Day Outlook
No change in USD/JPY's outlook. With 107.39 minor support intact, further rise is still expected. Current up trend shou... - Sep 22 13:37 GMT

Special Reports

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...
FOMC Left 'Considerable Time' Language But Generally Viewed As More Hawkish
Sep 18 02:54 GMT
Market reactions suggested that investors viewed the September FOMC meeting as ...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Hold short entered at 0.9400
Although the greenback staged a strong rebound after finding support at 0.9332 last week, if our view that top is possibly formed... - Sep 22 13:04 GMT
Trade Idea Update: GBP/USD - Stand aside
Despite last week's rally to 1.6525, the subsequent sharp retreat suggests a temporary top has possibly been formed there and con... - Sep 22 13:01 GMT
Trade Idea Update: EUR/USD - Stand aside
Despite last week's resumption of decline to 1.2826, lack of follow through selling on break of previous support at 1.2835 and cu... - Sep 22 12:56 GMT
Trade Idea Update: USD/JPY - Buy at 108.30
Although the greenback retreated after rising to 109.46 late last week and consolidation below this level would be seen, reckon d... - Sep 22 12:54 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

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
USD/JPY Candlesticks and Ichimoku Analysis
The greenback only eased to 106.81 before finding renewed buying interest ... - Sep 22 09:44 GMT
EUR/JPY Candlesticks and Ichimoku Analysis
The single currency only eased to 138.47 before heading north again and re... - Sep 19 10:20 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Buy at 139.15
Although the single currency surged to as high as 141.23, the subsequent sharp retreat suggests consolidation below there would b... - Sep 22 08:42 GMT
Trade Idea: AUD/USD - Buy at 0.8900
As aussie has continued to head south after recent selloff, suggesting near term downside risk remains for the decline from 0.950... - Sep 22 08:33 GMT
Trade Idea: EUR/GBP - Sell at 0.7915
As euro has recovered after falling to 0.7810, suggesting consolidation above this level would be seen and recovery to 0.7895-00 ... - Sep 19 14:25 GMT
Trade Idea: USD/CAD - Stand aside
Despite rising to 1.1099, the subsequent stronger-than-expected retreat dampened our bullishness and suggests top has possibly be... - Sep 19 14:20 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
As the greenback has surged again after brief pullback to 106.81, add... - Sep 22 10:52 GMT
EUR/USD Elliott Wave Analysis
The single currency has fallen again after meeting renewed selling in... - Sep 22 10:38 GMT
EUR/JPY Elliott Wave Analysis
Although the single currency surged to as high as 141.23 today, the q... - Sep 19 10:57 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Sep 22 14:05 GMT

Action Bias

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

AUD/USD - Slide Continues as Aussie Dips Below 89
Sep 22 13:01 GMT, by MarketPulse
The Australian dollar continues to head south on Monday, as AUD/USD trades in the high-0.88 range late in the European session. The Aussie has been in free fall in September, giving up about 450 poin...
Possibly A Range-Bound Week Ahead
Sep 22 12:27 GMT, by Admiral Markets
Last week, the overall US Dollar index (I.USDX), which measures the US Dollar performance against other major currencies, posted yet another week of gains on the back of FOMC meeting. The FOMC econom...
USD/JPY - Weak Yen Struggling at 109
Sep 22 11:49 GMT, by MarketPulse
The Japanese yen continues to struggle, as USD/JPY lost about 170 points last week. The pair is trading just above the 109 line in Monday's European session, as the yen trades at its lowest level in ...
Chinese Worries Deflate Markets
Sep 22 11:47 GMT, by MarketPulse
Concerns regarding Chinese growth are looking most likely to dominate capital markets this week, especially now that the Scottish issue appears to be on hiatus for the immediate future. Already, both...
Gold Under Pressure, Tests Support At 1210
Sep 22 10:54 GMT, by MarketPulse
Gold has edged lower to start off the week, with a spot price of $1212.88 per ounce in Monday's European session. The metal is having trouble finding its footing against the US dollar, and has posted...
EUR/USD – Shaky Euro Trading Close To 14-Month Lows
Sep 22 10:50 GMT, by MarketPulse
EUR/USD is stable on Monday, as the pair trades in the mid-1.28 range in the European session. The euro had a bad week and lost about 130 points, as the currency finds itself close to 14-month lows a...
All Daily Fundamental Reports >>

Technical Analysis Reports

AUDUSD Turns Negative for the Year on China Concerns
Sep 22 13:47 GMT, by Forex.com
It's been another quiet start to the trading week, with by far the most interesting move developing in the AUDUSD. Just two weeks ago, we highlighted the big Head-and-Shoulders pattern on the pair, c...
Silver Hits Lowest Since July 2010, But is the Selling Overdone?
Sep 22 11:51 GMT, by Forex.com
Precious metals have extended their losses overnight, pressured by the lack of investment demand due to the still-buoyant equities, low and stable inflation in the major economies and of course the s...
Technical Analysis for Major Currencies
Sep 22 09:34 GMT, by ICN.com
EURUSD pair continued with the downside move that reached below 88.6% correction at 1.2885 showing on graph which favors extending bearishness to test the previous bottom 1.2745. The support 1.2785 i...
Technical Analysis for Crosses
Sep 22 09:33 GMT, by ICN.com
After consolidating above 61.8% correction, the pair rushed sharply to the upside attempting to bring the overall upside move back, and confirm it by breaching the resistance of the downside move sho...
AUDUSD Towards More Downside
Sep 22 09:15 GMT, by Elliott Wave Financial Service
AUDUSD is back at the lows after recently completed sharp corrective wave (ii) at 0.9111 figure that now represents a new short-term critical level. We expect more downside, possibly within a wave (i...
Forex Technical Analysis
Sep 22 08:42 GMT, by DeltaStock Inc.
Current intraday rebound above 1.2825 should be considered corrective, preceding next wave downwards, to 1.2750 major support. Initial intraday resistance lies at 1.2896, followed by the crucial zone...
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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