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US Session: Orders and Options Watch
Jul 22 14:49 GMT, by ActionForex.com
EUR: The single currency met resistance at 1.1041 and has eased, offers are still noted at 1.1050-60, 1.1080 and 1.1100, sell orders are reported at 1.1125-30, 1.1150 and 1.1180, selling interest is tipped at 1.1200, 1.1230 and 1.1250. On the downside, bids are seen at 1.1000, 1.0975-80 and 1.0950, buy orders are expected at 1.0930, 1.0900 (sizeab...

Technical Outlook

EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains neutral as consolidative trading continues. In case of another rise, upside should be ... - Jul 22 12:52 GMT
USD/CHF Mid-Day Outlook
No change in USD/CHF's outlook. With 0.9763 support intact, further rise is still expected. Current rally from 0.9520 w... - Jul 22 12:50 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY stays neutral as it retreated after failing to sustain above 06.78 cluster resistance (61.8% r... - Jul 22 12:48 GMT
GBP/USD Mid-Day Outlook
GBP/USD dips today on worse than expected data but outlook is unchanged. We're still favoring the case that corrective ... - Jul 22 12:46 GMT

Special Reports

ECB Left Rates Unchanged; Discussed about Backstop for NPLs
Jul 21 14:34 GMT
As widely anticipated, ECB left the deposit rate unchanged at -0.4% and the mai...
RBNZ Signals Rate Cut In Near Future
Jul 21 07:26 GMT
RBNZ in its unscheduled 'Economic Update' signaled a rate cut would adopted in ...
PBOC Permits More Renminbi Depreciation
Jul 19 10:59 GMT
PBOC lowers the renminbi fixing rate for a second consecutive day. At 6.6971, C...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea: EUR/USD - Target met and stand aside
Current anticipated selloff adds credence to our bearishness and the breach of indicated support at 1.0971-79 has reinforced our ... - Jul 22 16:08 GMT
Trade Idea Wrap-up: USD/CHF - Stand aside
Although the greenback retreated after rising marginally to 0.9907 yesterday, as dollar has rebounded again after holding above s... - Jul 22 15:41 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.3160
Although cable rose briefly to 1.3291, renewed selling interest emerged there and sterling has dropped sharply from there, sugges... - Jul 22 15:37 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Dollar's recovery after holding above indicated support at 105.42 (yesterday's low) has retained our view that further consolidat... - Jul 22 15:30 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
Although the single currency retreated late last week to 115.50, euro foun... - Jul 22 09:11 GMT
USD/CAD Candlesticks and Ichimoku Analysis
Despite last week's retreat to 1.2861, as the greenback found renewed buyi... - Jul 22 08:50 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
Aussie staged a much stronger-than-expected rebound after early selloff to... - Jul 21 09:57 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Euro's intra-day rebound has retained our view that further sideways trading is in store and recovery to resistance at 0.8427 is ... - Jul 22 15:19 GMT
Trade Idea: USD/CAD - Stand aside
The greenback has surged again after brief pullback to 1.3024 and current break of indicated previous resistance at 1.3144 sugges... - Jul 22 15:11 GMT
Trade Idea: EUR/JPY - Stand aside
Euro's retreat after anticipated rise to 118.47 suggests consolidation below this level would be seen and although price has reco... - Jul 22 10:32 GMT
Trade Idea: AUD/USD - Sell at 0.7555
Aussie's near term sideways trading is likely to continue and although another bounce to 0.7520-30 cannot be ruled out, if our vi... - Jul 22 10:28 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Despite yesterday's marginal rise to 118.47, lack of follow through b... - Jul 22 10:56 GMT
USD/CHF Elliott Wave Analysis
Although the greenback edged higher to 0.9907 yesterday and marginal ... - Jul 22 10:47 GMT
EUR/CAD Elliott Wave Analysis
The single currency has remained confined within familiar range, reta... - Jul 21 11:34 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Jul 22 20:59 GMT

Action Bias

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

Fundamental Analysis Reports

Sterling Slides as Manufacturing, Services PMIs Indicate Contraction
Jul 22 14:19 GMT, by MarketPulse
The British pound has posted sharp losses on Friday and dipped below the 1.32 level. In the North American session, GBP/USD is trading slightly below the 1.32 level. The pair has weakened following s...
Canadian Inflation Smooth on the Surface, Hiding Crosscurrents Underneath
Jul 22 13:42 GMT, by TD Bank Financial Group
Canadian inflation held steady in June at a 1.5% y/y pace. Ditto for the Bank of Canada's core inflation measure, which held at 2.1% (y/y). Not surprisingly given hot housing markets in parts of C...
Canada: Sales Gains Ground in May
Jul 22 13:41 GMT, by TD Bank Financial Group
Canadian retail sales advanced 0.2% in May, with a slight downward revision to the previous month. This month's release came in above the consensus view for a flat print. In volume terms, retail sale...
Pound Slides on Weak PMI Data
Jul 22 11:13 GMT, by MarketPulse
It's been a mixed start to trading on Friday, with PMI data from euro area offering some cause for optimism while the numbers coming from the U.K. provided a much more pessimistic outlook for the man...
USD/JPY - Yen Dips On Soft Japanese Manufacturing Report
Jul 22 11:06 GMT, by MarketPulse
The Japanese yen is showing slight losses on Thursday, as USD/JPY has punched past the 106 line. Currently, USD/JPY is trading at the 106 line. On the economic front, it's a data-light session as we ...
European Market Update: Initial Brexit Impact Indicators Mainly Defy Slowdown
Jul 22 10:11 GMT, by Trade The News
FX markets were little moved overall despite better-than-expected PMI data from Europe. EUR/USD holding steady above 1.10 level after ECB Draghi re-affirmed the wait and see stance on Thursday. GBP d...
All Daily Fundamental Reports >>

Technical Analysis Reports

USDJPY Pared A Part Of Thursday's Losses, Falling Daily Cloud Maintains Pressure
Jul 22 11:05 GMT, by Windsor Brokers Ltd
The pair bounced off yesterday pullback’s low at 105.40, but consolidation phase remains capped under the mid-point of 107.47/105.40 pullback, with near-term technicals in mixed mode, suggesting limi...
Cable Comes Under Pressure As Data Signal Further Brexit Impact
Jul 22 10:29 GMT, by Windsor Brokers Ltd
Cable fell back to the floor of near-term 1.3153/1.3273 range, being hit by weak UK data. Fresh weakness emerged after another failure in attempt to break above near-term congestion and attack initia...
USDJPY In A Temporary Pullback, Possible Support Around 104/105
Jul 22 09:42 GMT, by Elliott Wave Financial Service
USDJPY is trading sharply higher for the last two weeks, so it appears that pair finally found a bottom. On the 4h chart we are looking at bullish leg up from 100.00 area that is looking extended now...
EUR/USD Slightly Surges On Thursday
Jul 22 09:23 GMT, by Dukascopy Swiss FX Group
The Euro was volatile between the levels of 1.1060 and 1.0980 during Thursday's session against the US Dollar. Most of the volatility was cause by the ECB rate decision and the afterwards press confe...
GBP/USD Attempts To Remain Above 1.32
Jul 22 09:22 GMT, by Dukascopy Swiss FX Group
The GBP/USD currency pair remained relatively unchanged yesterday, having inched only 24 pips higher, amid mixed UK fundamental data results. However, the Cable opened on top a relatively strong supp...
USD/JPY On The Edge Of Sustaining More Losses
Jul 22 09:21 GMT, by Dukascopy Swiss FX Group
The Japanese Yen overperformed on Thursday, as the USD/JPY currency pair dropped to the 105.80 level, rather than finding support at 106.00. Nevertheless, the anticipated decline took place, leaving ...
All Daily Technical Reports >>

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Long Term Forecasts

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...
Gold for Bear Market?
Oct 13 13:23 GMT, by Merk Hard Currency Fund
A "bear market" is frequently defined as a decline of at least 20% in the S&P 500 index. Troubl...
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...
All Long Term Forecasts >>
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