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Apr 23 17:10 GMT

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US Session: Orders and Options Watch
Apr 23 14:40 GMT, by ActionForex.com
EUR: The single currency retreated after intra-day rise to 1.3855 but bids are still noted at 1.3820 and in good size at 1.3800 (stops below), more buy orders are reported at 1.3775-85 and 1.3750 (stops below), fresh demand should emerge around 1.3725 and further out at 1.3700. On the upside, offers remain at 1.3855, 1.3870 and 1.3890-00 (stops ab...

Technical Outlook

EUR/USD Mid-Day Outlook
EUR/USD recovers strongly ahead of 1.3779 minor support but stays below 1.3905 temporary top. Intraday bias remains neu... - Apr 23 13:20 GMT
GBP/USD Mid-Day Outlook
GBP/USD faced strong resistance from 1.6841 temporary top and retreated again. Intraday bias remains neutral first. Nea... - Apr 23 13:14 GMT
USD/CHF Mid-Day Outlook
USD/CHF drops sharply from 0.8861 but stays above 0.8777 minor support for the moment. Intraday bias is neutral first. ... - Apr 23 13:11 GMT
USD/JPY Mid-Day Outlook
USD/JPY's fall from 102.72 accelerates lower today but stays above 102.02 minor support and intraday bias is neutral fi... - Apr 23 12:44 GMT

Special Reports

Downside Surprise of Australian Inflation Gives RBA More Flexibility to Stay Neutral
Apr 23 13:21 GMT
Australia's headline CPI decelerated to +0.6% q/q in 1Q14 from +0.8% in the pre...
BOE Remains Split On Economic Slack Despite Recovery
Apr 23 10:20 GMT
The BOE minutes for the April meeting unveiled that policymakers generally agre...
BOC Stands On The Sideline, Warned Of Risks Of Low Inflation
Apr 17 05:20 GMT
As widely anticipated, the BOC left the policy rate unchanged at 1%. Policymake...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: GBP/USD - Sell at 1.6795
Cable's intra-day selloff after faltering below last week's high of 1.6842 together with the break of support at 1.6774 suggest... - Apr 23 15:52 GMT
Trade Idea Wrap-up: EUR/USD - Hold long entered at 1.3825
As the single currency has retreated after intra-day rise to 1.3855, suggesting caution on our long position entered at 1.3825 ... - Apr 23 15:47 GMT
Trade Idea Wrap-up: USD/JPY - Hold short entered at 102.40
As the greenback met renewed selling interest just below this week's high of 102.73 and has retreated, suggesting top is possib... - Apr 23 15:42 GMT
Trade Idea Wrap-up: USD/CHF - Stand aside
Despite intra-day brief fall to 0.8807, lack of follow through selling suggests consolidation would be seen and recovery to the... - Apr 23 15:35 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
The British pound found renewed buying interest at 1.6660 last week and ha... - Apr 23 08:28 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback found renewed buying interest at 0.8778 late last week and h... - Apr 23 08:24 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency opened lower last week and a potential evening doji be... - Apr 22 09:42 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.8220
As the single currency has staged a strong rebound after falling to 0.8198 yesterday (just held above previous support at 0.819... - Apr 23 14:56 GMT
Trade Idea: USD/CAD - Exit long entered at 1.0890
As the greenback has risen again after brief retreat to 1.1001 yesterday, bullishness remains for the rebound from 1.0858 low t... - Apr 23 14:48 GMT
Trade Idea: EUR/JPY - Sell at 142.20
The single currency edged higher again today, retaining our view that near term upside risk remains for the rebound from 140.08... - Apr 23 09:54 GMT
Trade Idea: AUD/USD - Buy at 0.9215
Aussie met renewed selling interest at 0.9378 yesterday and has dropped quite sharply today, retaining our view that temporary ... - Apr 23 09:50 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Despite rising to 1.6820 last week, as the British pound has retrea... - Apr 23 10:07 GMT
GBP/JPY Elliott Wave Analysis
The British pound did find renewed buying interest at 169.50 as sug... - Apr 23 10:04 GMT
USD/JPY Elliott Wave Analysis
Although the greenback continued to edge higher after rebounding from... - Apr 22 10:18 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Apr 23 17:05 GMT

Action Bias

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

Fundamental Analysis Reports

USD/CAD - Flat As Canadian Retail Sales Slip
Apr 23 15:18 GMT, by MarketPulse
The Canadian dollar continues to have an uneventful week as USD/CAD trades in the mid-1.10 range in Wednesday's North American session. Canadian retail sales numbers dropped in March, but did matched...
US New Home Sales Plunged in March to an Eight-Month Low
Apr 23 15:15 GMT, by RBC Financial Group
Sales of new single-family homes in the US fell 14.5% to an annualized 384,000 units in March 2014, which was the lowest level of sales since July 2013. On a positive note, sales were revised upward ...
Canadian Retail Sales Rise again in February
Apr 23 15:14 GMT, by RBC Financial Group
Nominal retail sales in February 2013 rose an expected 0.5% in the month. This built further onto a 0.9% jump in January although represented a downward revision from a previously estimated increase ...
GBP/USD - Pound Dips After BOE Minutes
Apr 23 14:52 GMT, by MarketPulse
GBP/USD has reversed directions on Wednesday, dipping below the 1.68 line. In UK releases, the BOE minutes from its last policy meeting pointed to disagreements over the economy. Public Sector Net Bo...
AUD/USD - Aussie Tumbles On Disappointing CPI
Apr 23 13:55 GMT, by MarketPulse
AUD/USD has registered sharp drops on Wednesday, as the pair trades in the mid-0.92 range early in the North American session. The Aussie has lost about 100 points following a weak Australian CPI rel...
S&P Testing Key Resistance Level; Break above Could See Index Hit Fresh All-Time Highs
Apr 23 13:38 GMT, by Forex.com
The S&P 500 looks set to open lower today. Given that this morning's earnings results have been mostly better than expected and the fact that there was some mixed-bag data from Asia and Europe ov...
All Daily Fundamental Reports >>

Technical Analysis Reports

EUR/AUD Major Beneficiary of Wednesday's Data Releases; More Gains Possible
Apr 23 15:12 GMT, by Forex.com
The results of the April eurozone purchasing managers' indices surveys were released this morning and on balance they have been better than expected. The headline eurozone services sector PMI rose to...
Dow Jones - Technical Outlook
Apr 23 13:40 GMT, by Admiral Markets
On Tuesday, the Dow Jones Industrial Average (DJIA30) closed off session highs but still managed to rise by 65 points, extending its gains from the previous week. In doing so the index nearly tested ...
USDJPY - Sells Off, Target Additional Weakness
Apr 23 11:10 GMT, by FXTechstrategy
USDJPY - With USDJPY breaking out of consolidation to the downside, there is risk of further weakness. Support lies at the 102.00 level with a breach of here targeting the 101.32 level where a violat...
Forex Technical Analysis
Apr 23 11:00 GMT, by DeltaStock Inc.
Although the pair is till capped below 1.3836 dynamic resistance and the downtrend from 1.3904 is intact, my outlook is bullish, for a break trough the crucial resistance at 1.3863, en route to 1.396...
Dollar/Yen Strength Ebbs On Steady Euro Zone PMIs
Apr 23 10:18 GMT, by ZIFX.com
On Tuesday Dollar/Yen traded within narrow 30 pip range. The currency couple depreciated from 102.73 to 102.40 yesterday, matching the negative money flow sentiment at nearly -10%, closing the day at...
Technical Analysis for Major Currencies
Apr 23 09:30 GMT, by ICN.com
The pair is trading weakly as the technical catalysts didn't change since yesterday, whereas the pair is stable above 38.2% correction at 1.3780 levels showing on graph. Stability above the referred ...
All Daily Technical Reports >>

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Long Term Forecasts

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 ...
GBP/USD - 2013 In Review
Dec 26 02:30 GMT, by MarketPulse
The Bank of England revised its growth forecast for 2013 to 1.6%, up from 1.4% in a previous foreca...
EUR/USD - 2013 in Review
Dec 25 13:46 GMT, by MarketPulse
The ECB is expecting better news in 2014, with the Eurozone economy expected to post growth of 1%. ...
All Long Term Forecasts >>
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