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Oct 21 23:59 GMT

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US Session: Orders and Options Watch
Oct 21 14:30 GMT, by ActionForex.com
EUR: The single currency dropped today in European session, bids at 1.2815-20, 1.2800, 1.2780-85, 1.2770, 1.2750 and 1.2725-35 were filled, more buy orders are located at 1.2700, 1.2675-80 and 1.2650. On the upside, offers are lowered to 1.2775-80, 1.2800 and in good size at 1.2840-50, more sell orders are located at 1.2880-90, mixture of offers a...

Technical Outlook

EUR/USD Mid-Day Outlook
Outlook in EUR/USD is unchanged. The recovery from 1.2500 might extend higher. But we'd expect strong resistance from 1... - Oct 21 12:55 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral for the moment. As long as 1.6226 resistance holds, further fall is still expe... - Oct 21 12:52 GMT
USD/CHF Mid-Day Outlook
No change in USD/CHF's outlook. We'd still expect strong support from from 0.9300/9395 support zone to complete the cor... - Oct 21 12:49 GMT
USD/JPY Mid-Day Outlook
USD/JPY faced some resistance from 107.49 and retreated. Intraday bias remains neutral for the moment. Deeper fall cann... - Oct 21 12:43 GMT

Special Reports

Decelerated Chinese Growth Calls For More Easing
Oct 21 09:06 GMT
China's GDP growth exceeded market expectations in 3Q14 but the dataflow for Se...
RBA Reiterated A Period Of Stable Interest Rates
Oct 21 07:33 GMT
The RBA minutes for the October sent little surprise and the message was largel...
Fed's Beige Book Described US Growth As 'Modest to Moderate'
Oct 16 05:38 GMT
The Beige Book prepared by the Minneapolis Fed, covering the period before Octo...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Hold short entered at 0.9480
The greenback has rebounded after holding above minor support at 0.9396, retaining our view that further consolidation would be s... - Oct 21 15:42 GMT
Trade Idea Wrap-up: GBP/USD - Buy at 1.6060 or sell at 1.6220
Although cable has retreated after intra-day rise to 1.6184 and consolidation below this level is seen with mild downside bias fo... - Oct 21 15:34 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Despite intra-day initial rebound to 1.2840, as the single currency has retreated after faltering below indicated resistance at 1... - Oct 21 15:28 GMT
Trade Idea Wrap-up: USD/JPY - Hold long entered at 106.40
The greenback found support at 106.25 and has rebounded, retaining our bullishness and consolidation with upside bias is seen for... - Oct 21 15:23 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound fell again and hit a low of 1.5875 last week, t... - Oct 21 09:43 GMT
USD/CHF Candlesticks and Ichimoku Analysis
Although the greenback slipped last week to as low as 0.9360, as the pair ... - Oct 21 09:38 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency found renewed buying interest just above 1.2600 level ... - Oct 20 10:03 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7980
As the single currency has retreated sharply after rising to 0.8047 last week, suggesting the a leg of the correction from 0.7766... - Oct 21 14:55 GMT
Trade Idea: USD/CAD - Buy at 1.1100
As the greenback has retreated after rising to 1.1366 last week, retaining our view that consolidation below this level would be ... - Oct 21 14:49 GMT
Trade Idea: EUR/JPY - Stand aside
Although the single currency has retreated again after faltering below yesterday's high of 137.01 and consolidation would be seen... - Oct 21 09:35 GMT
Trade Idea: AUD/USD - Sell at 0.8845
Although aussie edged higher after rebounding from 0.8686 and near term upside risk remains for marginal gain, as outlook is stil... - Oct 21 09:30 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Although the British pound slipped again to as low as 1.5875 last wee... - Oct 21 10:59 GMT
GBP/CHF Elliott Wave Analysis
The British pound only recovered to 1.5470 before falling sharply in ... - Oct 21 10:54 GMT
USD/JPY Elliott Wave Analysis
Although the greenback slipped again last week to as low as 105.20, t... - Oct 20 11:09 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Oct 21 23:50 GMT

Action Bias

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

Fundamental Analysis Reports

USD/CAD - Canadian Dollar Strengthens, US Housing Data Jumps
Oct 21 14:34 GMT, by MarketPulse
The Canadian dollar has posted gains on Tuesday, as USD/CAD trades in the low-1.12 range in the North American session. On the release front, it’s a very quiet day, with no Canadian events on t...
AUD/USD - Aussie on the Move Despite Flak From RBA
Oct 21 14:32 GMT, by MarketPulse
The Australian dollar continues to post gains on Tuesday, as AUD/USD is trading above the 0.88 line. On the release front, the RBA minutes said that the Australian dollar was overvalued. Later in the...
EURUSD: Will the Downtrend Resume?
Oct 21 13:31 GMT, by ForexTime
Despite the Eurodollar commencing the European session by moving as high as 1.2839, the pair once again found resistance around 1.2840. Since then, the pair has unexpectedly pulled back by 80 pips an...
Central Banks in View After China Growth Surprise Fails to Lift Markets
Oct 21 11:46 GMT, by MarketPulse
Earlier today China released the official Gross Domestic Product for the third quarter. It came in at 7.3% a slight improvement over the expected 7.2% but still the lowest print since 2009. The gain ...
USD/JPY - Yen Pressing on Greenback Ahead of Japanese Trade Balance
Oct 21 11:45 GMT, by MarketPulse
The Japanese yen is stable on Tuesday, as USD/JPY trades in the high-106 range in the European session. In Japan, All Industries Activities posted another decline, coming in at -0.1%. Later in the da...
Gold Prices Close To 6-Week Highs
Oct 21 11:12 GMT, by MarketPulse
Gold is steady on Tuesday, as the spot price is $1248.16 per ounce in the European session. The metal is trading just shy of $1249.71, which marks a 6-week high. Today’s sole release on the calendar ...
All Daily Fundamental Reports >>

Technical Analysis Reports

NZDUSD: All Eyes on .8000
Oct 21 14:39 GMT, by Forex.com
As my colleague Chris Tedder noted earlier today, the big news in today's Asian session was undoubtedly China's quarterly data dump. The marquee GDP report came out 0.1% better than expected at 7.3% ...
EUR/USD Drops on ECB Bond Buying Report, Downward Trend May Have Resumed
Oct 21 11:48 GMT, by Forex.com
The EUR/USD has dropped sharply in the past hour or so and is in danger of resuming its long-term downward trend. Not only has it come under pressure from technical selling, but there's also some fun...
Forex Technical Analysis
Oct 21 10:29 GMT, by DeltaStock Inc.
Yesterday's slide broke through 106.70 support, reaching local low at 106.23. My outlook here is bullish, for a rise through 106.70, en route to 107.50 and 108.40.
Technical Analysis for Crosses
Oct 21 09:39 GMT, by ICN.com
The pair retested the significant support of intraday trading 172.00, whereas stabilizing above it is the main catalyst to extending the expected upside move for the coming period targeting 173.65 an...
Technical Analysis for Major Currencies
Oct 21 09:38 GMT, by ICN.com
The pair managed to move to the upside above 1.2780 and stabilized above it, as trading above it is positive and could extend the upside move towards 1.3070 later, but the positive outlook should be ...
Today's Market Outlook
Oct 21 08:59 GMT, by Windsor Brokers Ltd
The Euro probes above 1.28 barrier, on a fresh strength, off yesterday's low at 1.2730. Near-term price action continues to trade in choppy consolidation, entrenched within 1.2700/1.2840 range. Posit...
All Daily Technical Reports >>

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Central Bank Analysis
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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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