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Feb 11 08:41 GMT

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Daily Report: Equities Extends Decline With Oil, Yen Firm
Feb 11 03:18 GMT, by ActionForex.com
US equities ended mixed overnight as there was some support on expectations that Fed would delay further rate hike. But worries on growth also persisted. DJIA lost -99.64 pts or -0.62% to close at 15914.74. S&P 500 just ended slightly lower by -0.35 pts or -0.02% to close at 1851.86. Nasdaq, on the other hand, rose 14.83 pts or 0.35% to close ...

Technical Outlook

AUD/USD Daily Outlook
Outlook in AUD/USD is unchanged. Corrective rebound from 0.6826 should have completed at 0.7241 already. Deeper fall sh... - Feb 11 03:31 GMT
USD/CAD Daily Outlook
Intraday bias in USD/CAD remains neutral for the moment. At this point, the pair is staying above 1.3456 resistance tur... - Feb 11 03:29 GMT
EUR/USD Daily Outlook
Intraday bias in EUR/USD stays neutral at this point. Another rise is in favor as long as 1.1086 support holds. Break o... - Feb 11 03:27 GMT
GBP/USD Daily Outlook
Outlook in GBP/USD is unchanged. The rebound from 1.4079 has completed at 1.4667 already. Further fall should be seen f... - Feb 11 03:25 GMT

Special Reports

BOE United Again To Keep Policy Rate On Hold. GDP And Inflation Forecasts Downgraded
Feb 05 06:02 GMT
Joining the more dovish stance of other central banks in the advanced economy, ...
FX 2016: Avoid Illusioned By Near-Term Euro Strength
Feb 04 09:42 GMT
EURUSD has breached the upper boundary of recent trading range. Rather than imp...
RBA Keeps Its Powder Dry, Leaves Door Open For Rate Cut
Feb 02 04:52 GMT
As universally expected, the RBA left the cash rate unchanged at 2% in February...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Sell at 0.9790
As the greenback has fallen again after meeting renewed selling interest at 0.9820 yesterday, suggesting recent major decline fro... - Feb 11 08:36 GMT
Trade Idea: USD/JPY - Stand aside
Although the greenback has fallen again after brief recovery yesterday, loss of near term downward momentum should limit downside... - Feb 11 08:26 GMT
Trade Idea: GBP/USD - Buy at 1.4410
As cable has retreated after faltering below yesterday's high at 1.4579, suggesting consolidation below this level would be seen ... - Feb 11 08:20 GMT
Trade Idea: EUR/USD - Buy at 1.1215
As the single currency found good support at 1.1160 and has staged another strong rebound, suggesting the pullback from 1.1338 ha... - Feb 11 08:08 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although cable's rebound last week turned out to be stronger than expected... - Feb 10 09:26 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback has continued to head south after falling sharply from 1.025... - Feb 10 09:05 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency has finally rallied last week and broke above resistan... - Feb 09 10:56 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.7755
Although the single currency has retreated after rising to 0.7851 yesterday and consolidation below this level would be seen, as ... - Feb 10 14:39 GMT
Trade Idea: USD/CAD - Hold long entered at 1.3785
The greenback has rebounded after finding renewed buying interest at 1.3785, consolidation with mild upside bias remains for anot... - Feb 10 14:26 GMT
Trade Idea: EUR/JPY - Stand aside
Euro's rebound from 128.27 (yesterday's low) turned out to be stronger than expected, dampening our bearishness and further conso... - Feb 10 10:08 GMT
Trade Idea: AUD/USD - Stand aside
Despite falling briefly to 0.6974 yesterday, aussie found good support there and has staged a strong rebound, suggesting the decl... - Feb 10 09:58 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Although the British pound rebounded last week to as high as 1.4669, ... - Feb 10 10:35 GMT
GBP/CHF Elliott Wave Analysis
Sterling met renewed selling interest at 1.4771 earlier this month an... - Feb 10 10:28 GMT
EUR/USD Elliott Wave Analysis
The single currency did hold right at the trendline support and stage... - Feb 09 11:20 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

USD EUR JPY GBP CHF
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Last Updated: Feb 11 08:35 GMT

Action Bias

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

Fundamental Analysis Reports

Short Swing In Play For The Euro
Feb 11 08:02 GMT, by Blackwell Global
The past few days have proved relatively positive for the Euro as the currency has largely benefited from the negative USD sentiment. However, the storm clouds are now gathering over the European ban...
AUD/USD: Aussie Trading Lower This Morning
Feb 11 07:30 GMT, by GCI Financial
The pair is expected to find support at 0.7039, and a fall through could take it to the next support level of 0.6986. The pair is expected to find its first resistance at 0.7150, and a rise through c...
EUR/USD: Euro Trading Higher This Morning
Feb 11 07:29 GMT, by GCI Financial
The pair is expected to find support at 1.1193, and a fall through could take it to the next support level of 1.1097. The pair is expected to find its first resistance at 1.1354, and a rise through c...
GBP/USD: UK GDP Advanced 0.4% In January 2016 Quarter, Indicated The NIESR
Feb 11 07:24 GMT, by GCI Financial
The pair is expected to find support at 1.4461, and a fall through could take it to the next support level of 1.4384. The pair is expected to find its first resistance at 1.4598, and a rise through c...
USD/JPY: Japanese Yen Trading Higher In The Asian Session
Feb 11 07:23 GMT, by GCI Financial
The pair is expected to find support at 111.78, and a fall through could take it to the next support level of 110.83. The pair is expected to find its first resistance at 114.45, and a rise through c...
USD/CHF: Swiss Franc Trading On A Stronger Footing, Ahead Of Switzerland's Inflation Data
Feb 11 06:57 GMT, by GCI Financial
The pair is expected to find support at 0.9677, and a fall through could take it to the next support level of 0.9632. The pair is expected to find its first resistance at 0.9794, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Feb 11 08:09 GMT, by Varengold Bank
The Federal Reserve is unlikely to reverse its plan to raise interest rates further this year, but tighter credit markets, volatile financial markets, and uncertainty over Chinese economic growth hav...
USD/JPY Continues Downtrend, GBP/USD And EUR/USD Show Struggle
Feb 11 07:57 GMT, by Admiral Markets
The EUR/USD made a bullish bounce at the support trend line (green). Price is in bullish territory as long as price stays above that support level. Main target is the resistance line (red).
Daily Technical Outlook And Review
Feb 11 04:08 GMT, by IC Markets
Following Yellen's testimony yesterday, the single currency violently whipsawed through psychological support 1.1200 and rallied back up to the outskirts of psychological resistance 1.1300. we mentio...
Market Morning Briefing
Feb 11 03:38 GMT, by Kshitij Consultancy Services
Fed chair Yellen's comments failed to enthuse Dollar (95.77) for long as the day high of 96.72 was followed by a sharp crash to 95.85 by the end of the day. Euro (1.1283) bounced back equally sharply...
Daily Technical Analysis
Feb 11 03:26 GMT, by FX Instructor
The EURUSD attempted to push lower yesterday, bottomed at 1.1160 but whipsawed to the upside, closed higher at 1.1288 and hit 1.1318 earlier today. The shooting star formation on H1 chart I told you ...
EURUSD - Faces Further Bullish Offensive Short Term
Feb 11 02:34 GMT, by FXTechstrategy
EURUSD - Having taken back all of its intra day losses to close flat on Wednesday and following through higher during Thursday trading session , EURUSD faces further bullish offensive short term. Sup...
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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