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May 22 09:59 GMT

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European Session: Orders and Options Watch
May 22 09:51 GMT, by ActionForex.com
EUR: The single currency has rebounded today and offers at 1.1180 were filled, however, sell orders are still noted at 1.1200, 1.1230 and 1.1250, selling interest is tipped further out at 1.1280 and 1.1300. On the downside, bids are raised to 1.1140-50, 1.1120 and 1.1100, buying interest is located at 1.1080-85, 1.1055-60 and 1.1025-40 area, fresh...

Technical Outlook

EUR/USD Daily Outlook
As long as 1.1215 minor resistance holds, further fall is still expected in EUR/USD. The corrective rebound from 1.0461... - May 22 03:33 GMT
GBP/USD Daily Outlook
GBP/USD is staying in range below 1.5814 and intraday bias remains neutral. More consolidations could still be seen. In... - May 22 03:30 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains neutral for consolidation above 0.9072 temporary low. Another decline is expected as l... - May 22 03:27 GMT
USD/JPY Daily Outlook
USD/JPY retreats today but with 120.58 minor support intact, further rise is still in favor. Sideway pattern from 122.0... - May 22 03:25 GMT

Special Reports

Fed Unveiled Rate Hike In June Unlikely
May 21 03:42 GMT
The FOMC minutes for the April meeting contained little news. Yet, the indicati...
BOE Minutes Warned Of Upside Risks In Housing Market
May 20 11:12 GMT
Delivering little surprise, the BOE minutes for the May showed that policymaker...
RBA Stays Open For Further Easing
May 19 06:37 GMT
RBA minutes for the May meeting unveiled that policymakers had consider reducin...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.9285
As the greenback has retreated after faltering below indicated resistance at 0.9382 (yesterday's high), retaining our view that f... - May 22 08:20 GMT
Trade Idea: GBP/USD - Stand aside
The British pound has maintained a firm undertone after staging a strong rebound yesterday on solid UK data, suggesting the fall ... - May 22 08:13 GMT
Trade Idea: EUR/USD - Sell at 1.1220
As the single currency has rebounded after finding support just above 1.1100, retaining our view that further consolidation above... - May 22 08:07 GMT
Trade Idea: USD/JPY - Buy at 120.40
As the greenback has slipped after meeting resistance at 121.26, retaining our view that further sideways trading below this week... - May 22 07:51 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY - Candlesticks and Ichimoku Analysis
Euro's retreat after rising to 136.96 earlier this week suggests consolida... - May 22 09:13 GMT
USD/CAD - Candlesticks and Ichimoku Analysis
Although the greenback staged a strong rebound since early this week and n... - May 22 08:59 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
Current break of previouos support at 0.7117 adds credence to our view tha... - May 21 09:15 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7230
As the single currency has trader lower after breaking indicated support at 0.7117-23, retaining our view that correction from 0.... - May 21 15:22 GMT
Trade Idea: USD/CAD - Buy at 1.2135
As the greenback has continued to trade with a firm undertone after recent rally, adding credence to our view that a temporary lo... - May 21 15:18 GMT
Trade Idea: EUR/JPY - Buy at 134.50
As the single currency has rebounded again after intra-day brief retreat to 134.22, suggesting low has possibly been formed at 13... - May 21 09:55 GMT
Trade Idea: AUD/USD - Sell at 0.7985
As aussie has remained under pressure after dropping from 0.8163 (last week's high), bearishness remains for this fall to extend ... - May 21 09:48 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
The single currency finally broke below previous support at 0.7117, a... - May 21 10:45 GMT
USD/CAD Elliott Wave Analysis
As the rebound from 1.1920 (last week'slow) turned out to be stronger... - May 21 10:38 GMT
AUD/USD Elliott Wave Analysis
Although aussie did extend the rebound from 0.7533 low in line with o... - May 20 11:25 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: May 22 09:50 GMT

Action Bias

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

Fundamental Analysis Reports

European Market Update: German Economic Data In Sees Shift Towards A More Realistic View From Recent 'Euphoria'
May 22 09:26 GMT, by Trade The News
The FX markets were little changed ahead of extended weekends in both Europe and US. The EUR/USD still contained within recent weekly trading ranges and hovered around 1.1165 just ahead of the NY mor...
Bank Of Japan On Autopilot At Least Until Autumn
May 22 08:28 GMT, by Danske Bank
Bank of Japan (BoJ) as widely expected did not announce any new easing measures in connection with today’s monetary meeting. The target for the annual expansion of the monetary base (the main policy ...
Dollar Rebound Running Into Resistance As US Data Fail To Convince
May 22 08:23 GMT, by KBC Bank
Yesterday, EUR/USD showed some technically inspired intraday swings. At the end of the day, the dollar traded slightly lower against the euro and the yen. This morning, the USD is still in the defens...
Power For The Pound Bulls
May 22 08:13 GMT, by ForexTime
The Pound bulls went on a rampage yesterday, with the GBP punishing the majority of its trading partners following UK retail sales being announced much higher than expected. Aside from inflation risk...
Dollar Lower Amid Poor US Data, Yellen, CPI
May 22 08:11 GMT, by Swissquote Bank SA
The month of April was a disappointment. Despite encouraging housing data on Tuesday, all other indicators point toward a delay in economic recovery as the Philadelphia Fed survey (6.7 versus 8 expec...
China's Manufacturing Activity Continues To Decline In May
May 22 07:52 GMT, by Dukascopy Swiss FX Group
China's manufacturing activity declined for the third consecutive months in May as demand remained weak, fuelling expectations for more stimulus to support the growth in the world's second biggest ec...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex Technical Analysis
May 22 09:34 GMT, by DeltaStock Inc.
EUR/USD The intraday outlook is bullish again, for a break through yesterday's high at 1.1180, en route to 1.1290 major resistance. Initial minor support lies at 1.1100.
Brent Sits At A Technical Juncture
May 22 08:40 GMT, by ThinkForex
The break above $65 saw continued gains to the upper bearish channel. This boundary is another clear line in the sand for bulls and bears. Yesterday's close produced a Morning Star reversal pattern a...
AUDUSD Could Make Corrective Pause Before Continues Much Lower
May 22 08:16 GMT, by Elliott Wave Financial Service
AUDUSD reached new highs last week at 0.8160 where could be the end of a corrective rally from March lows if we consider recent turn down through the lower side of a trading channel, deeply back into...
EUR/USD Fails To Return Back Above 100-Day SMA
May 22 08:06 GMT, by Dukascopy Swiss FX Group
Despite EUR/USD's attempts to return back above the 100-day SMA at 1.1147, the key attention remains on the downside and the closest support level at 1.1013 (weekly S2). This demand is accompanied by...
GBP/USD Attempts To Negate Weekly Losses
May 22 08:05 GMT, by Dukascopy Swiss FX Group
The Sterling appreciated against the US Dollar for the second day yesterday. The British currency almost managed to erase Tuesday's losses, with the session high even stretching out to 1.57. However,...
USD/JPY Falls Beneath 121
May 22 08:02 GMT, by Dukascopy Swiss FX Group
On Thursday, the US Dollar suffered losses, amid worse-than-expected fundamentals. However, the Bollinger band at 121.04 managed to stop the USD/JPY pair from falling too deep. Further weakness is ex...
All Daily Technical Reports >>

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Long Term Forecasts

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...
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...
All Long Term Forecasts >>
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