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Nov 28 11:58 GMT

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European Session: Orders and Options Watch
Nov 28 09:40 GMT, by ActionForex.com
EUR: The single currency traded lower and bids at 1.2450-60 were filled but buy orders are still noted at 1/2430 and 1.2400-10 with stops building up below 1.2400, more buying interest is expected at 1.2375-85 and 1.2355-60 with stops placed below barrier at 1.2350, fresh demand is tipped at 1.2325-35, 1.2300-10 and 1.2275-80, followed by mixture ...

Technical Outlook

AUD/USD Daily Outlook
No change in AUD/USD's outlook. Recent down trend is still in progress and further decline is expected to 61.8% project... - Nov 28 04:43 GMT
USD/CAD Daily Outlook
Intraday bias in USD/CAD remains neutral for the moment. While bearish divergence condition was seen in daily MACD, the... - Nov 28 04:41 GMT
EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral for the moment. More consolidation could be seen. But with 1.2613 resistance i... - Nov 28 04:17 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. Corrective recovery from 1.5589 short term bottom might extend... - Nov 28 04:13 GMT

Special Reports

EURCHF And Gold Referendum
Nov 26 11:07 GMT
Voters in Switzerland would vote for 'Save our Swiss Gold' initiative on Novemb...
BOJ Divided Over QQE Expansion, October Minutes Show
Nov 25 06:16 GMT
Japanese yen climbed higher against the US dollar and the euro after the releas...
China Watch: PBOC's Surprising Rate Cuts Signal The Beginning Of Easing Cycle
Nov 24 10:49 GMT
The People's Bank of China (PBOC) cut the benchmark 1-year lending rate by -40b...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9635
As the greenback has continued to edge higher after staging a rebound from 0.9595, suggesting the fall from 0.9731 has possibly e... - Nov 28 10:56 GMT
Trade Idea Update: GBP/USD - Sell at 1.5735
The British pound has fallen again after brief recovery, suggesting the fall from 1.5826 top is still in progress and may extend ... - Nov 28 10:54 GMT
Trade Idea Update: EUR/USD - Hold long entered at 1.2445
Although euro's retreat from 1.2532 has kept price under pressure and marginal weakness from here cannot be ruled out, reckon 1.2... - Nov 28 10:51 GMT
Trade Idea Update: USD/JPY - Buy at 117.85
The greenback found renewed buying interest at 117.24 and has rallied, suggesting the correction from 118.98 (last week's high) h... - Nov 28 10:49 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY - Candlesticks and Ichimoku Analysis
Euro's retreat after rising to 149.14 last week suggests a temporary top h... - Nov 28 08:41 GMT
USD/CAD - Candlesticks and Ichimoku Analysis
Despite last week's late fall to 1.1191, the greenback did find renewed bu... - Nov 28 08:33 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has retreated after faltering below resistance at 0... - Nov 27 08:48 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Sell at 148.00
Euro's near term sideways trading is likely to continue and although near term upside risk remains for another bounce to 148.00, ... - Nov 28 09:27 GMT
Trade Idea: AUD/USD - Hold short entered at 0.8600
Aussie did meet renewed selling interest at 0.8615 yesterday and has dropped again, retaining our bearishness for recent decline ... - Nov 28 09:24 GMT
Trade Idea: EUR/GBP - Stand aside
As the single currency has continued to trade defensively after  retreating sharply from 0.8039, suggesting near term downside ri... - Nov 27 15:04 GMT
Trade Idea: USD/CAD - Stand aside
As the greenback has remained confined within narrow range and further sideways trading is in store, near term downside risk is s... - Nov 27 15:00 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Although the single currency has recovered after finding support at 1... - Nov 28 10:40 GMT
USD/CHF Elliott Wave Analysis
Dollar just faltered below previous resistance at 0.9742 and has retr... - Nov 28 10:19 GMT
EUR/GBP Elliott Wave Analysis
Despite staging the anticipated rebound to 0.8039, the subsequent ret... - Nov 27 10:39 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Nov 28 11:50 GMT

Action Bias

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

Fundamental Analysis Reports

USD/CAD – Greenback Rally Continues As 1.14 In Sight
Nov 28 11:17 GMT, by MarketPulse
USD/CAD has posted gains on Friday, as the pair continues to move higher. The Canadian dollar has slumped over Thanksgiving, losing about 150 points since Thursday. USD/CAD is trading just under the ...
OPEC Decision Hits NOK, CAD And RUB
Nov 28 11:04 GMT, by Swissquote Bank SA
OPEC refrained from taking action in November 27th meeting. The 12-country group kept the daily production ceiling unchanged at 30 million barrels, despite calls from some members to adjust productio...
European Market Update: Europe Facing An Uphill Battle To Hit Its Inflation Target
Nov 28 10:37 GMT, by Trade The News
Disinflation remained a key them in both Asia and European session. Dealers note that decline in oil prices, following OPEC would make it even more difficult for central banks in Europe and Japan to ...
Gold Stable In Post-Holiday Trade
Nov 28 10:12 GMT, by MarketPulse
Ahead of the Thanksgiving holiday, the US released a batch of data on Wednesday and the numbers were anything but impressive. Unemployment Claims jumped to 313 thousand, its highest level since mid-S...
EUR/USD – Little Movement As German Retail Sales Climbs
Nov 28 09:58 GMT, by MarketPulse
EUR/USD is showing little movement on Friday, as the pair trades in the mid-1.24 range. On the release front, German Retail Sales posted a strong gain of 1.9%, beating the estimate. French Consumer S...
Dollar Profits From Oil Price Decline
Nov 28 09:08 GMT, by KBC Bank
Low EMU inflation data and a sharp decline of the oil price were the key factors for trading yesterday. The dollar profited across the board even as the gains were moderate. Today, the same factors w...
All Daily Fundamental Reports >>

Technical Analysis Reports

Today's Market Outlook
Nov 28 10:22 GMT, by Windsor Brokers Ltd
The Euro lost traction after failing to sustain gains above pivotal 1.25 barrier, as subsequent two-legged reversal off fresh 1.2530 high, fully retraced the upleg from 1.2440 higher low 26 Nov. Yest...
EUR/USD Consolidates Above Weekly PP
Nov 28 09:52 GMT, by Dukascopy Swiss FX Group
The EUR/USD went down to the levels seen on Tuesday of this week, as the weekly R1 at 1.2532 was able to push the shared currency to the downside. At the moment the cross is hovering just above the w...
GBP/USD Drops Below 1.5750
Nov 28 09:50 GMT, by Dukascopy Swiss FX Group
It seems that a resistance area, represented by monthly S1 and weekly R2 around 1.5810 was strong enough to push the Cable to the south on Thursday. The cross fell below the weekly R1 at 1.5725, but ...
USD/JPY Returns Above 2007 Oct High
Nov 28 09:49 GMT, by Dukascopy Swiss FX Group
After a short-term recovery of the Japanese yen, this currency fell again, as the USD/JPY currency pair returned back to hover above the 2007 Oct high around 118. This year's high is located just bel...
Demand At 0.96 Pushes USD/CHF To Trade Higher
Nov 28 09:47 GMT, by Dukascopy Swiss FX Group
USD/CHF bounced from the major level at 0.96 and inched higher on Thursday, but it is still capped by a resistance at 0.9645, represented by weekly pivot point. Nevertheless, we expect the cross to o...
Technical Analysis for Major Currencies
Nov 28 08:58 GMT, by ICN.com
The pair dropped and failed to stabilize above 1.2500. Breaching again the referred to level and stabilizing above it is required to confirm the downside move targeting 1.2585 and 1.2620. while break...
All Daily Technical Reports >>

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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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