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Apr 24 12:14 GMT

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European Session: Orders and Options Watch
Apr 24 09:12 GMT, by ActionForex.com
EUR: The single currency continued to find support just above 1.3810 and has rebounded in European morning, offers at 1.3840 were filled, however, sell orders remain at 1.3850-55, 1.3870 and 1.3890-00 (stops above figure), fresh offers are expected at 1.3920 and 1.3945-50. On the downside, bids in good size are still noted at 1.3800-10 (stops belo...

Technical Outlook

GBP/JPY Daily Outlook
The breach of 171.45 minor support suggest that the rebound from 169.50 is completed at 172.78 already. Intraday bias i... - Apr 24 03:49 GMT
EUR/JPY Daily Outlook
EUR/JPY continues to stay in range of 139.95/143.78. Intraday bias stays neutral and outlook is unchanged too. Price ac... - Apr 24 03:45 GMT
EUR/GBP Daily Outlook
A temporary low is formed at 0.8197 and intraday bias is turned neutral first. Recent development is quite mixed. But w... - Apr 24 03:23 GMT
EUR/AUD Daily Outlook
As long as 1.4964 resistance holds, near term outlook in EUR/AUD stays bearish and another fall is still expected. Belo... - Apr 24 03:18 GMT

Special Reports

RBNZ Raised OCR For Second Consecutive Month
Apr 24 03:58 GMT
The RBNZ raised the OCR for a second consecutive time by +25 bps to 3% in April...
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...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Stand aside
Despite yesterday's brief fall to 0.8807, lack of follow through selling and the subsequent rebound suggest consolidation would... - Apr 24 10:44 GMT
Trade Idea Update: GBP/USD - Hold short entered at 1.6795
Although cable has rebounded after falling to 1.6763 yesterday, reckon the Ichimoku cloud (now at 1.6813-22) would limit upside... - Apr 24 10:42 GMT
Trade Idea Update: EUR/USD - Hold long entered at 1.3825
Although the single currency retreated after yesterday's rise to 1.3855, as the Ichimoku cloud contained euro's downside, retai... - Apr 24 10:39 GMT
Trade Idea Update: USD/JPY - Hold short entered at 102.40
Although the greenback rebounded after falling to 102.17 yesterday, as the Ichimoku cloud capped dollar's upside, retaining our... - Apr 24 10:28 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
Although the single currency fell again after meeting renewed selling in... - Apr 24 07:27 GMT
EUR/CHF - Candlesticks and Ichimoku Analysis
Although the single currency retreated after meeting strong resistance a... - Apr 24 07:13 GMT
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
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Sell at 142.20
Euro's near term sideways trading is expected to continue and although near term upside risk remains for the rebound from 140.0... - Apr 24 09:19 GMT
Trade Idea: AUD/USD - Buy at 0.9215
As aussie has remained under pressure after yesterday's selloff, retaining our view that temporary top has been formed at 0.946... - Apr 24 09:16 GMT
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
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
Despite this week's fall to 0.8198, as long as indicated support at... - Apr 24 10:15 GMT
USD/CAD Elliott Wave Analysis
Although the greenback edged higher after rebounding from this mont... - Apr 24 09:57 GMT
GBP/USD Elliott Wave Analysis
Despite rising to 1.6820 last week, as the British pound has retrea... - Apr 23 10:07 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Apr 24 12:05 GMT

Action Bias

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

Fundamental Analysis Reports

Gold Under Pressure Ahead of Key US Employment, Manufacturing Data
Apr 24 12:10 GMT, by MarketPulse
Gold prices has posted losses in Thursday trading, as the metal trades at $1272 in the European session. On the release front, there are two major events on the schedule - US Unemployment Claims and ...
Gold Prices Heading For Second Weekly Loss
Apr 24 11:07 GMT, by Admiral Markets
Improved economic indicators from US and weaker physical as well as investment demand forces gold prices to head towards another weekly loss; though, the yellow metal is still on the positive side wh...
German Ifo Expectations Confirm Strong Growth Outlook
Apr 24 10:59 GMT, by Danske Bank
German ifo expectations were stronger than expected and increased to 107.3 in April from 106.4 in March (consensus 105.8, DBM 104.0). The current assessment component was almost unchanged at 115.3 (c...
EUR Steady After Volatility Drops To A Multi-Year Low
Apr 24 10:50 GMT, by Forex.com
The FX market has failed to grab the headlines of late as stocks and earnings season hog the limelight. However, some interesting developments are taking place that are worth noting. In EURUSD two ke...
EUR/USD - Euro Firm As German Business Climate Shines
Apr 24 10:47 GMT, by MarketPulse
The euro continues to point upwards, as EUR/USD trades in the low-1.38 range in Thursday trade. The euro got a helping hand from German Ifo Business Climate, which beat the estimate. Later in the day...
Euro Little Changed After Draghi Comments, IFO Survey Supports Gains
Apr 24 10:06 GMT, by ICN.com
Euro was little changed in Europe Thursday, swinging between losses and gains after falling to session low as European Central Bank President, Mario Draghi, warns of stronger euro. ECB's Chief Mario ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex Technical Analysis
Apr 24 10:10 GMT, by DeltaStock Inc.
Yesterday's rise failed to break beyond 1.3863 resistance and the intraday bias is slightly bearish, risking one more downswing to 1.3780 support area. On the mid-frames the outlook remains positive,...
Dollar/Yen Lags, Reflecting U.S. Stocks Dip
Apr 24 09:35 GMT, by ZIFX.com
On Wednesday Dollar/Yen decreased with 50 pips. The currency couple depreciated from 102.70 to 102.16 yesterday, matching the negative money flow sentiment at under -11%, closing the day at 102.50. T...
Technical Analysis for Major Currencies
Apr 24 08:37 GMT, by ICN.com
The pair failed to breach 1.3850 and stabilize above it yesterday weakening the upside move. By examening RSI 14, we notice slight weakness despite that its still stable above line 50, as Stochastic ...
Technical Analysis for Crosses
Apr 24 08:37 GMT, by ICN.com
The pair maintains stability around SMA 50 and 100, while Stochastic is providing a clear positive signal over four-hour interval supporting extending the upside move in the upcoming period, as it in...
Today's Market Outlook
Apr 24 08:20 GMT, by Windsor Brokers Ltd
Side way trend dominates the picture yet for anotherweek, the single currency bounced from 1.3780 zone towards 1.3860 and droppedagain. Any break above 1.3860 would open the uptrend towards 1.3940 an...
Cable Descends After BoE Disappoints
Apr 24 07:44 GMT, by ZIFX.com
On Wednesday Pound/Dollar decreased with 75 pips. The Cable depreciated from 1.6837 to 1.6760 yesterday, in converse with the positive money flow sentiment at nearly +8%, closing the day at 1.6778. T...
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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