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May 04 15:32 GMT

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US Session: Orders and Options Watch
May 04 14:04 GMT, by ActionForex.com
EUR: The single currency found support at 1.1470 and recovered, bids are noted at 1.1470 and 1.1445-50, buy orders are reported at 1.1420-25 and 1.1400, buying interest is tipped at 1.1370-75 and 1.1350. On the upside, offers are seen at 1.1530, 1.1550 and 1.1580, sell orders are expected at 1.1600, 1.1620 (stops above) and 1.1650, selling interes...

Technical Outlook

EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains neutral for consolidation below 1.1615 temporary top. Near term outlook stays bullish ... - May 04 13:47 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral for consolidation below 1.4769 temporary top. Near term outlook will stay bull... - May 04 13:44 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains neutral for consolidation above 0.9443. Further fall is still in favor with 97.96 resi... - May 04 13:42 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains neutral as consolidation from 105.54 temporary low continues. Further rise could be se... - May 04 13:15 GMT

Special Reports

Moderation In China's Manufacturing Activities Cast Doubt Over Sustainability Of Growth
May 03 09:30 GMT
China's manufacturing activities in April, both official and Caixin/Markit figu...
RBA Surprisingly Cut Cash Rate To 1.75%
May 03 07:41 GMT
RBA cut the cash rate, by -25 bps, to 1.75% in May, the first adjustment in a y...
BOJ Failed To Take Loan Rates To Negative, Downgrading Growth And Inflation Forecasts
Apr 29 02:44 GMT
Contrary to market expectations of taking interest rates on loans to the negati...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9485
As the greenback staged a strong rebound after yesterday's brief drop to 0.9444, suggesting consolidation above this level would ... - May 04 13:45 GMT
Trade Idea Update: GBP/USD - Sell at 1.4570
As cable has remained under pressure after dropping sharply from 1.4770 (yesterday's high), suggesting top has been formed there ... - May 04 13:44 GMT
Trade Idea Update: EUR/USD - Buy at 1.1430
As the single currency has slipped again after brief recovery to 1.1511, suggesting near term downside risk remains for the retre... - May 04 13:38 GMT
Trade Idea Update: USD/JPY - Buy at 105.85
The greenback staged a strong rebound after falling to 105.55 yesterday, suggesting consolidation above this level would be seen ... - May 04 13:35 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi rose to 0.7054 again yesterday (same level as previous resis... - May 04 10:31 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Aussie met renewed selling interest at 0.7720 yesterday and has dropped ag... - May 04 10:04 GMT
GBP/USD Candlesticks and Ichimoku Analysis
The British pound has surged again and broke above previous resistance at ... - May 03 08:43 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
The single currency has risen again after brief pullback, suggesting near term upside risk remains for the rebound from 0.7735 to... - May 04 14:45 GMT
Trade Idea : USD/CAD - Buy at 1.2700
The greenback has surged again today after yesterday's strong rebound from 1.2461, adding credence to our view that a temporary l... - May 04 14:37 GMT
Trade Idea: EUR/JPY - Sell at 123.95
Although the single currency has retreated after meeting resistance at 123.53, as long as 122.10-15 holds, further consolidation ... - May 04 11:13 GMT
Trade Idea: AUD/USD - Target met and sell again at 0.7555
Aussie met renewed selling interest at 0.7720 yesterday and tumbled on RBA, adding credence to our view that top has been formed ... - May 04 11:09 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/CHF Elliott Wave Analysis
Although the single currency has maintained a firm undertone after st... - May 04 11:58 GMT
AUD/USD Elliott Wave Analysis
Aussie did meet renewed selling interest at 0.7720 and has slipped ag... - May 04 11:48 GMT
GBP/CHF Elliott Wave Analysis
Sterling staged a stronger-than-expected rebound to as high as 1.4215... - May 03 09:47 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: May 04 15:25 GMT

Action Bias

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

Fundamental Analysis Reports

US Trade Deficit Narrowed as Expected in March
May 04 14:31 GMT, by RBC Financial Group
US dollar appreciation and strength in domestic demand relative to subdued growth abroad were responsible for earlier widening in the real trade deficit. While those trends were less prominent in the...
Canada's March Merchandise Trade Deficit Jumps Higher
May 04 14:30 GMT, by RBC Financial Group
The drop in export volumes was disappointing because it added further to the sizeable February drop, although this followed outsized gains during the previous two months. This earlier strength still ...
FX5: Dollars Demise Dismissed For Now
May 04 12:54 GMT, by MarketPulse
Trading yesterday was not for the faint of heart. Global markets were shaken by continued weak growth readings in China and Europe coupled with the Reserve Bank of Australia (RBA) surprise decision t...
NZD/USD – NZ Dollar Slide Continues As Dairy Auction, Jobless Rate Disappoint
May 04 11:20 GMT, by MarketPulse
NZD/USD has posted losses on Wednesday, continuing the downward trend which marked the Tuesday session. The pair is trading slightly below the 0.69 line in the European session. In New Zealand, the D...
Negative Pressure Continues To Push Gold Away From $1300
May 04 10:51 GMT, by ICN.com
Gold resumed its ease from the psychological level of $1300, extending its drop for a third straight session on Wednesday, as the U.S. dollar rebounded from its lowest level since January 2015. The p...
Asian Shares Fall On Global Growth Worries
May 04 09:34 GMT, by ICN.com
Most Asian stocks retreated on Wednesday, withmarkets in Australia, Hong Kong, Singapore and Taiwan bearing the brunt of the selling, after U.S. stocks fell sharply to hit a three-week low overnight ...
All Daily Fundamental Reports >>

Technical Analysis Reports

GBPUSD - Extends Weakness On Corrective Pullback
May 04 11:19 GMT, by FXTechstrategy
GBPUSD - Having GBPUSD following through higher on the back of its Tuesday losses during Wednesday trading session today, further weakness is likely. On the downside, support lies at the 1.4400 level...
AUDUSD Momentum Candle Suggests More Bears To Come
May 04 10:50 GMT, by Admiral Markets
Surprising RBA decision to cut rates on Tuesday made the market tumble. It is clear that RBA is not happy with the current AUD rate so it wants its currency to be weaker. Investors should probably lo...
GBPUSD In A Reversal Towards More Weakness
May 04 09:53 GMT, by Elliott Wave Financial Service
GBPUSD made a nice reversal around 1.4768 level in the last sub-wave 5 of C), in which an ending diagonal was recognized. This is a powerful structure that primarily occurs in the wave 5 position whe...
Forex Technical Analysis
May 04 09:51 GMT, by DeltaStock Inc.
EUR/USD A reversal has been confirmed at 1.1615 and the intraday bias is negative, with a risk of a further slide towards 1.1410. Key intraday resistance lies at 1.1540.
EUR/USD Plunges After Testing 1.16
May 04 09:11 GMT, by Dukascopy Swiss FX Group
First part of Tuesday was distinctly bullish for the Euro, as this currency skyrocketed to another multi-month high above the 1.16 mark. However, as soon as it neared the weekly and monthly R2 resist...
GBP/USD Attempts To Retake 1.46
May 04 09:09 GMT, by Dukascopy Swiss FX Group
The British Pound retreated from its intraday gain on Tuesday, weakened by the UK Manufacturing PMI, with price ultimately closing with a 138-pip loss. Even though technical indicators retain bullish...
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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