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Nov 21 11:57 GMT

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European Session: Orders and Options Watch
Nov 21 09:00 GMT, by ActionForex.com
EUR: The single currency remained confined in narrow range and further consolidation is in store, buy orders are still noted at 1.2490-1.2510 area, 1.2465-70 and in good size at 1.2440-45 (stops below), more bids are reported at 1.2420-30 with stops building up below 1.2390, buying interest is noted at 1.2375-80 and 1.2355-60 with more stops place...

Technical Outlook

GBP/JPY Daily Outlook
Further rise is still expected in GBP/JPY even though upside momentum is not too convincing. Current rally would target... - Nov 21 08:54 GMT
EUR/JPY Daily Outlook
A temporary top is in place at 149.13 and intraday bias is turned neutral first. Further rally remains in favor and abo... - Nov 21 08:50 GMT
EUR/AUD Daily Outlook
No change in EUR/AUD's outlook. Break of 1.4704 is needed to confirm resumption of rebound from 1.3792. Otherwise, near... - Nov 21 08:44 GMT
EUR/GBP Daily Outlook
With 0.7954 minor support intact, further rise is still expected in EUR/GBP for 0.8065 key near term resistance. Decisi... - Nov 21 08:43 GMT

Special Reports

Fed Sees Inflation Target within Reach, Impacts of Overseas Slowdown Limited
Nov 20 06:06 GMT
The FOMC minutes for the October meeting suggested that policymakers remained c...
BOE Minutes Showed Splits among Those Favored Keeping Rates Unchanged
Nov 19 13:04 GMT
The BOE minutes for the November meeting showed that the members voted 7-2 to k...
RBA Raised Concerns Over Housing Markets, Both At Home And In China
Nov 18 05:16 GMT
The RBA minutes for the November meeting contained few surprises. Policymakers ...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9620
As the greenback has staged a strong rebound after dovish comments from ECB's Draghi, suggesting the correction from 0.9742 top h... - Nov 21 11:36 GMT
Trade Idea Update: GBP/USD - Stopped profit and stand aside
Despite yesterday's rebound to 1.5737, lack of follow through buying on break of previous resistance at 1.5736 and current euro-l... - Nov 21 11:31 GMT
Trade Idea Update: EUR/USD - Sell at 1.2490
Current selloff below indicated level at 1.2500 on dovish comments from ECB's Draghi suggests correction from recent low of 1.235... - Nov 21 11:27 GMT
Trade Idea Update: USD/JPY - Hold long entered at 117.50
The greenback slipped again after meeting resistance at the Kijun-Sen, suggesting further consolidation would be seen, however, r... - Nov 21 11:21 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
The single currency finally retreated after rising to 149.14 yesterday and... - Nov 21 09:36 GMT
USD/CAD Candlesticks and Ichimoku Analysis
The greenback traded in relatively narrow range after retreating from rece... - Nov 21 09:04 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
The single currency staged the anticipated rebound to 0.8039, our long pos... - Nov 20 09:46 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Stand aside
Despite yesterday's rise to 149.14, the subsequent retreat suggest the wave v as well as larger degree wave iii has possibly ende... - Nov 21 08:49 GMT
Trade Idea: AUD/USD - Stand aside
Although aussie fell to 0.8566 yesterday, as the pair has rebounded after holding above indicated support at 0.8541, suggesting c... - Nov 21 08:39 GMT
Trade Idea: EUR/GBP - Buy at 0.7940
As the single currency has retreated after rising to 0.8039 yesterday, retaining our view that minor consolidation below previous... - Nov 20 14:44 GMT
Trade Idea: USD/CAD - Hold long entered at 1.1260
Although the greenback has retreated after meeting resistance at 1.1369 earlier today, as long as indicated support at 1.1260 (th... - Nov 20 14:38 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
The single currency has finally retreated after rising to 149.14 yest... - Nov 21 11:12 GMT
USD/CHF Elliott Wave Analysis
Despite retreating to 0.9531, as the greenback found renewed buying i... - Nov 21 11:02 GMT
EUR/GBP Elliott Wave Analysis
The single currency found good support at 0.7799 and has staged the a... - Nov 20 10:10 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Nov 21 11:50 GMT

Action Bias

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

Fundamental Analysis Reports

Frantic Friday: China Cuts Interest Rates
Nov 21 11:38 GMT, by MarketPulse
China cut its benchmark interest rates for the first time in more than two years this morning to lower borrowing costs and lift a cooling economy that is on track for its slackest annual growth in ov...
Major Forex Banks Penalised Over Manipulations: Key Takeaways For Retail Traders
Nov 21 11:01 GMT, by Admiral Markets
As we could all witness on major financial publication there have been some major stop hunts and grabbers last couple of months. What may come as a surprise to the majority, comes as no surprise for ...
Unusual Activity In EUR/CHF As EUR Slides
Nov 21 10:49 GMT, by Swissquote Bank SA
The quiet FX markets were interrupted by ECB President Draghi’s press conference this morning, in the European Banking Congress. Mario Draghi mentioned that some inflation expectations are excessivel...
European Market Update: ECB's Draghi Hints At Possible QE To Address Chronic Low Inflation
Nov 21 10:37 GMT, by Trade The News
ECB chief Draghi's renewed concern over inflation and potential to act led the Euro lower in the session. Draghi stressed that large asset purchases in the US, Japan led to exchange rate depreciation...
US Equities Hit Record Highs
Nov 21 09:27 GMT, by Easy Forex
The euro (EUR) remains above 1.2500 and formed its resistance at 1.2575 against the US dollar (USD). The euro erased part of its losses after the FOMC meeting minutes on Wednesday as policy makers ar...
Quiet FX, Rumors Of SNB Intervention
Nov 21 08:42 GMT, by Swissquote Bank SA
The Japan Diet is dissolved, preparations for December snap elections will now make the new headlines. Amid the aggressive Yen sell-off, the Japan Finance Minister Aso warned that high volatility in ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex Technical Analysis
Nov 21 10:21 GMT, by DeltaStock Inc.
Current pullback after 118.96 high should be considered corrective, preceding and advance towards 120.00 sentiment area. Trigger on the upside is 108.30 and major support is seen at 107.04.
USDJPY Elliott Wave Analysis: Wave 5 In Progress
Nov 21 09:44 GMT, by Elliott Wave Financial Service
USDJPY has reached levels around 119 in this week so we see pair forming an extended structure, now in wave 5 that needs to be made by five waves. For now that is still not the case from 115.45 wave ...
Technical Analysis for Major Currencies
Nov 21 09:39 GMT, by ICN.com
The pair is still trading within a tight range, as breaching 1.2585 and stabilizing above it favors extending the upside move targeting 1.2635 and 1.2680. Trading above 1.2555 is positive and support...
Technical Analysis for Crosses
Nov 21 09:38 GMT, by ICN.com
The pair retested the strong support 184.40 and is supporting the expected bullish extension on the short term, waiting to move towards 187.05 then 188.80. Linear Regression Indicators are still posi...
EUR/USD Stays Unchanged Below 1.2580
Nov 21 09:08 GMT, by Dukascopy Swiss FX Group
On Thursday the EUR/USD currency pair hovered in the range between major level at 1.25 and the closest resistance line, still represented by the weekly R1 at 1.2580. Despite changes in perceptions of...
GBP/USD Refuses To Cross Weekly PP
Nov 21 09:08 GMT, by Dukascopy Swiss FX Group
GBP/USD rose in value during last 24 hours; however, the pair refused to breach a resistance at 1.5733 and returned back below the 1.57 major level. It seems that a significant bearish pressure conti...
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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