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Sep 22 08:09 GMT

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Daily Report: Aussie Down in Steady Markets
Sep 22 07:55 GMT, by ActionForex.com
The forex markets opened the week rather steadily except that Aussie is under clear pressure. Sentiments were weighed down by concern over slow down in the Chinese economy, and that's reflected in broad based weakness in Asian equities. Meanwhile, the Aussie extends recent decline against dollar for its close tie with China. Sterling recovers from...

Technical Outlook

AUD/USD Daily Outlook
AUD/USD's fall continues today and reaches as low as 08903 so far. Intraday bias remains on the downside. Current fall ... - Sep 22 07:55 GMT
EUR/USD Weekly Outlook
EUR/USD's fall resumed last week and initial bias remains on the downside this week. Current decline from 1.3993 will t... - Sep 20 09:41 GMT
USD/JPY Weekly Outlook
USD/JPY surged to as high as 109.45 last week as recent rally accelerated. Initial bias remains on the downside this we... - Sep 20 09:37 GMT
GBP/USD Weekly Outlook
GBP/USD rebounded further to as high as 1.6523 last week but was limited below 1.6534 as well as 1.6643 cluster resista... - Sep 20 09:32 GMT

Special Reports

The Aftermath of Scottish Referendum
Sep 20 03:08 GMT
The dust is settled in the Scottish referendum with 55% voted No to independe...
SNB Strengthened Stance To Interfere EURCHF If Inflation Deteriorates Further
Sep 18 11:24 GMT
The SNB intensified the stance that it would use all possible means to combat d...
FOMC Left 'Considerable Time' Language But Generally Viewed As More Hawkish
Sep 18 02:54 GMT
Market reactions suggested that investors viewed the September FOMC meeting as ...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Hold short entered at 0.9400
Although the greenback staged a strong rebound after finding support at 0.9332 last week, if our view that top is possibly formed... - Sep 22 07:58 GMT
Trade Idea: GBP/USD - Stand aside
Despite last week's rally to 1.6525, the subsequent sharp retreat suggests a temporary top has possibly been formed there and con... - Sep 22 07:54 GMT
Trade Idea: EUR/USD - Stand aside
Despite last week's resumption of decline to 1.2826, lack of follow through selling on break of previous support at 1.2835 and cu... - Sep 22 07:47 GMT
Trade Idea: USD/JPY - Buy at 108.30
Although the greenback retreated after rising to 109.46 late last week and consolidation below this level would be seen, reckon d... - Sep 22 07:38 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
The single currency only eased to 138.47 before heading north again and re... - Sep 19 10:20 GMT
USD/CAD Candlesticks and Ichimoku Analysis
Despite rising initially to 1.1099 this week, the greenback ran into stron... - Sep 19 10:02 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
Despite last week's rebound to 0.8066, lack of follow through buying and t... - Sep 18 10:13 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7915
As euro has recovered after falling to 0.7810, suggesting consolidation above this level would be seen and recovery to 0.7895-00 ... - Sep 19 14:25 GMT
Trade Idea: USD/CAD - Stand aside
Despite rising to 1.1099, the subsequent stronger-than-expected retreat dampened our bullishness and suggests top has possibly be... - Sep 19 14:20 GMT
Trade Idea: EUR/JPY - Buy at 139.50
Despite intra-day initial rise to 141.23, the single currency ran into heavy offers there and has retreated quite sharply, sugges... - Sep 19 09:37 GMT
Trade Idea: AUD/USD - Buy at 0.8900
Although aussie has remained under pressure after falling again from 0.9112 and near term downside risk remains for the decline f... - Sep 19 09:19 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Although the single currency surged to as high as 141.23 today, the q... - Sep 19 10:57 GMT
USD/CHF Elliott Wave Analysis
As the greenback has risen again this week, adding credence to our vi... - Sep 19 10:50 GMT
EUR/GBP Elliott Wave Analysis
Failure to extend early rebound and the subsequent stronger-than-expe... - Sep 18 10:34 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Sep 22 08:00 GMT

Action Bias

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

Fundamental Analysis Reports

Central Banks Stay Calm As Labor Market Performs Even Better
Sep 22 08:02 GMT, by Dukascopy Swiss FX Group
Meeting minutes from the Bank of England and subsequent FOMC meeting confirmed the cautious approach of policymakers to any major changes in the monetary policy, while labor market is getting healthi...
Gold & Silver Drop, GBP Maintains Its Gains
Sep 22 07:36 GMT, by Swissquote Bank SA
Gold remains the core story of today, erasing most of its 2014 gains. We anticipated before that the massive gains of the US equities, the strength of the USD and the collapse of the real risks in th...
USD Rebound Slows
Sep 22 07:34 GMT, by KBC Bank
The dollar rebound slows as risk-off sentiment is pushing core bond yields lower. USD/JPY is the most obvious victim. EUR/USD also tries to rebound from the correction low, but QE speculation prevent...
EUR/USD: Euro Reverses Its Losses This Morning
Sep 22 05:33 GMT, by GCI Financial
The pair is expected to find support at 1.2817, and a fall through could take it to the next support level of 1.2769. The pair is expected to find its first resistance at 1.2921, and a rise through c...
GBP/USD: Pound Trading On A Stronger Footing This Morning
Sep 22 05:31 GMT, by GCI Financial
The pair is expected to find support at 1.6253, and a fall through could take it to the next support level of 1.6149. The pair is expected to find its first resistance at 1.6494, and a rise through c...
AUD/USD: Aussie Trading Higher, Ahead Of ANZ Consumer Confidence Data
Sep 22 05:30 GMT, by GCI Financial
The pair is expected to find support at 0.891, and a fall through could take it to the next support level of 0.8877. The pair is expected to find its first resistance at 0.8986, and a rise through co...
All Daily Fundamental Reports >>

Technical Analysis Reports

EUR/USD Closes In On 2013 Low
Sep 22 07:27 GMT, by Dukascopy Swiss FX Group
The European currency is still headed South, where it is about to meet one of the key levels, namely the 2013 low. This support, given its significance, may trigger profit-taking. The resulting rally...
GBP/USD Slips Back To 1.63
Sep 22 07:26 GMT, by Dukascopy Swiss FX Group
Despite a significant risk of the Cable breaking the negatively-sloped resistance line at 1.6450 last week, in the end the bears took the upper hand and forced the Sterling to retreat to 1.63. And wh...
USD/JPY Hamstrung By 109
Sep 22 07:24 GMT, by Dukascopy Swiss FX Group
The resistance at 109 proved to be a notable level last week, as it managed to stop a strong bullish momentum of USD/JPY. If the correction develops, the U.S. Dollar may fall down to the monthly R3 a...
USD/CHF Struggles To Overcome 0.94
Sep 22 07:23 GMT, by Dukascopy Swiss FX Group
On Friday USD/CHF recovered most of the ground it gave up a day before. However, there is still plenty of obstacles the pair needs to overcome in order to confirm its bullish intentions and reach the...
The USDJPY Surges While Gold Continues Its Steady Decline
Sep 22 07:14 GMT, by ForexTime
Economic data from the EU was low in quantity last week, but that doesn't necessarily mean the European Union steered clear from economic headlines. In fact, it can be argued that the EU sentiment we...
Daily Technical Analysis
Sep 22 05:57 GMT, by FX Instructor
The EURUSD had a bearish momentum last week bottomed at 1.2828 but traded a little bit higher earlier today hit 1.2866. The bias is neutral in nearest term. Important intraday range to be closely wat...
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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