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Mar 05 06:29 GMT

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Daily Report: Dollar Rally Continues, ECB in Focus
Mar 05 05:06 GMT, by ActionForex.com
Dollar index extended recent up trend overnight, thanks to weakness in European majors, and took out 96 handle. Better than expected ISM non-manufacturing also helped lifted the greenback and it stayed firm after Fed's Beige Book economic report. In the Beige Book that cover early January through mid-February, Fed noted that economic activities ex...

Technical Outlook

USD/JPY Daily Outlook
USD/JPY is staying in tight range below 120.46 and intraday bias stays neutral. Overall, the pair is bounded in the sid... - Mar 05 06:25 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remain son the upside for the moment. Current rebound would now target a test on 1.0239 resist... - Mar 05 06:23 GMT
AUD/USD Daily Outlook
Intraday bias in AUD/USD remains neutral for the moment. Price actions from 0.7625 are viewed as consolidation pattern.... - Mar 05 06:20 GMT
USD/CAD Daily Outlook
USD/CAD is staying in sideway pattern from 1.2797 and intraday bias remains neutral. On the downside, break of 1.2351 w... - Mar 05 06:18 GMT

Special Reports

BoC Left Rate Unchanged, Stance More Neutral
Mar 05 02:32 GMT
As expected, the BOC left the monetary policy unchanged in March, following a s...
China Watch: Flash PMI Signaled Manufacturing Activities Expanded. Deflation Risks Heightened, An Official Warned
Feb 25 10:36 GMT
China's flash manufacturing PMI by HSBC surprisingly drifted back to above 50, ...
Upbeat Yellen Signaled Fed's On Course For Hike Later This Year
Feb 25 06:29 GMT
Fed Chair Janet Yellen in the congressional testimony reiterated the message th...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9560
Despite intra-day brief rise to 0.9681, lack of follow through buying and current retreat suggest consolidation would be seen and... - Mar 04 15:51 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5325
As cable's decline has gathered momentum after breaking indicated level at 1.5333-37 (previous support and 38.2% Fibonacci retrac... - Mar 04 15:45 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.1145
Current breach of previous support at 1.1098 confirms early decline has resumed and further weakness to 1.1045-50 would be seen, ... - Mar 04 15:37 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Dollar's near term sideways trading is likely to continue and although initial recovery to 119.85-90 cannot be ruled out, as broa... - Mar 04 15:30 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

AUD/USD Candlesticks and Ichimoku Analysis
Although aussie retreated after meeting resistance at 0.7913, as price has... - Mar 04 08:59 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
As aussie has maintained a relatively firm undertone after staging a rebou... - Mar 04 08:30 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound has retreated after rising to 1.5552 (exactly 3... - Mar 03 10:04 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.7265
Although the single currency has slipped again today, loss of downward momentum should prevent sharp fall from here and bring reb... - Mar 04 14:46 GMT
Trade Idea: USD/CAD - Hold long entered at 1.2445
As the greenback has rebounded after finding support at 1.2433, retaining our bullishness and consolidation with upside bias rema... - Mar 04 14:43 GMT
Trade Idea: EUR/JPY - Sell at 133.65
The single currency has fallen again after meeting renewed selling interest at 134.60, suggesting the fall from 136.69 is still i... - Mar 04 09:38 GMT
Trade Idea: AUD/USD - Hold long entered at 0.7800
As aussie has rebounded after finding good support at 0.7752 yesterday, retaining our bullishness and as long as this level holds... - Mar 04 09:29 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
Although aussie retreated after early rebound to 0.7913, as long as i... - Mar 04 10:00 GMT
EUR/CHF Elliott Wave Analysis
Although the single currency extended recent rise to 1.0812, as price... - Mar 04 09:57 GMT
GBP/USD Elliott Wave Analysis
The British pound ran into resistance at 1.5552 (exactly 38.2% Fibona... - Mar 03 10:32 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Mar 05 06:20 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD↓ DN↓ DN↓ DN↓ DN
USDJPY- NE- NE↑ UP- NE
GBPUSD- NE↓ DN↓ DN- NE
USDCHF↑ UP↑ UP↑ UP- NE
USDCAD- NE↓ DN- NE↑ UP
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Fundamental Analysis Reports

AUD/USD: Aussie Trading On A Stronger Footing This Morning
Mar 05 06:17 GMT, by GCI Financial
The pair is expected to find support at 0.7795, and a fall through could take it to the next support level of 0.7770. The pair is expected to find its first resistance at 0.7854, and a rise through c...
EUR/USD: Euro Trading Lower Ahead Of The ECB's Interest Rate Decision
Mar 05 06:15 GMT, by GCI Financial
The pair is expected to find support at 1.1025, and a fall through could take it to the next support level of 1.0984. The pair is expected to find its first resistance at 1.1144, and a rise through c...
GBP/USD: Pound Trading Lower Ahead Of The BoE's Crucial Interest Rate Decision
Mar 05 06:13 GMT, by GCI Financial
The pair is expected to find support at 1.5214, and a fall through could take it to the next support level of 1.5173. The pair is expected to find its first resistance at 1.5333, and a rise through c...
USD/JPY: Japanese Yen Trading Lower In The Asian Session
Mar 05 06:12 GMT, by GCI Financial
The pair is expected to find support at 119.58, and a fall through could take it to the next support level of 119.32. The pair is expected to find its first resistance at 119.98, and a rise through c...
USD/CHF: Swiss Franc Trading Lower In The Asian Session
Mar 05 06:11 GMT, by GCI Financial
The pair is expected to find support at 0.9601, and a fall through could take it to the next support level of 0.9551. The pair is expected to find its first resistance at 0.9692, and a rise through c...
USD/CAD: The BoC Kept Its Interest Rate Unchanged
Mar 05 06:10 GMT, by GCI Financial
The pair is expected to find support at 1.2381, and a fall through could take it to the next support level of 1.2325. The pair is expected to find its first resistance at 1.2518, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

EURGBP Staring At 0.72 (Over To ECB And BOE)
Mar 05 05:50 GMT, by ThinkForex
It is highly unlikely we will see a change from either Central Bank but the accompanying statements (and the subsequent Q+A, in the case of ECB) is likely to cause some large moves.  BOE pointed out ...
Daily Technical Analysis
Mar 05 05:48 GMT, by FX Instructor
The EURUSD continued its bearish momentum yesterday bottomed at 1.1060. The bias is bearish in nearest term testing 1.1000 – 1.0950 area. Immediate resistance is seen around 1.1100. A clear break abo...
Foreign Exchange Market Commentary
Mar 05 03:44 GMT, by HY Markets
THE EURO closed lower on Wednesday and the lowrange close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are bearish signalling that sideways to lower prices are po...
Market Morning Briefing
Mar 05 03:37 GMT, by Kshitij Consultancy Services
All-round Dollar strength today. The Euro (1.1071) has broken below its previous low of 1.1114. The Pound (1.5253) has also broken below the support at 1.5335-15 we were looking at. Dollar-Yen (119.8...
The Daily Forecaster: EURJPY
Mar 05 03:15 GMT, by FX-Forecaster
Losses developed as expected - even breaking below the channel low to reach just below the 132.45 target - at 132.39. This should see a correction back to the 132.80-94 area (and not above 133.22) fo...
AUD/USD – Resistance At 0.7850 Stands Tall Again
Mar 05 03:01 GMT, by MarketPulse
In the last 48 hours the Australian dollar has made repeated attempts to move up strongly to the resistance level at 0.7850 however it has been rejected every time and sent back easing lower. After f...
All Daily Technical Reports >>

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Long Term Forecasts

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...
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...
All Long Term Forecasts >>
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