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European Session: Orders and Options Watch
Aug 24 10:48 GMT, by ActionForex.com
EUR: The single currency slipped after meeting renewed selling interest at 1.1355 yesterday, bids at 1.1300 and 1.1280 were filled but buy orders are still noted at 1.1250, 1.1230 and 1.1200, buying interest should emerge around 1.1185, 1.1150, 1.1130 and 1.1100. On the upside, offers are lowered to 1.1310-20, 1.1350-55 and 1.1380-85, selling inte...

Technical Outlook

GBP/JPY Daily Outlook
Breach of 132.52 minor resistance suggests that choppy fall from 143.21 has completed at 129.14, ahead of 128.66. Rebou... - Aug 24 11:31 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for the moment. Outlook remains bearish and further decline is expected. As no... - Aug 24 11:25 GMT
EUR/GBP Daily Outlook
EUR/GBP dips sharply today but stays above 0.8491 resistance turned support so far. Intraday bias remains neutral with ... - Aug 24 11:10 GMT
EUR/AUD Daily Outlook
EUR/AUD lost momentum ahead of 1.4905 resistance. Intraday bias is turned neutral first. Further rally is still expecte... - Aug 24 11:06 GMT

Special Reports

RBNZ Affirms Further Easing Would Not Be Aggressive
Aug 23 05:53 GMT
RBNZ published a speech, titled 'Monetary policy faces challenges in turbulent ...
ECB Cautioned over Heightened Uncertainty after Brexit
Aug 18 14:17 GMT
In its account of the monetary policy meeting in July, ECB warned that uncertai...
FOMC Minutes Unveiled Divided Views Over Next Rate Hike
Aug 18 04:37 GMT
The FOMC minutes for the July meeting unveiled that members were divided over t...
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Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9575
Although the greenback has rebounded again, break of indicated resistance at 0.9659 is needed to signal low has indeed been forme... - Aug 24 10:37 GMT
Trade Idea Update: GBP/USD - Buy at 1.3130
As cable has continued trading with a firm bias after surging above 1.3200 yesterday, adding credence to our bullish view that re... - Aug 24 10:33 GMT
Trade Idea Update: EUR/USD - Hold short entered at 1.1345
Euro's retreat after meeting resistance at 1.1355 yesterday has retained our view that further consolidation below last week's hi... - Aug 24 10:29 GMT
Trade Idea Update: USD/JPY - Stand aside
Despite falling to 99.94 yesterday, the subsequent recovery has retained our view that further consolidation would be seen and ch... - Aug 24 10:28 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

NZD/USD Candlesticks and Ichimoku Analysis
Kiwi only eased to 0.7165 before rising again (we recommended in our previ... - Aug 24 09:03 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although aussie has slipped again after meeting resistance at 0.7750 last ... - Aug 24 08:36 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound did retreat after meeting resistance at 1.3185 ... - Aug 23 09:20 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Sell at 113.30
Euro's retreat after meeting resistance at 114.16 suggests top has possibly been formed there and consolidation with downside bia... - Aug 24 09:58 GMT
Trade Idea: AUD/USD - Stand aside
As aussie has recovered after holding above support at 0.7583 (Monday's low), retaining our view that further consolidation would... - Aug 24 09:46 GMT
Trade Idea: EUR/GBP - Hold short entered at 0.8670
As the single currency has fallen again after meeting renewed selling interest at 0.8692 on Friday, retaining our view that furth... - Aug 23 15:32 GMT
Trade Idea: USD/CAD - Sell at 1.2995
Although the greenback has retreated after meeting resistance at 1.2965, below 1.2810-15 is needed to signal the rebound from 1.2... - Aug 23 15:28 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/CHF Elliott Wave Analysis
Although the single currency retreated to 1.0826 last week, as euro f... - Aug 24 10:24 GMT
AUD/USD Elliott Wave Analysis
Aussie slipped again after meeting renewed selling interest at 0.7750... - Aug 24 10:11 GMT
GBP/USD Elliott Wave Analysis
Although cable retreated from last week's high of 1.3185, sterling fo... - Aug 23 10:23 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Aug 24 11:45 GMT

Action Bias

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

AUD/USD – Aussie Shrugs Off Weak Construction Report
Aug 24 11:21 GMT, by MarketPulse
AUD/USD is showing limited movement, as the currency continues to have a quiet week. Currently, the pair is trading slightly above the 0.76 level. On the release front, Australian Construction Work D...
Caution Remains Ahead Of Yellen Speech
Aug 24 10:58 GMT, by MarketPulse
The trend of marginal moves while pushing record highs in US indices looks set to continue on Wednesday, with futures pointing to a marginally higher open on Wall Street. This week in particular ther...
End Of Low Volatility Period
Aug 24 10:52 GMT, by Swissquote Bank SA
After a very quiet month of August, the volatility is slowing ticking up across financial markets with investors starting to question whether the current levels of the equity market are sustainable a...
USD/JPY – Yen Hugs 100, Markets Eye Japanese Inflation Reports
Aug 24 10:49 GMT, by MarketPulse
The Japanese yen continues to have a quiet week, as the currency markets remain subdued ahead of the Jackson Hole conference on Thursday. Currently, USD/JPY is trading at 100.30. On the release front...
GBP/USD – Pound Ticks Upwards, US Housing Report Next
Aug 24 10:49 GMT, by MarketPulse
The British pound has edged above the 1.32 line on Wednesday, continuing the upward movement which has marked GBP/USD this week. The pair is currently trading at 1.3220. On the release front, British...
Market Tension Heightens As Jackson Hole Looms
Aug 24 10:47 GMT, by ForexTime
Uncertainty has enveloped the global markets this week with investor jitters intensifying as the lack of direction continues to send ominous warnings ahead of Friday’s Jackson Hole gathering. Global ...
All Daily Fundamental Reports >>

Technical Analysis Reports

AUDUSD - Strong Support At 0.7590 Zone Holds For Now But Downside Remains Vulnerable
Aug 24 11:05 GMT, by Windsor Brokers Ltd
The pair bounced from strong 0.7590 support zone (daily Kijun-sen / 50% retracement of 0.7419/0.7758 upleg), which was retested on data-driven fall. Daily studies are weakening (10, 20SMA’s turned to...
USDJPY Holds Around 100.00 Handle In Directionless N/T Trading, Overall Structure Remains Bearish
Aug 24 11:04 GMT, by Windsor Brokers Ltd
The pair remains weak, hovering around 100.00 handle, but so far unable to break clearly lower, as yesterday's support crack was contained at 99.92. However, daily technical studies remain bearish an...
Cable Surges Above 1.3200, Further Favored In The Near-Term
Aug 24 11:02 GMT, by Windsor Brokers Ltd
Cable surged above 1.3200 barrier, where yesterday’s rallies were capped, on renewed strength from 1.3159, session low. Bullish near-term studies favor further upside, with daily close above 1.3200 n...
EURUSD Extends Pullback, Risk Of Further Downside On Violation Of 1.1247/42 Triggers
Aug 24 11:01 GMT, by Windsor Brokers Ltd
The Euro is in red for the second day and returns below 1.1300 handle. Yesterday’s bearish daily candle with long upper shadow, signaled increased downside pressure, with today’s fresh extension lowe...
EUR/USD Breaks Out Of Pattern On Wednesday
Aug 24 08:27 GMT, by Dukascopy Swiss FX Group
The common European currency had been trading against the US Dollar in a channel upward pattern since July 4, and the pair broke out of the pattern on early Wednesday morning. The currency exchange r...
GBP/USD To Make A U-Turn
Aug 24 08:26 GMT, by Dukascopy Swiss FX Group
The US Dollar was dragged down by a poor reading of the Manufacturing PMI on Tuesday, allowing the Sterling to take the upper hand and breach the monthly PP resistance level. As a result, the Cable r...
All Daily Technical Reports >>

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Long Term Forecasts

DAX 6 Month Outlook 2016 H2
Aug 18 14:12 GMT, by MarketPulse
DAX 6 Month Outlook 2016 H2 What impact has Brexit had on Germany? It's still too early to determ...
AUD/USD Australian Dollar 6 Month Outlook 2016 2H
Aug 02 15:28 GMT, by MarketPulse
The RBA seems to be little concerned by Brexit and believes it's far too soon to pass judgment on t...
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...
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