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Daily Report: Dollar and Yen Mildly Firmer on Risk Aversion
Mar 22 07:02 GMT, by ActionForex.com
Dollar and yen are mildly firmer as the week starts on risk aversion broadly lower in reaction to Friday's rate hike from Bank of India. Euro continues to be pressured by concern over the Greece situation while Sterling is weighed down by political uncertainty. Dollar index edges higher to 80.91 while crude oil and gold dip to 80.05 and 1103.5 respectively. No important economic data is scheduled...
Daily and Weekly Technical Outlook
Special Reports
BOE voted 9-0 to Stay Status Quo, Sterling Rallied as Jobless Claims Reduced Unexpectedly
Mar 17 12:12 GMT, by ActionForex.com
The BOE minutes unveiled that MPC members voted unanimously on March 4 to keep the policy rate unchanged at 0.5% and to maintain the asset purchase pr...
BOJ Doubled Funding Operations. Dissenting Votes Increased Uncertainty on Future Easing
Mar 17 07:14 GMT, by ActionForex.com
Under the pressure from the government and dismal inflation outlook, the Bank of Japan announced to double the size of the fixed-rate funds-supplying...
Candlesticks Trade Ideas
Trade Idea: USD/CHF - Stand Aside
Mar 22 07:12 GMT, by ActionForex.com
As the greenback continued to edge higher after finding renewed buying interest above support at 1.0534, suggesting further choppy consolidation above...
Trade Idea: GBP/USD - Sell At 1.5100
Mar 22 07:10 GMT, by ActionForex.com
Cable's selloff from 1.5382 together with current breach of indicated support at 1.4977 signal correction from 1.4781 has ended at 1.5382 last week an...
Candlesticks & Ichimioku Analysis
Elliott Wave Trade Ideas
Trade Idea: EUR/JPY - Buy At 121.50, O.C.O. Sell At 123.70
Mar 22 10:13 GMT, by ActionForex.com
Intra-day fall to 122.17 suggests near term downside bias remains for the fall from 125.36 to extend weakness to 121.84 (61.8% Fibonacci retracement)...
Trade Idea: AUD/USD - Buy At 0.9190
Mar 22 10:10 GMT, by ActionForex.com
Despite last week's rise to 0.9253, the subsequent euro-led retreat suggests a temporary top has been formed (tentatively minor wave 1 of iii) and cor...
Elliott Wave Analysis
Fundamental Analysis
Daily and Weekly Fundamental Reports
European Market Update
Mar 22 10:20 GMT, by Trade The News
The week began on a subdued note as the major pairs maintained familiar ranges. European leaders sent out conflicting signals at the weekend over aid to Greece ahead of Thursday EU Summit which sent t...
The Greek Problem Just Won't Go Away!
Mar 22 08:44 GMT, by Easy Forex
Fridays trading the USD trade stronger as risk aversion seemed to take centre stage due to concerns over the Euro zone's stance on how it plans to help Greece. Also in the wires we saw concerns by the...
EU Political Stalemate On Greece Continues To Weigh On The Euro
Mar 22 08:39 GMT, by KBC Bank
On Friday, the political 'Stratego' among European policymakers on aide for Greece kept the euro under pressure. EUR/USD is nearing the 1.3500 mark. This issue will continue to haunt the euro going in...
Dollar Set To Maintain Long Bias
Mar 22 08:22 GMT, by TheLFB-Forex.com
A new episode of dollar strength hit in the latter part of last week, in reaction to global risk (equity) markets dropping off tests of yearly highs. The major pairs have all formed technical swing po...
Morning Forex Overview
Mar 22 08:12 GMT, by Dukascopy Swiss FX Group
The euro fell against the U.S. dollar and yen Monday in Asian trade, hurt by renewed worries about Greece's debt crisis, but remained within recent ranges as the dollar took a small hit from the appro...
Technical Analysis
Daily and Weekly Technical Reports
IMM Positioning - Speculators Massively Long MXN
Mar 22 10:27 GMT, by Danske Bank
Speculative investors have increased bets that USD/MXN will dip lower, despite the already low level. In the past week speculators added almost 10K contracts to their short USD/MXN position that now a...
Forex and Dow Jones Recommended Levels
Mar 22 10:18 GMT, by FXtechtrade
EUR/USD Today's support: - 1.3478 and 1.3452(main), where correction is possible. Break would give 1.3430, where correction also may be. Then follows 1.3411. Break of the latter would result in 1.339...
Forex Technical Analysis
Mar 22 09:58 GMT, by DeltaStock Inc.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169
Currency Crosses Pairs Analysis
Mar 22 09:45 GMT, by DeltaStock Inc.
EUR/GBP Longer term bias remains bullish for the pair, the pullback to the bearish trendline has been completed, more upside for the week ahead. Intraday: the daily chart above shows the perfect pullb...
Today's Market Outlook
Mar 22 09:40 GMT, by Windsor Brokers Ltd
EURUSD Upside rejection at 1.3816 on 17 Mar and break of a 3-week rising wedge turned the immediate focus lower. Clearance of 1.3536/29 support area has so far reached 1.3497, though stretched near-te...
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AUDJPY82.45-0.51%
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USD
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JPY
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Action Bias & Pivot Points
Currency Last Bias S1 R1
EURUSD 1.3521 Neutral 1.34791.3603
USDJPY 90.56 Neutral 90.3490.72
GBPUSD 1.4984 Neutral 1.49141.5181
USDCHF 1.0599 Down 1.05571.0652
USDCAD 1.0168 Neutral 1.00911.0219
AUDUSD 0.9112 Down 0.91120.9208
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