Latest Forex Research

USDJPY – nearing 120.36/48 ideal target zone for wave-(b)

Rather than label the A-B-C correction to 115.57 as all of wave-4,

Still working towards our target zone in the low 1.17’s.

The bounce from recent 2014 and 5 + year lows stalled at the $59.27 level with bulls

The pair closed in NY Monday at $1.5586 after rate had been pressed, in thin trade, to a session low of $1.5574,

The recovery from 2 month lows continues to struggle around the 21-DMA (3174.8) with

It’s been a relatively quiet session for the AUD/USD since it started at $0.8134 this morning.

The EUR/USD remains heavy after trading at fresh 2014 lows to start the new week with bearish focus

The pair started this morning at $1.2230 but traded lower after initial $1.2232 high.

Following recent 2014 and 4 ½ year lows the AUD/USD continues to trade sideways with O/S daily studies and

Markets are relatively quiet and favouring risk taking leading into the holiday week.

While the Euro forged a lower low overnight, it has forged a rebound in the face of residual concerns

A quasi-triple low formation on the charts, a rise in the Russian currency and