Latest Forex Research

USDJPY – target for proposed wave-b rally is 119.65/80

The 1.618 relationship between wave-1 and wave-3 on the daily chart means that we

The break of 1.2360 means the downtrend has been reasserted and the 5-wave decline is not complete.

Ignore the ADP employment indicator because it lags payrolls.

The focus into the open is the significant USD rally that has driven most majors to fresh lows;

The Euro only saw modest support from a slightly better than expected Retail sales result for October.

The Swiss has forged yet another downside breakout which suggests the trend

The trend in the Yen remains down and until the Yen reaches back down into the 82.00 to

The bullish drumbeat for the Dollar continues with favorable US data yesterday

The technical bias remains down from the Canadian charts.

The Pound has managed to bounce in the wake of marginally positive November services PMI readings overnight.

EUR/USD: Traded very heavy yesterday even without any data or news and is now close to the year-low.

EUR/USD is testing the low of its horizontal range defined by the support at 1.2358 and