Latest Forex Research

AUDUSD – major breakdown but 5-waves down complete on daily/hourly

Aussie has declined sharply from the proposed wave-4 high at .8911 but

The USD is strong with several currencies trading to new lows, the U.S. 10year is up to 2.36%,

The Euro continues to be undermined by slack Euro zone economic readings,

We peg support at 1.0349 on the monthly charts but we aren’t overly optimistic that support will hold ahead.

Surprisingly the Yen continues to decline on its charts as if more long term fear and

The Dollar has ranged up again overnight and not surprisingly it has also reached up to

A fresh downside breakout overnight on the charts, ongoing weakness in key Canadian

Lingering damage on the Pound charts, ongoing favor toward the Dollar and

Today’s highlights: USDCAD above 1.1386 keeps the trend bullish for 1.1506 next,

Currencies diverged in Asian trading. The JPY was weaker, with USDJPY crossing above 114.00 while,

The manufacturing production continued to fall in September and

EUR/USD has broken the hourly resistance at1.2544 (intraday high), suggesting a temporarypickup in buying interest.