Latest Forex Research

USDJPY – RSI divergence developing at channel resistance

This rally to a new high does satisfy wave-5 and there is finally a proper momentum

Developments in the Asian and European session were important drivers of medium term USD strength.

The Euro avoided a fresh new low for the move overnight but the down trend is hardly complete.

Near term downside targeting in the Swiss is seen down at least 100 points below the current market.

The Yen extended the October downdraft overnight and in the process that puts the Yen down to

The Dollar has once again ranged up and is approaching the early October highs.

The outlook for the US Dollar is simply too strong for the Canadian to

The Pound continues to see anemic economic results that in turn facilitate the downward march on the charts.

EURUSD: A move below key support at 1.2540-45 will expose 1.2500.

EUR/USD is approaching the key support at1.2501.

Today’s highlights: USDJPY has surged higher and stays bullish for 111.60

The market’s review of changes in GPIF’s asset allocation helped push USDJPY up to 109.38.