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Stock market analytics, financial forecasts

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Forecast for USD/JPY on November 21, 2022
22:02 2022-11-20 UTC--5
Exchange Rates analysis

On Friday the USD/JPY pair broke away from the embedded price channel line of 139.65 with the intention to reach the resistance of the upper nearest line around the 141.76 mark. The pair continues to rise in today's Asian session.

After reaching 141.76, the price could go back to 139.65 or even lower, to 138.55. Falling below 139.65 will also make the 138.55 target available. Staying under this level opens the 136.80 target.

analytics637ae7b8bc5d6.jpg

The price is trying to overcome the MACD line on the four-hour chart. A downward reversal from it is the basis for the current price reversal from the current levels. The way to 141.76 will open up when the price settles above the MACD line. The signal line of the Marlin Oscillator moves almost horizontally, neutrally. We are waiting for developments.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.