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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.

September 22, 2023 : EUR/USD Intraday technical analysis and trading plan.
15:03 2023-09-22 UTC--4
Exchange Rates analysis

The EURUSD bulls controlled the price action around the key level of 1.0550-1.0600, leading to more bullish continuation towards 1.1000 and 1.1200.

The recent bullish movement pursued towards the resistance zone around 1.1200 where lack of bullish momentum seemed to exist.

On the other hand, the recent bearish pullback was facing a temporary support around 1.0950 where the short-term uptrend came to meet the pair.

After this trend reversal, price was expected to decline towards to the price levels of 1.0800 which stood as a temporary daily support before another bearish decline could happen.

Early signs of bearish breakdown of the depicted uptrend were just observed. However, any upside pullback towards 1.0780 should be considered for a valid SELL Entry (backside of the broken uptrend).

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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.