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.

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Forecast for EUR/USD on January 15, 2025
21:37 2025-01-14 UTC--5
Exchange Rates analysis

As part of its correction, the euro rose by 63 pips yesterday. However, the upward momentum is weakening, as indicated by the Marlin oscillator, the signal line of which shows an intention to turn downward while forming a wedge pattern.

If this wedge pattern materializes, it suggests that the price may settle in the range of 1.0211 to 1.0350, with the potential for a downward breakout. The first target for this primary scenario is the 1.0135 level.

On the four-hour chart, the price's rise has paused at the balance line, while the Marlin oscillator remains in the positive (upward) zone. This maintains the possibility of reaching the 1.0350 level.

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A shift in price toward the lower half of the 1.0211 to 1.0350 range will be signaled if the price breaks below the MACD line at 1.0265. However, if triangular consolidation develops, the MACD line may act as a neutral line around which the price oscillates.

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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.