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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.

GBPAUD broke below ascending trendline support! Further drop expected!
22:06 2020-07-22 UTC--4
Exchange Rates analysis

Trading Recommendation

Entry: 1.78812

Reason for Entry: 50% Fibonacci retracement

Take Profit: 1.76956

Reason for Take Profit: Recent graphical swing low

Stop Loss: 1.79299

Reason for Stop Loss: 61.8% Fibonacci retracement, Ascending trendline resistance, moving average resistance

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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.