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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.

Is this the end of the bullrun in USDJPY?
10:25 2022-11-18 UTC--5
Exchange Rates analysis

Blue lines- Fibonacci extension

Red lines- upward waves

USDJPY four weeks ago made a new all time high at 151.96. Since then price has lost more than 1000 pips while it currently is trading just below 140. The entire rise from 99 to 151.96 is a little bit bigger than the 100% extension of the first rise from 79.50 to 125.85. The entire upward move could be complete. The two upward waves have almost the same size. Price reversed right at the area where the two waves are almost identical. The steep slope of the second upward move, justifies the sharp decline. The RSI has provided a clear bearish divergence. The chances that a major top is in are high. Traders need to be very cautious.

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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.