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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.

USDJPY Potential For Bearish Continuation | 19th May 2022
04:12 2022-05-19 UTC--4
Exchange Rates analysis

On the H4, with prices moving below the Ichimoku indicator, we have a bearish bias that price will drop from our 1st resistance at 128.992 where the 61.8% Fibonacci retracement and horizontal overlap resistance is to our 1st support at 128.188 in line with the horizontal swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 129.604 where the horizontal swing high resistance and 78.6% Fibonacci projection is.

Trading Recommendation Entry: 128.992Reason for Entry:61.8% Fibonacci retracement and Horizontal overlap resistanceTake Profit: 128.188

Reason for Take Profit:Horizontal swing low support

Stop Loss: 129.604Reason for Stop Loss:

Horizontal swing high resistance and 78.6% Fibonacci projection

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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.