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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.

Elliott wave analysis of EUR/USD for September 28, 2023
00:53 2023-09-28 UTC--4
Exchange Rates analysis

EUR/USD has tested its ideal corrective target at 1.0530 and should be ready to turn higher in a new impulsive wave. The instrument ultimately should move towards new highs near 1.2085. That said, it should not come as a surprise if the bottom-building needs a bit of time. However, a break above resistance at 1.0768 will confirm that the bottom is in place and wave 3 higher towards 1.2085 is unfolding. For now, we need to stay patient and see how the bottom-building process is unfolding, but it should just be a matter of time before resistance at 1.0768 is broken.

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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.