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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.

Trading plan for EURUSD for January 25, 2022
05:14 2022-01-25 UTC--5
Exchange Rates analysis

Technical outlook:

EURUSD has yet again slipped to an intraday low around 1.1280-85 levels at the time of writing. The single currency pair is quickly approaching a potentially strong support zone at 1.1250-80. High probability remains for bulls to come back strong from here and push through 1.1500 and 1.1700 mark in the next few trading sessions.

EURUSD has dropped to the Fibonacci 0.618 retracement of the previous upswing between 1.1186 and 1.1486 levels respectively. A bullish reversal here could be very sharp provided 1.1186 interim support holds well. Also note that RSI on smaller timeframes are beginning to show bullish divergences, which could be potential revesal.

EURUSD bulls would be targeting 1.1700 level, which is the net resistance on the daily chart presented. Furthermore, prices would also break above the trend line resistance and trade into the buy zone indicating further upside above 1.1486 mark. Watch out for a bullish reversal pattern soon from current levels.

Trading plan:

Potential rally through 1.1700 against 1.1150

Good luck!

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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.