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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.

Tips for trading EUR/USD
03:22 2023-09-29 UTC--4
Exchange Rates analysis

Following a prolonged decline and retest of the March low, EUR/USD shifted to a correction, but without updating the yearly low of 1.04830.

analytics651680311c050.png

This suggests a possible decrease in prices, and the target could be the yearly low.

analytics65168036cced9.png

Looking at the signals, traders could consider short positions from current prices up to the level of 1.04830. Place stop-loss at 1.06060 and set take-profit upon the breakdown of 1.04830.

This trading idea follows the framework of the "Price Action" and "Stop Hunting" strategies.

Good luck in trading and don't forget to control the risks! Have a nice day.

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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.