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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.

EUR/CAD Forecast for May 20, 2025
23:08 2025-05-19 UTC--4
Exchange Rates analysis

With a strong upward move yesterday, the EUR/CAD pair broke above both indicator lines (balance and MACD ) and the 200% Fibonacci reaction level. Today's session also opened above these resistance levels, a positive signal for upward movement. Additionally, the Marlin oscillator's signal line pushes through the growth zone's boundary and aligns with the price trend.

The first growth target is 1.5854, corresponding to the 238.2% Fibonacci level, which coincides with the highs of April 16 and March 11. Further growth is possible toward 1.5963 – the 261.8% Fibonacci level, coinciding with the April 21 high. The strategic target is the intersection of the upper boundary of the price channel with the level of 1.6150, which matches the March 2018 high.

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On the H4 chart, the price has consolidated above the 200% Fibonacci level and is rising with the Marlin oscillator. The MACD line has turned upward, indicating a confirmed shift in the medium-term trend direction.

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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.