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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.

Forecast for GBP/USD on September 29, 2022
22:59 2022-09-28 UTC--4
Exchange Rates analysis

Yesterday's trading range for the pound was 380 points. The lower shadow worked out the support at 1.0535, the upper part of the candle, on the occasion of such a high volatility, went above the strong resistance at 1.0830.

But this morning the market returns to its previous state - below this level and towards 1.0535. The rate of decline may now slow down, but its targets remain: 1.0535, 1.0310.

analytics633504de62769.jpg

On the four-hour chart, the price returns below the level of 1.0830. Consolidation below it will strengthen the attraction of the target level of 1.0535. By this time, the Marlin Oscillator should move into negative territory to help the price in this difficult matter.

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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.