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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 EUR/USD on March 24, 2023
23:38 2023-03-23 UTC--4
Exchange Rates analysis

Yesterday, the euro desperately tried to climb above the MACD line on the daily chart, as well as on Wednesday, but at the end of the day, it closed below this line with a black candlestick. Now it is very likely (more than 50%) the euro will not reach the target level of 1.0990.

The Marlin oscillator reverses, the price is reluctantly heading towards the target range of 1.0758/87. If it breaks through this range, the price may reach the 1.0443/70 range in the medium term - to the lower limit of the newly formed local downward price channel in green.

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On the four-hour chart, the signal line of the oscillator is in a hurry to move into negative territory, after which it can slow down the decline, but having already found itself below the zero line, it will be able to help the price overcome the supports in favorable conditions.

The MACD line is below the target range of 1.0758/87, strengthening this range, so helping the bears will come in handy.

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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.