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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 January 21, 2025
22:12 2025-01-20 UTC--5
Exchange Rates analysis

The initial attempt to push GBP/USD below 1.2186 was hindered by a speculative spike of 180 pips following Donald Trump's inauguration.

However, strategically, nothing has changed. The price still has not reached the target level of 1.2367, and the Marlin oscillator remains far from entering positive territory. The correction could extend to 1.2510 without the danger of breaking the downtrend. At this stage, we anticipate a return below 1.2186, which would strengthen the bears' positions and pave the way toward the 1.2036 target.

analytics678f0f1da2075.jpg

On the H4 chart, the price has consolidated above the balance and MACD lines, while the Marlin oscillator shows signs of potentially reversing back below the zero line. It is essential to wait for the price to consolidate below 1.2186 (and also below the MACD line) to re-establish the previous stability of the downward trend.

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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.