Forex Daily Forecast, Analysis and Prediction

The ETH/USD currency pair rallied slightly Friday as we continue to see the Ethereum market recover.

The US dollar rallied during the Friday session to show signs of life again against the Japanese yen.

The BTC/USD currency pair rallied ever so slightly on Friday as we continue to grind back and forth.

The GBP/USD currency pair fell a bit on Friday to close out the week on its back foot.

The EUR/USD currency pair fell a bit on Friday as we continue to see a lot of concern around the world.

The S&P 500 Index rallied quite nicely on Friday, and we threatened the top of the shooting star from the previous day.

The NASDAQ 100 Index rallied a bit again on Friday as we continue to see the market “climb the wall of worry.”

The West Texas Intermediate Crude Oil market fell a bit on Friday as the 200-day EMA has offered a bit of trouble.

Gold markets rallied a bit on Friday to reach toward the $1800 level in the spot market.

The AUD/USD currency pair rallied a bit Friday as we continue to climb ever so slightly.

More bearish below 0.7063.

The GBP/USD price pulled back on Monday morning as investors prepared for a relatively busy week ahead for the British pound.

The EUR/USD price pulled back to a low of 1.0254, ahead of the upcoming economic numbers from the United States and Europe.

The BTC/USD price moved solidly above the resistance point at 24,000 as sentiment in the market improved.

Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of August 15, 2022.