Forex Daily Forecast, Analysis and Prediction

The Brazilian real continues to show signs of strength against the greenback, as we have seen the USD/BRL pair reach towards the 5.12 level.

The US dollar rallied a bit on Friday as the 15 rand area continues to be a bit of a support level that has been tested multiple times.

The euro has drifted a little bit lower during the Friday session before heading into the weekend.

The West Texas Intermediate Crude Oil market has initially pulled back on Friday to test the $90 level, but have turned right back around to form a hammer.

The S&P 500 went back and forth on Friday as we had over $2 trillion worth of expirations in the options market come to fruition.

Ethereum initially tried to rally during the trading session on Friday but turned around to show signs of weakness.

The NASDAQ 100 went back and forth on Friday as we continue to see a lot of volatility.

The GBP/USD price was little changed on Monday morning as investors reflected on last week’s data dump from the UK and the growing tensions in Europe.

Bitcoin has broken down a bit during the trading session on Friday to test the $40,000 level.

The EUR/USD pair continued the downward trend that started on Friday as investors watched the rising risks of a Russian invasion of Ukraine.

The gold markets initially drifted lower during the course of the session on Friday but found plenty of buyers as we head into the weekend.

The BTC/USD pair continued its bearish trend during the weekend as geopolitics concerns remained.

Ripple did very little during the trading session on Friday as we continue to see the $0.75 level offering support.

The AUD/USD pair wavered on Monday even after the strong Australian jobs numbers that were published on Thursday.

Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of February 21, 2022.