Forex Daily Forecast, Analysis and Prediction

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of February 21, 2021 here.

Start the week of February 21, 2022 with our Forex forecast focusing on major currency pairs here.

The DAX initially tried to rally a bit during the trading session on Thursday but then collapsed at the 200 day EMA.

The British pound initially fell during the trading session on Thursday but then found buyers to push it towards the 1.36 level.

The Euro initially dipped during the trading session on Thursday as we continue to see shenanigans in the Ukraine border.

Bitcoin has shown itself to be wanting yet again, at the first signs of geopolitical problems.

Gold markets have gone parabolic during the session on Thursday as the markets slammed into the $1900 level.

The West Texas Intermediate Oil market had rallied a bit on Thursday but has given back some of the gains to show less than favorable price action.

The NASDAQ 100 has had a horrible day on Thursday as we continue to worry about geopolitical issues, and a flight to safety has been in order.

The S&P 500 has been crushed on Thursday as we continue to react to negative geopolitical situations.

The Ethereum market has fallen rather hard during the trading session on Thursday, as we continue to see a lot of “risk off” behavior around the world.

Monero has gotten hammered during the trading session on Thursday right along with the rest of crypto as risk assets across-the-board were sold off.

Yesterday, natural gas futures closed nearly 10% higher, as cold weather forecasts in the US raised demand expectations.

Gold prices rose today as the dollar weakened although higher US interest rates are still looming.

The relative calm of fears of Russia’s invasion of Ukraine contributed to the recovery of the price of the EUR/USD to the resistance level 1.1395.