Forex Daily Forecast, Analysis and Prediction

There will be selling pressure whenever the price nears $1.3650.

The British pound went back and forth on Friday to form yet another sideways and relatively neutral candlestick.

The euro broke through the psychologically and minor structural support level at the 1.14 handle on Friday.

Gold markets exploded to the upside on Friday as late-day rumors have hit the markets of Vladimir Putin already deciding to invade Ukraine.

Ethereum fell on Friday to reach down towards the $3000 level.

The West Texas Intermediate Crude Oil market pulled back just a bit on Friday, but then turned around as the $90 level seems to be offering support yet again.

Bitcoin fell on Friday, which is bad news for the crypto markets in general.

Neo initially tried to rally on Friday but pulled back from the 50-day EMA again.

The NASDAQ 100 got clobbered to end the week on Friday as we continue to see a lot of noisy behavior.

The S&P 500 had a rough trading session on Friday, as we continue to see a lot of concerns around the world.

The German DAX Index gapped lower to kick off the day on Friday, turned around to fill that gap, and then fell apart.

The EUR/USD pair declined sharply on Friday as investors continued to worry about the ongoing tensions between Western countries and Russia.

The BTC/USD stabilized during the weekend as concerns about a Russian invasion of Ukraine eased.

The AUD/USD pair retreated slightly as investors continued worrying about the ongoing crisis in Ukraine and the rising global inflation.

Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of February 14, 2022.