Forex Daily Forecast, Analysis and Prediction

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of August 16, 2021.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 16, 2021 here.

Start the week of August 16, 2021 with our Forex forecast focusing on major currency pairs here.

The West Texas Intermediate Crude Oil market continues to show support just below current levels.

The 1.25 level has offered a significant amount of support yet again, as we tend to pay attention to this level quite often.

The S&P 500 has rallied a bit during the course of the trading session to break above the 4450 handle, as we are making our way towards the 4500 level.

The FTSE 100 has had a strong run over the last couple of days, as we are now threatening the 7200 level.

The NASDAQ 100 has rallied a bit during the course of the trading session on Thursday as the uptrend line continues to offer significant support.

The Aussie dollar has followed the same back-and-forth pattern that we have seen over the last couple of weeks.

The gold markets have been very choppy during the trading session on Thursday as we continue to see a bit of hesitation just below the previous support level.

The Bitcoin market has pulled back a bit during the trading session on Thursday as we may have gotten a bit ahead of ourselves.

The Euro has gone back and forth during the course of the trading session on Thursday as we continue to dance around the 1.17 level underneath.

The British pound continues to struggle; the 50 day EMA offered quite a bit of selling pressure over the last three or four days.

After reaching a high of nearly 5.3000 on the 9th of August, selling momentum has brought the USD/BRL near important short-term support.

The USD/MXN is again traversing near the important juncture of 19.90000, but this has occurred as its price band has proven volatile.