Forex Daily Forecast, Analysis and Prediction

The S&P 500 rallied a bit on Friday as we continue to see liquidity measures prop up Wall Street.

The euro rallied significantly on Friday to reach towards the 1.18 level.

The only thing that I can make out of this chart is that we have nowhere to be.

Gold markets broke higher on Friday above the $1775 level.

The Australian dollar rallied a bit on Friday as we continue to bounce around between the 0.73 level underneath and the 0.74 level above.

Bitcoin markets turned around right away on Friday to wipe out the losses from Thursday, as cryptocurrency markets continue to get a bit overdone.

The EUR/USD pair popped on Friday after US data showed that consumers were starting to lose confidence as the Delta variant spreads.

The AUD/USD price retreated in early trading as the COVID situation and business outlook worsened.

The GBP/USD price darted higher on Monday morning as investors prepared for what will be a relatively busy week for the UK and the US.

The BTC/USD roared back during the weekend as investors remained optimistic about cryptocurrencies.

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.