Forex Daily Forecast, Analysis and Prediction

The EUR/USD is bouncing back ahead of the important US and European Union Manufacturing PMI numbers.

Price above $50K will be a bullish sign if reached later.

The pound looks vulnerable to the advancing greenback.

Clear skies offer opportunities for tactical traders.

March is unlikely to achieve February results.

A speculative test of willpower is brewing for traders.

February proved to be a terrific month for WTI Crude Oil speculators with bullish sentiment as targets were exceeded.

The NASDAQ 100 shot higher during the month of February, reaching towards the 14,000 level.

We have seen a lot of volatility in the stock market over the last couple of months, and when you look at the monthly chart it really puts things into perspective.

The British pound pulled back initially during the course of the month but then broke above the crucial 1.3750 level, an area that had been massive resistance previously.

The euro has had a volatile month, and as you can see on the monthly chart, we are trying to form a bit of a hammer.

The US dollar has spent most of the month of February bouncing around between the 15.13 ZAR level and the 14.50 ZAR level.

Start the week of March 1, 2021 with our Forex forecast focusing on major currency pairs here.

The Euro rallied a bit during the trading session to slice above the 1.22 level, but then turned around to show signs of weakness.

The US dollar initially dipped below the 1.25 CAD level during the trading session on Thursday as oil spiked yet again.