Forex Daily Forecast, Analysis and Prediction

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of February 12th, 2022 here.

The GBP/USD traded slightly below the 1.19600 ratios last Tuesday and then began a reversal higher and came within the 1.21920 vicinities on Thursday.

The EUR/USD touched its lowest values as it went into the weekend, after exhibiting a choppy range which saw Thursday’s move higher run into a strong reversal downward.

This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.

The difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which direction, and not on the exact methods you might use to determine trade entries and exits.

The West Texas Intermediate Crude Oil market has initially fallen during the trading session on Thursday but turned around to show signs of life again.

The S&P 500 fell during the trading session on Thursday, reaching the 4100 level by the time midafternoon head.

The NZD/USD rallied to the 0.64 level during the trading session on Thursday but gave gain rather quickly to turn around and fall from the level.

The NASDAQ 100 initially tried to rally during the trading session but gave up gain yet again as it looks like we are in the process of forming some type of topping pattern.

Gold markets and try to rally during the trading session on Thursday but struggled again as we continue to see a lot of resistance above the $1880 level.

The USD/CAD has fallen initially during the trading session on Thursday but found buyers underneath the turnaround and form a bit of a hammer.

At this point, the market did pull back just a little bit of distance to reach down below the ¥131 level, but it has seen a little bit of support underneath there.

The GBP/USD rallied a bit during the trading session on Thursday, as we have broken above the 50-Day EMA and the 200-Day EMA indicators.

The EUR/USD tried to rally during the trading session on Thursday, breaking above the highs of the last couple of sessions.

The AUD/USD rallied a bit during the trading session on Thursday.