Monthly Forex Forecast

ETH/USD is set to begin February’s trading with a raging battle as short-term optimism is confronted by mid-term results and perspective.

As of this writing, we are seeing the S&P 500 try to stabilize itself near the 50-week EMA and/or the 4200 level.

The NASDAQ 100 has spent most of the month of January falling apart, which makes sense considering that the higher interest rates tend to bring down valuations in highflying stocks.

Before going into the last weekend before the month of February, gold displayed a sudden and violent amount of price action, probably wiping out some trading positions.

WTI Crude Oil appears ready to begin February trading with a two-month upwards trend firmly established, as a variety of concerns help fuel bullish sentiment.

The US dollar rallied from the 50-week EMA against the Indian rupee in January and has seen strength against almost all currencies.

The US dollar saw a resurgence during the month of January, as inflationary pressures are forcing the Federal Reserve to tighten monetary policy.

The euro fell apart during the last week of January, the finale to what had been a very noisy and choppy sideways market.

Sudden Jump Higher After Vital Mid-Term Lows Touched

Negative Price Trend Still Shadowing Speculators

Trend Likely Causing Nervousness Among Speculators

Sudden Downturn Confronting Crucial Support Levels

Downturn May Spark Concerns for Some Speculators

Trend Remains Ugly as Crucial Lows Get Contested

WTI Crude Oil has experienced choppy trading as nervous sentiment has stirred the value of the commodity, but as January approaches the trend higher is solid.