Forex Daily Forecast, Analysis and Prediction

The $5,000 level has been crucial for most of the month of February, and the reaction to the horrific selling at the end of January, gives me hope for this market.

The Euro has been very choppy during the month of February as traders are trying to figure out where the two central banks are heading at the moment.

The crude oil market has been rangebound for the month of February but seems to be “perking up” as we leave February.

Bitcoin has been extraordinarily negative during February, as traders cannot find a reason to push the market higher. In fact, narrative after narrative has been wiped out.

EUR/USD Forex Signal: War Oil Fears Send USD Flying

The euro rallied ever so slightly on Friday, as we continue to see a nice set up for day trading, but longer-term moves are still waiting for clarity.

Gold has seen some buying pressure again on Friday, as traders have plenty of reasons to believe that this is still a bullish market.

The NASDAQ 100 has seen a bit of selling pressure at the moment, as we continue to worry about interest rates, as PPI came out hotter than anticipated.

Silver rose again on Friday, as we continue to see concerns about supply for the markets.

The US dollar fell to kick off the session on Friday, only to turn things around near the 50 Day EMA.

The Bitcoin market continues to be a tough place to be, but could also offer opportunities going forward.

The British pound has been very noisy in the Friday session, but at this point, it is difficult to get involved until a few levels get broken.

The US dollar rose a bit in the Friday session against the Indian rupee, as the trend remains solid, albeit sluggish.

This pair continues to see a bit of selling pressure, as the downtrend continues to be a massive factor in this market.

The USD/MXN pair continues to see a lot of support just below current levels, but in the end, this remains “fade the rally” at this point.