Monthly Forex Forecast

Oil markets have been very volatile during the month of February, but by the time we started to close out the final week, it should be noted that the gains were fairly temperate.

USD/INR: Higher Range Challenged Amidst Turbulent Conditions

Ethereum: Headwinds Remain Strong, Speculators await Change

Bitcoin: Choppy Month of Results behind and Concerns Ahead

Cardano: Long Term Lows Being Created, Nervousness Escalates

The British pound has tried to rally during most of the month of February but continues to find quite a bit of resistance above.

The euro has had a rather tough month of February, as concerns about war on the Ukrainian border have caused a flight to safety.

Gold markets have exploded to the upside during the month of February as global geopolitical risks continue to capture the headlines, right along with inflationary headwinds.

LTC/USD has traded below July 2021 lows and is actually challenging support levels from December 2020 as February 2022 is ready to begin.

DOT/USD is ready to start February trading in the midst of a bearish trend, which is now bouncing along critical support ratios as speculators consider their next wagers.

SHIB/USD has suffered from a strong bearish trend during January, and as the month of February gets ready to start, dangerous lows are being tested.

XRP/USD is trading within sight of important July 2021 values as Ripple has continues to traverse lower and test important support levels.

Bitcoin has provided speculative traders worldwide a source of talking points, and as February approaches, the debate will rage on.

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.