Daily market analysis by NordFX

[Stan NordFX]

Forex and Cryptocurrency Forecast for February 24 - 28, 2025

The past week saw significant movements in the forex and cryptocurrency markets, with the EUR/USD pair experiencing a correction within a descending channel, gold continuing its bullish trajectory, and bitcoin maintaining its upward trend within a correction phase. Looking ahead to the upcoming week, traders should anticipate further developments in these trends, with key support and resistance levels likely to play a crucial role in shaping market direction. The euro remains under pressure against the dollar, gold may face resistance before a potential pullback, and bitcoin continues to consolidate before a possible breakout.

EUR/USD

The EUR/USD pair closed the previous trading week near 1.0473, showing signs of recovery but still within a bearish correction. Moving averages indicate a prevailing downward trend, and the pair's recent break below the signal lines suggests sustained selling pressure. The coming week may see an attempt to decline further towards the 1.0085 support level, from where an upward rebound is likely. Should this occur, the euro could advance towards a potential resistance target at 1.0795.
An additional factor supporting a possible recovery is the relative strength index (RSI), which signals a test of the support line. The lower boundary of the descending channel could also act as a point of reversal. However, a decisive break below 0.9875 would invalidate the bullish recovery scenario, suggesting further decline towards 0.9585. Confirmation of continued growth would require a breakout above 1.0645, which would signal an exit from the descending channel and reinforce a bullish outlook for the euro.

XAU/USD

Gold ended the previous week with growth near the 2927 level, continuing to move within a bullish channel. The moving averages indicate a strong upward trend, and the breakout above the signal lines suggests that buyers still dominate the market. In the coming week, gold may attempt to test the resistance level near 2945, followed by a possible downward correction. If the pullback occurs, XAU/USD could decline towards 2735 before a potential rebound.
A further signal supporting a bearish correction is a test of the trend line on the RSI, alongside a rejection from the upper boundary of the bullish channel. However, if gold sees a strong rally past the 3025 resistance level, this could confirm the continuation of the bullish trend, pushing prices towards 3145. Conversely, a confirmed breakout below 2905 would validate the bearish correction and signal further declines.

BTC/USD

Bitcoin closed the trading week at 98,224, continuing to move within a correction phase while maintaining its broader bullish trend. The moving averages suggest an ongoing uptrend, with prices breaking above the signal lines, indicating strong buying interest. In the upcoming week, BTC/USD may attempt to retest support near 94,505 before resuming its upward trajectory. If the rebound occurs, bitcoin could target a resistance level above 130,605.
Technical factors support this scenario, with a potential bounce from the lower boundary of a "Triangle" pattern and a test of the RSI support line. However, a decisive drop below 81,505 would invalidate the bullish outlook, suggesting a further decline towards 75,455. A confirmed breakout above 108,605 would reinforce the bullish trend, signaling a potential breakout from the "Triangle" pattern with an extended target towards the upside.

The upcoming trading week presents key levels to watch across forex and cryptocurrency markets. The EUR/USD pair remains under bearish pressure but could see a recovery if support holds, while gold's bullish trend faces a test at resistance levels. Bitcoin continues its upward correction, with the potential for further gains if it rebounds from support. Traders should monitor price action closely, as breakouts or breakdowns at critical levels will determine the next major moves across these markets.

NordFX Analytical Group

Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.

 

[Stan NordFX]

Forex and Cryptocurrency Forecast for February 24 - 28, 2025

The past week saw significant movements in the forex and cryptocurrency markets, with the EUR/USD pair experiencing a correction within a descending channel, gold continuing its bullish trajectory, and bitcoin maintaining its upward trend within a correction phase. Looking ahead to the upcoming week, traders should anticipate further developments in these trends, with key support and resistance levels likely to play a crucial role in shaping market direction. The euro remains under pressure against the dollar, gold may face resistance before a potential pullback, and bitcoin continues to consolidate before a possible breakout.

EUR/USD

The EUR/USD pair closed the previous trading week near 1.0473, showing signs of recovery but still within a bearish correction. Moving averages indicate a prevailing downward trend, and the pair's recent break below the signal lines suggests sustained selling pressure. The coming week may see an attempt to decline further towards the 1.0085 support level, from where an upward rebound is likely. Should this occur, the euro could advance towards a potential resistance target at 1.0795.
An additional factor supporting a possible recovery is the relative strength index (RSI), which signals a test of the support line. The lower boundary of the descending channel could also act as a point of reversal. However, a decisive break below 0.9875 would invalidate the bullish recovery scenario, suggesting further decline towards 0.9585. Confirmation of continued growth would require a breakout above 1.0645, which would signal an exit from the descending channel and reinforce a bullish outlook for the euro.

XAU/USD

Gold ended the previous week with growth near the 2927 level, continuing to move within a bullish channel. The moving averages indicate a strong upward trend, and the breakout above the signal lines suggests that buyers still dominate the market. In the coming week, gold may attempt to test the resistance level near 2945, followed by a possible downward correction. If the pullback occurs, XAU/USD could decline towards 2735 before a potential rebound.
A further signal supporting a bearish correction is a test of the trend line on the RSI, alongside a rejection from the upper boundary of the bullish channel. However, if gold sees a strong rally past the 3025 resistance level, this could confirm the continuation of the bullish trend, pushing prices towards 3145. Conversely, a confirmed breakout below 2905 would validate the bearish correction and signal further declines.

BTC/USD

Bitcoin closed the trading week at 98,224, continuing to move within a correction phase while maintaining its broader bullish trend. The moving averages suggest an ongoing uptrend, with prices breaking above the signal lines, indicating strong buying interest. In the upcoming week, BTC/USD may attempt to retest support near 94,505 before resuming its upward trajectory. If the rebound occurs, bitcoin could target a resistance level above 130,605.
Technical factors support this scenario, with a potential bounce from the lower boundary of a "Triangle" pattern and a test of the RSI support line. However, a decisive drop below 81,505 would invalidate the bullish outlook, suggesting a further decline towards 75,455. A confirmed breakout above 108,605 would reinforce the bullish trend, signaling a potential breakout from the "Triangle" pattern with an extended target towards the upside.

The upcoming trading week presents key levels to watch across forex and cryptocurrency markets. The EUR/USD pair remains under bearish pressure but could see a recovery if support holds, while gold's bullish trend faces a test at resistance levels. Bitcoin continues its upward correction, with the potential for further gains if it rebounds from support. Traders should monitor price action closely, as breakouts or breakdowns at critical levels will determine the next major moves across these markets.

NordFX Analytical Group

Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.

 

[Stan NordFX]

Forex and Cryptocurrency Forecast for March 03 - 07, 2025

The past week saw notable market fluctuations across major Forex and cryptocurrency pairs, with the euro weakening against the dollar, gold maintaining its bullish momentum, and bitcoin experiencing downward pressure despite an overall long-term uptrend. Moving into the first full week of March, volatility is expected to persist, driven by macroeconomic indicators, central bank comments, and investor sentiment. The euro is showing signs of a possible rebound, gold is poised to continue its bullish trajectory, and bitcoin faces key support and resistance levels that could define its next major move.

EUR/USD

The euro-dollar pair ended the week lower, closing near 1.0387 as it remained within a corrective phase and formed a "Triangle" pattern. Technical indicators suggest a bearish trend, with the price breaking through key moving average signals. Sellers appear to be in control, pointing to a possible continuation of the downtrend. In the coming week, an attempt to test the support zone near 1.0255 is expected, followed by a potential rebound that could push the pair towards the 1.0805 level.
A test of the support line on the Relative Strength Index (RSI) would confirm the likelihood of an upward correction. Additionally, a bounce from the lower boundary of the "Triangle" pattern would reinforce bullish prospects. However, if the pair breaks below 0.9965, the bearish outlook will be confirmed, potentially driving the euro down to 0.9645. A breakout above 1.0645, on the other hand, would signal renewed bullish momentum, indicating a possible breach of the upper boundary of the "Triangle" and setting targets higher.

XAU/USD

Gold remains within a strong bullish trend, with the price continuing to move inside an ascending channel. The breakout above key moving average levels confirms ongoing buying pressure. However, a temporary correction could lead to a test of support near 2835 before prices resume their uptrend. If this scenario plays out, the next upside target lies above 3075.
Further confirmation of gold's bullish continuation would come from an RSI trendline rebound and a bounce from the lower boundary of the channel. Should the price fall and break below 2735, the bullish outlook would be invalidated, signaling a potential decline towards 2665. On the upside, a breakout and close above 2935 would affirm the continuation of the upward movement, keeping gold on track for new highs.

BTC/USD

Bitcoin ended the week at 79,552, staying within a downtrend as it moves towards completing the "Triangle" pattern. While the long-term trend remains upward, the cryptocurrency is currently under selling pressure, as indicated by its break below key moving average signals. A short-term recovery is possible, with an expected test of resistance near 86,505 before renewed downward momentum potentially drives the price towards 61,605.
A confirmation of the bearish scenario would come from a bounce off the lower boundary of the "Triangle" and rejection at the RSI resistance line. If bitcoin manages to break and sustain above 97,045, the bearish outlook would be negated, opening the way for further gains towards 105,605. Conversely, a break below 72,065 would indicate stronger selling pressure and confirm the continuation of the bearish movement.

The upcoming trading week presents a mix of opportunities and risks across Forex and cryptocurrency markets. The euro remains under pressure but could see a recovery if it holds key support levels. Gold continues its bullish momentum, though a short-term correction is likely before further gains. Bitcoin is at a critical juncture, with a possible rebound before a continued decline unless it breaks key resistance. Traders should stay vigilant, monitor economic developments, and prepare for potential volatility in the days ahead.

NordFX Analytical Group

Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.

 

[Stan NordFX]

Forex and Cryptocurrency Forecast for March 10 - 14, 2025

The past trading week saw significant movements across major financial instruments, with notable volatility in forex, gold, and cryptocurrency markets. The euro demonstrated strong growth against the US dollar, while gold remained within its bullish channel despite undergoing a correction. Bitcoin continued to test key levels, showing signs of both support and resistance as it fluctuated within a downward correction channel.
Looking ahead to the upcoming week, market participants should brace for continued fluctuations driven by economic data releases, central bank policy expectations, and broader risk sentiment. EUR/USD is poised for potential gains despite facing resistance, gold may extend its uptrend following a correction, and bitcoin remains at a critical juncture where a further decline could signal a deeper correction.

EUR/USD

The EUR/USD pair closed the previous week with strong growth, settling near 1.0837. Despite the overall bearish trend indicated by moving averages, prices have broken above the signal lines, suggesting renewed bullish momentum. In the coming week, the pair may initially experience a pullback towards the support area at 1.0655 before rebounding and continuing its upward trajectory. The primary growth target for the euro stands above 1.1175.
A key factor supporting this potential rise is a test of the support line on the relative strength index (RSI), which historically signals upward reversals. Additionally, a bounce from the lower boundary of the bullish channel would reinforce this scenario. However, a decline below 1.0505 would invalidate the bullish outlook, potentially triggering a deeper fall towards 1.0245. Confirmation of sustained growth would require a breakout above 1.0885, which would indicate a breach of the upper boundary of the descending channel.

XAU/USD

ongoing bullish trend. Moving averages continue to reflect an upward trajectory, and the price action suggests that buyers remain in control. For the upcoming week, a short-term decline towards the support level at 2865 is likely before an upward reversal leads to further gains. The primary target for gold remains above 3085.
An additional confirmation of the bullish scenario will be a rebound from the trend line on the RSI, as well as a reaction at the lower boundary of the bullish channel. However, a drop below 2745 would signal the cancellation of this bullish outlook, potentially driving prices down towards 2675. Conversely, a breakout above 2965 would reinforce expectations of continued growth.

BTC/USD

Bitcoin concluded the previous week at 88,497, maintaining its position within a broader corrective phase. Although the moving averages still point to an overall uptrend, the market is currently facing downward pressure. In the week ahead, BTC/USD may test the support level at 86,505 before attempting another upward move towards 115,685.
A rebound from the lower boundary of the bullish channel or the RSI trend line would support this bullish scenario. However, if bitcoin breaks below 72,305, it would invalidate the upward trend and could lead to a deeper decline, with a target at 66,405. A confirmed bullish continuation would require a breakout above 96,055, which would indicate a shift back towards a more aggressive upward trend.

The coming trading week is expected to bring heightened market activity, with EUR/USD seeking support before resuming its climb, gold aiming for further gains after a correction, and bitcoin standing at a crucial technical threshold. Key support and resistance levels will determine the next major movements for each asset. Traders should remain vigilant to economic releases and technical indicators to navigate the evolving market landscape effectively.

NordFX Analytical Group

Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.

 

[Stan NordFX]

Forex and Cryptocurrency Forecast for March 24 - 28, 2025

In the week leading up to March 21, 2025, financial markets saw mixed dynamics across major instruments. The euro weakened against the dollar amid economic concerns in the eurozone and expectations of tighter US trade policy. Gold surged to new highs as demand for safe-haven assets intensified, while bitcoin experienced sharp intraday swings, reflecting an ongoing tug-of-war between bullish sentiment and technical corrections. As we move into the final week of March, investors will remain focused on key macroeconomic indicators, geopolitical developments, and monetary policy cues that could set the tone for market direction.

EUR/USD

The EUR/USD pair ended the past week with a moderate decline, closing around 1.0815. While the overall trend remains bearish, technical indicators show signs of a potential corrective rebound. The pair is currently trading just above key support near 1.0800. A short-term move towards the 1.0870–1.0905 resistance area remains likely, driven by temporary dollar softness. However, failure to break above this resistance could result in renewed selling pressure, pushing the pair back towards 1.0750 or even lower. A decisive drop below 1.0635 would confirm a bearish breakout, while a breakout above 1.1115 could open the way to 1.1375, marking a shift to a stronger upward trend.

XAU/USD

Gold (XAU/USD) ended the week with aggressive gains, closing near $3,033 after briefly reaching a record high of $3,057. The uptrend remains strong, supported by expectations of lower interest rates and elevated geopolitical risk. However, with such rapid growth, a temporary correction cannot be ruled out. A pullback towards the support level at $2,935 is possible before buyers regain control. If the bullish trend resumes, the next target lies above $3,145. Should prices break below $2,875, this would signal a shift in sentiment and may lead to a decline towards $2,725. For now, momentum remains with the bulls, and dips are likely to be viewed as buying opportunities.

BTC/USD

Bitcoin closed the week at around $83,888, after an eventful few days that saw the cryptocurrency surge near $90,000 before retreating. The broader trend remains bullish, though the market appears to be undergoing a consolidation phase. Current technical conditions suggest a possible test of support near $80,875, from where a fresh upward move could begin, targeting a potential rally above $106,500. A rebound from the lower boundary of the bullish channel and support on the RSI would reinforce the bullish case. However, a fall below $73,605 would indicate a breakdown in structure and increase the risk of decline towards the $65,445 area. A breakout above $91,505 would confirm renewed bullish momentum.

The upcoming week promises to be pivotal across forex and crypto markets. EUR/USD may attempt a corrective rebound but remains vulnerable to renewed dollar strength. Gold continues to benefit from risk-off flows and may extend gains following any pullback. Bitcoin, despite its recent volatility, retains upside potential as long as key support levels hold. With global financial and political developments in flux, traders should remain flexible and alert to both technical signals and fundamental shifts that could redefine market trajectories.

NordFX Analytical Group

Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.

 

[Stan NordFX]

Forex and Cryptocurrency Forecast for April 28–May 02, 2025

The past week was marked by strong growth in both traditional and digital assets. The euro demonstrated notable strengthening against the dollar, gold continued to climb aggressively, and bitcoin maintained its position within a bullish channel. As we move into the coming week, investors should be prepared for potential corrections across all three instruments, followed by renewed attempts at growth or continued trends depending on key technical levels.

EUR/USD

The EUR/USD currency pair ended the previous trading week with confident gains, closing near 1.1364. Moving averages indicate the formation of a bullish trend, with prices having broken through the area between the signal lines upwards, confirming the buyers’ pressure on the European currency. In the coming week, an attempt to continue the bullish correction is expected, with quotes likely to test the resistance area around 1.1525. However, from this level, a downward rebound is anticipated, followed by a continuation of the pair’s decline towards the area below 1.0795.

An additional signal supporting a decline in EUR/USD would be a test of the resistance line on the relative strength indicator (RSI), alongside a possible rebound from the upper boundary of the bullish channel. A cancellation of the downward scenario would require strong growth and a breakout above 1.1765, which would open the way for a further rise towards the 1.1995 level. On the downside, confirmation of continued weakening would come if quotes break and close below 1.1205, signalling a breakout of the bullish correction channel’s lower border.

XAU/USD

Gold ended the trading week with sharp gains, closing near the 3319 area. XAU/USD continues to move within a correction and a bullish channel, with moving averages pointing to the preservation of the upward trend. Buyers have successfully pushed prices upwards through the area between the signal lines, reinforcing expectations of further growth. In the early part of the new week, a bearish correction could develop, with a likely test of the support level near 3195. After this, a rebound is expected, followed by continued growth towards a potential target above 3745.

A further signal favouring continued growth would be a rebound from the trend line on the RSI, as well as a bounce from the lower boundary of the bullish channel. A cancellation of the growth scenario would require a fall and a breakout below the 3145 area, which would indicate a breakdown of the bullish channel’s lower boundary and a potential decline in gold prices towards 2775. Confirmation of renewed growth will be provided by a breakout above the resistance area and the closing of quotes above 3425.

BTC/USD

Bitcoin finished the trading week at the 94720 level, continuing its movement within a well-defined bullish channel. Moving averages confirm the presence of an upward trend, with prices breaking through the area between the signal lines, highlighting strong demand from buyers. In the short term, a bearish correction is possible, with a test of the support area near 87305 anticipated. From this zone, an upward rebound is expected, leading to a potential continuation of the rise towards 125605.

An additional signal favouring bitcoin’s growth will be a rebound from the bullish channel’s lower boundary, supported by a test of the support line on the RSI. The growth scenario could be cancelled if BTC/USD falls and breaks through the 72565 level, which would suggest a further decline towards 64505. A breakout above the resistance area and a closing of quotes above 98505 will confirm the continuation of the bullish trend.

Conclusion

The overall market picture remains tilted towards bullish trends for the euro, gold, and bitcoin, although the coming days may bring corrective movements as part of broader upward structures. Key resistance and support levels will play a decisive role in determining whether the corrections are short-lived or signal a deeper reversal. Traders should remain alert to breakouts of major technical boundaries, which will offer clearer signals for the further development of trends during the week from April 28 to May 2, 2025.

NordFX Analytical Group



Disclaimer: These materials are not an investment recommendation or a guide for working on financial markets and are for informational purposes only. Trading on financial markets is risky and can lead to a complete loss of deposited funds.

 

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[Stan NordFX]

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[Stan NordFX]

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