Forex andCryptocurrency Forecast for February 24 - 28, 2025
The past week saw significant movements in theforex and cryptocurrency markets, with the EUR/USD pair experiencing acorrection within a descending channel, gold continuing its bullish trajectory,and bitcoin maintaining its upward trend within a correction phase. Lookingahead to the upcoming week, traders should anticipate further developments inthese trends, with key support and resistance levels likely to play a crucialrole in shaping market direction. The euro remains under pressure against the dollar,gold may face resistance before a potential pullback, and bitcoin continues toconsolidate before a possible breakout.
EUR/USD
The EUR/USD pair closed the previous trading weeknear 1.0473, showing signs of recovery but still within a bearish correction.Moving averages indicate a prevailing downward trend, and the pair's recentbreak below the signal lines suggests sustained selling pressure. The comingweek 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 couldadvance towards a potential resistance target at 1.0795.
An additional factor supporting a possible recoveryis 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 ofreversal. However, a decisive break below 0.9875 would invalidate the bullishrecovery scenario, suggesting further decline towards 0.9585. Confirmation ofcontinued growth would require a breakout above 1.0645, which would signal anexit from the descending channel and reinforce a bullish outlook for the euro.
XAU/USD
Gold ended the previous week with growth near the2927 level, continuing to move within a bullish channel. The moving averagesindicate a strong upward trend, and the breakout above the signal linessuggests that buyers still dominate the market. In the coming week, gold mayattempt to test the resistance level near 2945, followed by a possible downwardcorrection. If the pullback occurs, XAU/USD could decline towards 2735 before apotential rebound.
A further signal supporting a bearish correction isa test of the trend line on the RSI, alongside a rejection from the upperboundary of the bullish channel. However, if gold sees a strong rally past the3025 resistance level, this could confirm the continuation of the bullishtrend, pushing prices towards 3145. Conversely, a confirmed breakout below 2905would 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 broaderbullish trend. The moving averages suggest an ongoing uptrend, with pricesbreaking above the signal lines, indicating strong buying interest. In theupcoming week, BTC/USD may attempt to retest support near 94,505 beforeresuming its upward trajectory. If the rebound occurs, bitcoin could target aresistance level above 130,605.
Technical factors support this scenario, with apotential bounce from the lower boundary of a "Triangle" pattern anda test of the RSI support line. However, a decisive drop below 81,505 wouldinvalidate the bullish outlook, suggesting a further decline towards 75,455. Aconfirmed breakout above 108,605 would reinforce the bullish trend, signaling apotential breakout from the "Triangle" pattern with an extendedtarget towards the upside.
Conclusion
The upcoming trading week presents key levels towatch across forex and cryptocurrency markets. The EUR/USD pair remains underbearish pressure but could see a recovery if support holds, while gold'sbullish trend faces a test at resistance levels. Bitcoin continues its upwardcorrection, with the potential for further gains if it rebounds from support.Traders should monitor price action closely, as breakouts or breakdowns atcritical levels will determine the next major moves across these markets.
NordFX Analytical Group
Disclaimer:These materials are not an investment recommendation or a guide for working onfinancial markets and are for informational purposes only. Trading on financialmarkets is risky and can lead to a complete loss of deposited funds.
