General Overview
The past week in financial markets was marked by high volatility, driven by mixed economic data and investor sentiment. The US dollar remains resilient amid expectations of Federal Reserve monetary policy, exerting pressure on major currency pairs. Gold continues its upward trend despite corrective pullbacks. Bitcoin ₿ is under selling pressure, but recovery attempts persist. Oil prices remain under pressure due to demand uncertainty and geopolitical factors.
In the upcoming week, markets will continue to react to macroeconomic data, changes in central bank rhetoric, and developments in commodity markets. Technical indicators suggest possible corrective movements in key assets.
EUR/USD
The EUR/USD pair ended the past week with a decline near 1.0387. Within the framework of a corrective movement, the formation of the “Triangle” pattern continues. Moving averages confirm a bearish trend. A downward breakout of the area between the signal lines indicates selling pressure, which may lead to a further decline in quotes to the support level of 1.0255, from where a rebound and recovery of the pair are expected, with a potential target above 1.0805.
An additional signal in favor of euro growth will be a test of the support line on the Relative Strength Index (RSI) and a rebound from the lower boundary of the “Triangle” pattern. The growth scenario will be canceled if the price breaks below 0.9965, which could lead to further declines towards 0.9645. A breakout of resistance and consolidation above 1.0645 will confirm the upward movement.
BTC/USD
Bitcoin ended the week at 79,552, continuing its decline within the framework of the “Triangle” pattern formation. Despite the bullish trend confirmed by moving averages, selling pressure persists, indicating a potential further fall in quotes. In the near term, a test of the resistance zone at 86,505 is possible, followed by another downward rebound and a decline in the asset to 61,605.
An additional signal for a decline will be a rebound from the lower boundary of the “Triangle” pattern and a test of resistance on the RSI. The bearish scenario will be canceled if Bitcoin breaks above 97,045, which could lead to further growth above 105,605. The downward movement will be confirmed by a break below 72,065.
Brent
Brent crude oil ended the week near $72.96 per barrel, remaining under selling pressure. Moving averages confirm a bearish trend, while a downward breakout of the signal line area suggests a continuation of the decline. A corrective rebound to the 79.45 level is expected, followed by a potential resumption of the downward movement towards $58.45 per barrel.
An additional signal for a decline will be a test of the resistance line on the RSI and a rebound from the upper boundary of the bearish channel. The decline scenario will be canceled if the price breaks above 85.05, opening the way for further growth above $92.65 per barrel.
XAU/USD
Gold continues to trade within an upward channel, confirming a strong bullish trend. A breakout of the signal line zone upwards suggests a potential continuation of price growth. However, in the near term, a corrective pullback to 2,835 is possible, after which a recovery and rise in XAU/USD to 3,075 are expected.
An additional signal in favor of gold’s rise will be a rebound from the trend line on the RSI and the lower boundary of the ascending channel. The growth scenario will be canceled if the price breaks below 2,735, which could lead to a decline below 2,665. A breakout of resistance and consolidation above 2,935 will confirm the uptrend.
Conclusion
Markets will remain influenced by macroeconomic factors and technical levels. The US dollar continues to pressure major currencies, Bitcoin ₿ remains in a corrective downtrend, oil maintains a bearish outlook, while gold shows strength despite potential pullbacks. Investors should closely monitor support and resistance levels, as breakouts of key areas may determine further asset movements.
