Final week might be described as loopy. Our forecast for the important thing developments turned out to be 100% correct. Nonetheless, we didn’t anticipate such a surge in irregular volatility. Markets reacted in panic to the escalation of sanctions rhetoric and harsh steps by america towards Iran. This undermined confidence within the US greenback and triggered a capital outflow into gold and commodities. Within the second half of the week, the greenback partially recovered amid profit-taking and rising demand for liquidity, gold moved into correction, whereas oil held close to its highs as a result of persistent dangers of provide disruptions.
💶 EUR/USD
For the reason that summer season of 2025, EUR/USD has been shifting inside the 1.1470-1.1830 vary. Final week, bulls pushed the pair past this channel. After surging by 250 factors, the pair reached 1.2083 after which returned nearly to the place it began, again to the 1.1850 stage. On the identical time, shifting averages proceed to point a bullish medium-term pattern. Counting on assist at 1.1820-1.1830, EUR/USD might try a brand new rise. The closest resistance is at 1.1900, adopted by 1.1975, with the goal being consolidation within the 1.2000-1.2100 zone. A breakout beneath the 1.1820-1.1830 assist would cancel the bullish situation and will result in a decline towards the 1.1700 space, with the following assist at 1.1580-1.1620.
🟠 Bitcoin (BTC/USD)
The panic-driven exit of buyers from danger property additionally affected bitcoin. On Friday, January 30, BTC/USD fell to its November 2025 lows, reaching a backside at 80,944. On Saturday, it’s buying and selling round 83,000. Through the upcoming week, BTC/USD might try to type a corrective transfer towards the 84,150-84,600 space, with the following targets at 86,500-87,700 and 90,500-91,000. A assured breakout above 91,000 would cancel the unfavourable situation and open the best way for progress towards 95,000. From the 84,600 and 86,500 ranges, a rebound downward towards 80,540 is feasible, with a possible goal close to 74,500.
🛢 Brent Crude Oil
Brent crude oil ended the week close to the higher boundary of the long-term descending channel through which it has been shifting since October 2023. The most recent stage was marked at $69.72 per barrel. Additional motion will rely upon the diploma of stress in relations between america and Iran. Within the occasion of additional escalation, Brent might try to develop a bullish correction and check the 72.70 resistance space, with targets at 76.15 and 77.75. If costs rebound downward from the higher boundary of the descending channel, the closest goal would be the 66.00 space, adopted by 65.00 and 63.50.
🥇 Gold (XAU/USD)
Such strikes have by no means been seen within the gold market earlier than – volatility reached almost 20% inside only a few days. First, the worth surged to $5,595 per ounce after which collapsed to 4,483, after which it stabilised at 4,891. Per week in the past, we warned a couple of doable bull lure. The lure did certainly work, however solely when the worth approached not 5,000, however 5,600. This week, XAU/USD might proceed its downward correction and try to check the 4,535-4,675 space, with the following sturdy assist at 4,200-4,350. A breakout beneath this zone would cancel the bullish situation and point out a deeper correction towards $3,350. The closest resistance is round 5,000, adopted by 5,600, whereas the principle goal for bulls now stands at 6,000.
📈 Key Occasions and Baseline Situations of the Week
Within the coming week, the important thing occasion in america would be the publication of the labour market report, in addition to knowledge on enterprise exercise and inflation expectations. In Europe, the main focus will shift to PMI figures and feedback from ECB representatives. In commodity markets, geopolitical components proceed to play a task, sustaining heightened value sensitivity to any new alerts.
Baseline eventualities: EUR/USD – cautiously bullish whereas the worth holds above 1.1830. BTC/USD – neutral-to-bearish whereas the worth stays beneath 90,500-91,000. Brent – cautiously bearish whereas costs keep beneath 72.70. XAU/USD – preservation of the bullish construction whereas gold stays above 4,535-4,675.
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