EUR/USD
🔹 Overall Sentiment:
Bearish – EUR/USD has maintained bearish sentiment for the past five days, currently trading at 1.15721. Sellers continue to dominate the market, driving prices steadily lower toward key support areas. The sustained downward momentum reflects weak buying interest and persistent pressure from a stronger dollar. Unless the pair reclaims higher resistance levels, the bias remains firmly to the downside.
🔹 Transition Zones:
1.15300 – 1.15750 – Bearish Transition Zone.
The first transition zone between 1.15300 – 1.15750 is now being tested as price consolidates near the lower boundary. A confirmed break below this zone could open the path for further bearish extension.
1.17300 – 1.17780 – Bearish Transition Zone.
The second transition zone at 1.17300 – 1.17780 remains a critical resistance range. Price would need to re-enter and hold above this area to signal a potential shift toward recovery.
🔹 Dynamic Support/Resistance Levels:
Price: 1.16300
Level 1 at 1.16300 acts as the nearest dynamic resistance. Any upward retracement is likely to face selling pressure around this level.
Price: 1.17180
Level 2 at 1.17180 represents a stronger resistance point aligning with the upper transition zone. A sustained move above it would be required to challenge the current bearish trend.
🔹 Commentary:
EUR/USD continues to exhibit a controlled descent, with lower highs confirming sustained bearish strength. Momentum remains in favor of sellers as the pair tests key support near 1.1570. Should this level fail to hold, downside targets may extend toward the 1.1500 region. For now, buyers remain cautious, with limited signals of a meaningful reversal on the horizon.
GBP/USD
🔹 Overall Sentiment:
Bearish – GBP/USD has sustained bearish sentiment for the past five days, with price currently trading at 1.32943. The pair has broken below recent structural support levels, confirming continued weakness in the pound. Selling pressure remains dominant as lower highs and lower lows define the short-term trend. Unless bullish momentum returns, the downward trajectory is likely to persist in the coming sessions.
🔹 Transition Zones:
1.35300 – 1.35650 – Bearish Transition Zone.
The first transition zone between 1.35300 – 1.35650 served as a prior consolidation area before sellers regained control. This zone now acts as a strong resistance barrier against any recovery attempts.
1.34450 – 1.34730 – Bullish Transition Zone.
The second transition zone at 1.34450 – 1.34730 also represents a key rejection area where buying momentum previously failed to gain traction. A decisive close above this zone would be required to challenge the ongoing bearish structure.
🔹 Dynamic Support/Resistance Levels:
Price: 1.34170
Level 1 at 1.34170 now functions as immediate dynamic resistance following the recent breakdown. Any retest toward this level may attract renewed selling pressure.
Price: 1.35650
Level 2 at 1.35650 remains the upper resistance threshold and a critical point for trend reversal confirmation. A sustained move above it would indicate a significant shift in sentiment.
🔹 Commentary:
GBP/USD continues to weaken as sellers maintain firm control over market direction. The recent break below 1.3400 has opened the path for further downside, potentially targeting the 1.3200 zone. Momentum indicators support the bearish outlook, with no signs of exhaustion yet visible. Traders should monitor for potential short-term pullbacks, but overall sentiment remains strongly negative.
GOLD (XAU/USD)
🔹 Overall Sentiment:
Bullish – XAU/USD has maintained a strong bullish sentiment throughout the past week, currently trading at 3993. Buyers continue to dominate the market as momentum remains firmly upward. The metal has extended its rally after multiple breakout confirmations, supported by strong volume and sustained higher highs. Despite a minor pullback from recent peaks, the overall trend structure remains intact.
🔹 Transition Zones:
3352 – 3380 – Bearish Transition Zone.
The first transition zone between 3352 – 3380 served as a major accumulation area that initiated the latest bullish leg. It continues to represent a critical long-term support base for gold.
3732 – 3765 – Bearish Transition Zone.
The second transition zone at 3732 – 3765 provided a solid launching point for the most recent upward surge. Price stability above this zone confirms the strength of the ongoing bullish momentum.
🔹 Dynamic Support/Resistance Levels:
Price: 3405
Level 1 at 3405 remains a foundational support zone where buying pressure has consistently emerged during past corrections. Holding above this level reinforces the longer-term bullish bias.
Price: 3625
Level 2 at 3625 serves as an intermediate support aligned with recent market consolidations. A continued defense of this level indicates strong buyer interest and healthy trend structure.
🔹 Commentary:
Gold continues to demonstrate strength, driven by risk sentiment and steady safe-haven demand. The sustained climb above key support levels underscores investor confidence in further upside potential. However, short-term overextension may invite brief corrections before the next move higher. As long as price remains above 3625, the bullish trajectory toward 4050 and beyond remains well-supported.
WTI (Crude Oil)
🔹 Overall Sentiment:
Bearish – WTI has shown bearish sentiment for the past two days, currently trading at 61.09. The market continues to struggle to establish sustained upward momentum after recent recoveries. Selling pressure has re-emerged as price failed to maintain gains above short-term resistance. Momentum remains tilted to the downside as traders react to weakening demand signals and technical rejections.
🔹 Transition Zones:
62.80 – 63.20 – Bullish Transition Zone.
The first transition zone between 62.80 – 63.20 acted as a short-term resistance area where buyers lost control. Price repeatedly rejected this region, signaling bearish strength and renewed downside pressure.
64.35 – 65.65 – Bearish Transition Zone.
The second transition zone at 64.35 – 65.65 remains a major supply area that capped previous bullish attempts. Until price can break decisively above it, the broader trend will likely remain bearish.
🔹 Dynamic Support/Resistance Levels:
Price: 61.65
Level 1 at 61.65 is the immediate dynamic support now being tested. A confirmed break below this level could accelerate bearish momentum toward lower lows.
Price: 65.10
Level 2 at 65.10 serves as an upper resistance level, marking the ceiling of the previous trading range. A reversal above this point would be needed to invalidate the current bearish structure.
🔹 Commentary:
WTI continues to exhibit weakness after failing to hold above the key mid-60 levels. The recent pullback reflects fading bullish conviction and an ongoing rebalancing between supply expectations and global demand. Technical indicators suggest that sellers remain in control, with lower highs reinforcing downside bias. If price sustains below 61.50, further declines toward the 60.00 handle are likely in the short term.
S&P 500
🔹 Overall Sentiment:
Bullish – The S&P 500 has maintained bullish sentiment for the past week and a half, currently trading at 6735. Momentum remains strong as the index consolidates near its recent highs. Buyers continue to defend short-term support levels, suggesting sustained market confidence. The structure remains bullish, though mild pullbacks could occur before another potential leg higher.
🔹 Transition Zones:
6345 – 6370 – Bullish Transition Zone.
The first transition zone between 6345 – 6370 provided a solid foundation for the latest rally, acting as a base for renewed upward momentum. Price stability in this area highlights consistent institutional buying interest.
6465 – 6500 – Bearish Transition Zone.
The second transition zone at 6465 – 6500 represents a mid-range consolidation area that transformed into strong support. It now serves as a key re-entry point for bullish participants should a correction occur.
🔹 Dynamic Support/Resistance Levels:
Price: 6445
Level 1 at 6445 continues to provide dynamic support, reinforcing the integrity of the broader uptrend. As long as price holds above this level, bullish control is expected to persist.
Price: 6570
Level 2 at 6570 marks the nearest dynamic resistance level, where mild profit-taking may emerge. A clear break above this zone could signal the continuation of the upward trajectory.
🔹 Commentary:
The S&P 500 continues to display resilience despite intermittent market volatility. Buyers remain in command, with momentum indicators supporting the prevailing bullish structure. A breakout above 6570 could open the path toward new highs, while a retracement to 6500 may offer fresh buying opportunities. Overall, sentiment remains positive as the index consolidates within a strong upward channel.
BTC/USD (Bitcoin)
🔹 Overall Sentiment:
Bearish – BTC/USD has displayed bearish sentiment for the past two days, currently trading at 121,761. After an extended rally, the pair is showing signs of exhaustion and mild correction pressure. Sellers have begun to regain short-term control, leading to retracements from recent highs. Despite this pullback, the broader market structure remains supportive as long as major support zones hold.
🔹 Transition Zones:
113,750 – 114,350 – Bearish Transition Zone.
The first transition zone between 113,750 – 114,350 previously served as a key breakout area during the latest bullish wave. It now represents a crucial region where buyers may look to re-enter if price revisits this zone.
110,050 – 111,050 – Bearish Transition Zone.
The second transition zone at 110,050 – 111,050 acted as a consolidation floor during the prior accumulation phase. This area remains an important safety net for bullish continuation in the medium term.
🔹 Dynamic Support/Resistance Levels:
Price: 110,450
Level 1 at 110,450 continues to hold as a foundational dynamic support level. A sustained defense above it would confirm the market’s ability to maintain upward structure despite current retracements.
Price: 114,800
Level 2 at 114,800 represents immediate resistance and a critical pivot area for sentiment reversal. A successful reclaim above this point could invalidate the short-term bearish momentum.
🔹 Commentary:
Bitcoin is undergoing a natural correction after an impressive multi-day uptrend. Short-term traders are taking profits, but overall trend indicators still favor higher prices if support remains intact. Volatility is expected to persist as buyers and sellers battle for dominance around 121,000. Holding above 114,000 keeps the broader bullish structure alive, while a drop below 110,000 would suggest a deeper retracement phase ahead.