EUR/USD
🔹 Overall Sentiment:
Bearish – The sentiment has been bearish for the past four days, as reflected by the red bar on the Cygni 77 indicator. The market is showing consistent downward momentum, with lower lows and lower highs, indicating a continuation of the bearish trend.
🔹 Transition Zones:
1.08650 – 1.09200 – Bearish Transition Zone.
This zone has historically served as a strong support area. The market has recently broken below this level, signaling a continuation of the bearish momentum. If the price revisits this area, it may act as a significant resistance zone, potentially offering shorting opportunities.
1.12650 – 1.13600 – Bearish Transition Zone.
This range marks the transition from a bullish phase to the current bearish trend. With the market trading below this zone, it will likely act as resistance if any price attempts to rally back. If price revisits this area, sellers may step in, reinforcing the downward trend.
🔹 Dynamic Support/Resistance Levels:
Price: 1.08950
This level has acted as support in the past, but with the current bearish sentiment, it is now a key resistance point. If the market rises back toward this level, it will face selling pressure. A failure to break above this level will likely push the price lower.
Price: 1.12950
This is the key resistance level for the current market. With the recent shift in sentiment, this level is important for any potential reversal or breakout. If the price approaches this level, it could signify the end of the bearish phase or a further continuation.
🔹 Commentary:
EUR/USD is currently in a bearish phase with the price at 1.11181. The recent break below 1.08950 suggests that further downside is likely. The transition zone around 1.08650 – 1.09200 will be crucial if the price attempts a retracement, as it may act as resistance, further confirming the bearish sentiment. For the market to shift, the price would need to reclaim and hold above 1.12950, but until then, the trend remains firmly bearish. Sellers should look for opportunities to short at the transition zones or near the dynamic resistance levels.
GBP/USD
🔹 Overall Sentiment:
Bearish – The sentiment has been bearish for the past four days, as indicated by the red bar on the Cygni 77 indicator. The market is showing consistent downward movement, with lower lows and lower highs, signaling a continuation of the bearish trend.
🔹 Transition Zones:
1.29350 – 1.30000 – Bearish Transition Zone.
This zone has historically acted as support. With the price recently dipping below this area, it now acts as resistance if price attempts to move higher. This level will be a critical zone to watch for any potential bounce or further rejection.
1.33450 – 1.33900 – Bearish Transition Zone.
This is a key resistance zone that reflects a structural shift from bullish to bearish sentiment. If the price attempts to approach this range, it will likely face strong selling pressure, confirming that sellers remain in control.
🔹 Dynamic Support/Resistance Levels:
Price: 1.30150
This level has been a key support point in the past. Now, with the price below this level, it will likely act as resistance. A break above this zone would be necessary to reverse the current bearish sentiment and could open the door to higher price levels.
Price: 1.32050
This is another significant resistance level. The market has been unable to break above this price recently, making it an important level for any potential rallies. A break above it would suggest a shift in momentum.
🔹 Commentary:
GBP/USD has been in a clear bearish trend, with the price at 1.31975. The market has recently tested the transition zone at 1.29350 – 1.30000, and a rejection at this level has reinforced the bearish momentum. The transition zone at 1.33450 – 1.33900 remains a key resistance zone for any potential rally. Sellers will likely continue to target levels below 1.30150, and further downside movement could follow if the price continues to stay below key resistance levels. For a shift in sentiment, price would need to reclaim and hold above 1.32050.
GOLD (XAU/USD)
🔹 Overall Sentiment:
Bearish – The sentiment has been bearish for the past day, with a significant drop below the previous support level. The price is currently in a retracement phase, facing resistance in the transition zone. The overall market structure indicates that selling pressure has taken over in the short term.
🔹 Transition Zones:
3010 – 3050 – Bullish Transition Zone.
This zone acted as key support previously, but price has now fallen below it. It now serves as a resistance level, and any move towards this area could face selling pressure. The price staying below this level confirms the ongoing bearish sentiment.
3195 – 3240 – Bearish Transition Zone.
This range marked a previous shift from bearish to bullish. However, the current market is facing resistance here, and it will be crucial for price to reclaim this zone to turn bullish again. A failure to breach this level could further solidify the bearish trend.
🔹 Dynamic Support/Resistance Levels:
Price: 3050
This price level is now acting as a significant resistance after the market’s recent drop. A clear rejection at this level would confirm that the bearish momentum is still intact.
Price: 3212
This level is crucial as it has been a key support level in the past. If the price moves back to test this level, it will likely face resistance before attempting to break above it.
🔹 Commentary:
XAU/USD has been bearish for the past day, with price currently sitting at 3,325. The market is testing the transition zone at 3,010 – 3,050, and further downside pressure seems likely. If price fails to break above the 3,212 resistance level, we could see a continuation of the bearish trend. The 3,050 level will be pivotal in determining the next major move. A reclaim of this level could signal a reversal or stabilization, but for now, the market remains under strong selling pressure.
WTI (Crude Oil)
🔹 Overall Sentiment:
Bullish – WTI has shown sustained bullish momentum for the past three days. The Cygni 77 indicator has remained green, reflecting continued buying pressure. Price has been moving higher, indicating strong bullish sentiment, particularly as it moves toward the upper range of its transition zones.
🔹 Transition Zones:
62.300 – 63.800 – Bearish Transition Zone.
This zone represents the previous resistance area that has now turned into support. The price has recently bounced off this area, reinforcing the bullish outlook. If price revisits this range, it may serve as a demand zone, supporting further upward movement.
70.750 – 71.450 – Bearish Transition Zone.
This zone marks a structural break to the upside. While it’s currently above the price range, the zone is important for identifying any potential future retracements. If price approaches this area, a hold above it could indicate a continuation of the bullish trend.
🔹 Dynamic Support/Resistance Levels:
Price: 59.600
This level was a key support zone previously, where price showed strong buying interest. As long as price remains above this level, the bullish sentiment is likely to persist.
Price: 63.850
This level is now acting as resistance. A break above this level will likely lead to an extension of the bullish trend, with price moving toward the upper transition zone at 70.750 – 71.450.
🔹 Commentary:
WTI remains in a bullish trend for the past three days, with the price currently at 62.995. The transition zone at 62.300 – 63.800 has been key in supporting the price, and any move toward this area will likely meet buying interest. A break above 63.850 will signal a continuation of the upward movement toward the next resistance zone. If the price holds within this range, the market is expected to stay bullish, with further upside potential on the horizon.
S&P 500
🔹 Overall Sentiment:
Bullish – The market sentiment has remained bullish over the past three days, as reflected by the green-colored bar on the Cygni 77 indicator. This suggests continued buying momentum with higher highs and higher lows, indicating strong market support and demand at key price levels.
🔹 Transition Zones:
5700 – 5780 – Bearish Transition Zone.
This area marks a previous resistance that has now turned into support. A price bounce from this zone would indicate ongoing buyer dominance, and any move towards this range in the future could offer another buying opportunity as the market continues to hold bullish sentiment.
🔹 Dynamic Support/Resistance Levels:
Price: 5110
This key level represents a significant support area where previous buying activity has occurred. If the price dips to this level, buyers are expected to step in and prevent a further downtrend, providing a potential support for the market to resume its bullish momentum.
Price: 5595
This level now serves as a resistance area. If price breaks above 5595, the market will likely continue its bullish trend towards the transition zone at 5700 – 5780, opening up further upside potential.
🔹 Commentary:
The S&P 500 is in a bullish trend with price currently at 5817, holding strong near key dynamic support/resistance levels. The transition zone at 5700 – 5780 remains critical for the short-term direction. A break above 5595 would reinforce the bullish trend and could lead to further upside. As long as the sentiment remains positive, any pullbacks to the support levels, especially 5110, could present favorable buying opportunities in alignment with the broader bullish trend.
BTC/USD (Bitcoin)
🔹 Overall Sentiment:
Bullish – The market has maintained a strong bullish sentiment for the past six days, as seen in the green-colored bar on the Cygni 77 indicator. The price is consistently making higher highs, confirming continued buying pressure and positive momentum, with the market showing solid upward movement.
🔹 Transition Zones:
81,200 – 84,200 – Bullish Transition Zone.
This zone marks a crucial demand area where the market recently reversed from a period of consolidation. If the price revisits this range, it is expected to act as a significant support level for any potential pullbacks.
93,650 – 94,675 – Bearish Transition Zone.
This zone represents a structural break from bearish control to bullish momentum. A strong rally above this zone would reaffirm the market’s bullish outlook and could push towards higher levels in the near future.
🔹 Dynamic Support/Resistance Levels:
Price: 83,150
This key support level has recently been tested and proven resilient. Should the price dip, this level would likely provide a strong base for buying pressure, preventing further downside.
Price: 91,700
This level marks the resistance that the market is currently approaching. A break above 91,700 would signal a potential continuation of the bullish trend, leading to higher price targets in the coming sessions.
🔹 Commentary:
Bitcoin remains in a strong bullish trend, with the price sitting at 104,353. The transition zones at 81,200 – 84,200 and 93,650 – 94,675 are key for the price to hold above for further upside potential. The 83,150 support level continues to provide solid backing, and if 91,700 is breached, the market could see fresh rallies. As long as the sentiment stays bullish, any near-term pullbacks could present solid buying opportunities aligned with the long-term bullish trajectory.
