EUR/USD
🔹 Overall Sentiment:
Bearish – The market has been in a bearish sentiment for the past week, as indicated by the red-colored bar on the Cygni 77. This reflects sustained selling pressure, with the price making lower lows and lower highs. The current price action shows that the market is under bearish control, and further downside potential could be expected unless a strong reversal occurs.
🔹 Transition Zones:
1.08650 – 1.09200 – Bearish Transition Zone.
This is the first zone where buying activity took control from previous bearish pressure, and the market shifted upwards. If the price revisits this zone, it may act as a potential support level, and a bounce here could reaffirm the bullish outlook.
1.12650 – 1.13600 – Bearish Transition Zone.
This range reflects a structural shift, where a breakdown from a bullish trend occurred. The market has now broken lower, with prices finding resistance around this range. If the price returns to this area, sellers are likely to continue pushing prices lower.
🔹 Dynamic Support/Resistance Levels:
Price: 1.08950
This level has shown some previous resistance, and now it could potentially serve as a support level for future bounces. If the market moves lower, this could be a crucial level to watch for a potential reversal.
Price: 1.12950
Currently acting as resistance, this level represents the key bearish barrier the market is facing. If price fails to break above it, further downside is likely. A retest and break above would signal that bulls are regaining control.
🔹 Commentary:
EUR/USD continues to show bearish sentiment with the price at 1.12490, just above the dynamic support levels at 1.08950. The transition zones at 1.08650 – 1.09200 and 1.12650 – 1.13600 will be crucial for the market to determine whether the current bearish trend will persist or if a bullish reversal is in the cards. As long as the price remains below 1.12950, the bias remains bearish, and further downside could unfold, with 1.08950 being the first critical level to monitor for support. A break of 1.08950 could open up the path for more significant downside moves.
GBP/USD
🔹 Overall Sentiment:
Bullish – The market has been bullish for the past two days, as indicated by the green-colored bar on the Cygni 77. This reflects sustained buying pressure, with the price maintaining higher highs and higher lows. The market shows strong momentum favoring buyers, which may continue if support levels hold.
🔹 Transition Zones:
1.29350 – 1.30000 – Bearish Transition Zone.
This zone marks the level where buying activity began taking over from previous bearish control, initiating the current uptrend. If the price revisits this area, it could act as a strong demand zone where further bullish movement could take place.
1.33450 – 1.33900 – Bearish Transition Zone.
This range indicates a structural break to the upside, where the price flipped from bearish to bullish control. Currently, the market is holding near the upper end of this transition zone. The reaction here will be crucial for determining the continuation of the bullish trend or a potential pullback.
🔹 Dynamic Support/Resistance Levels:
Price: 1.30150
This is a key level, previously acting as resistance and now serving as support. If the market pulls back, this level may act as a strong barrier to further downside, with a potential bounce.
Price: 1.32050
A significant level for price action, currently acting as resistance. If the price breaks above this level, it could confirm further upside potential. However, a failure to break this level might indicate a bearish reversal.
🔹 Commentary:
GBP/USD remains in a bullish trend, holding above important support levels and near key transition zones. The price has recently surged above 1.32050, suggesting that buyers remain in control. If the market stays above the 1.30150 level, the bullish sentiment is likely to continue, with potential to reach higher levels. However, if 1.32050 holds as resistance, the market may face a short-term pullback, testing the 1.30150 level again before continuing its rise. The overall trend remains bullish as long as the key support levels hold.
GOLD (XAU/USD)
🔹 Overall Sentiment:
Bearish – The sentiment has been bearish for the past three days as reflected by the red-colored bar on the Cygni 77. The market has been struggling to maintain bullish momentum, and the recent price action has shown signs of a downturn.
🔹 Transition Zones:
3010 – 3050 – Bullish Transition Zone.
This is the area where the market previously saw a bullish trend. Now that the price is testing the lower range of this zone, it could serve as a demand zone for buyers if they step in. A price drop into this zone would signal potential for a reversal.
3195 – 3240 – Bearish Transition Zone.
This transition zone marks where buyers previously regained control and pushed prices up. The current price is hovering close to this range, which makes it crucial for the market’s near-term direction. If the price stays above this zone, it will likely continue its upward momentum.
🔹 Dynamic Support/Resistance Levels:
Price: 3212
This level was recently tested as a support level. If the price continues to hover around or above this range, it could act as the first line of defense for buyers. A failure to hold here might see further downward movement.
Price: 3050
This is the next key support level. If the price fails to hold above 3212, a deeper pullback toward 3050 might occur. A strong bounce here could suggest a continuation of the bullish trend. However, a break below 3050 would confirm further bearish momentum.
🔹 Commentary:
XAU/USD has recently shifted to a bearish sentiment, with price pulling back from its previous bullish levels. The transition zones at 3195 – 3240 are currently critical for near-term direction. If the price fails to break and stay above this zone, further downside might follow, with 3050 serving as the next key level for buyers. The market is currently testing important support areas, and if these levels are broken, deeper corrections may follow.
WTI (Crude Oil)
🔹 Overall Sentiment:
Bullish – The market has shown a sustained bullish trend over the past week, reflected by the green-colored bar on the Cygni 77 algorithm. Price action has been supported by an overall upward movement, consistently testing key resistance levels and showing a healthy bullish momentum.
🔹 Transition Zones:
62.300 – 63.800 – Bearish Transition Zone.
This zone marks a critical support level where price has experienced a significant upward shift. If price revisits this area, it may present an opportunity for potential long entries as buyers regain control.
70.750 – 71.450 – Bearish Transition Zone.
This zone represents a transition point where the market shifts from bearish to bullish control, providing a potential target area for future price action. A move into this range may signal a re-entry or continuation of the bullish trend.
🔹 Dynamic Support/Resistance Levels:
Price: 59.600
This level serves as a critical support zone. It has historically reacted with strong buying pressure and will act as the first line of defense should the market pull back.
Price: 63.850
This resistance level has recently been tested. A strong break above this level could fuel further bullish continuation and push the price higher towards the next target zones.
🔹 Commentary:
WTI is currently in a bullish trend, with price staying above the transition zones, particularly above 62.300 – 63.800. The bullish sentiment remains intact as the market maintains momentum, suggesting potential for further price appreciation. The key level to watch for the immediate future is 63.850; a breakout above this resistance would reinforce the bullish outlook and set the stage for an extension toward the higher transition zone at 70.750 – 71.450. As long as price remains above the support at 59.600, the bullish sentiment is likely to persist. Traders can look for pullbacks near the support levels as potential buying opportunities in line with the prevailing trend.
S&P 500
🔹 Overall Sentiment:
Bullish – The S&P 500 has shown strong bullish sentiment over the past week, with the Cygni 77 algorithm displaying a consistent green-colored bar. The market continues to push higher, demonstrating buying strength and the potential for further upside.
🔹 Transition Zones:
5700 – 5780 – Bearish Transition Zone.
This transition zone marks an area where buyers gained control, flipping previous resistance into support. Price has recently tested this area, and if it revisits, it may offer opportunities for further upward momentum as buyers defend the zone.
🔹 Dynamic Support/Resistance Levels:
Price: 5110
This level has historically shown strong support for price. If the market retraces, it is likely to find support here, making it an important area to watch for potential bullish entries.
Price: 5595
This level represents a dynamic resistance point. If price continues to push higher, a breakthrough above 5595 could signal an extension of the bullish trend, leading to further upside potential.
🔹 Commentary:
The S&P 500 has maintained a bullish trend with price currently testing key levels above the transition zone of 5700 – 5780. As long as price remains above dynamic support at 5110, the market is likely to continue favoring the bulls. A break above 5595 would signal a continuation of the bullish movement toward higher levels. The next key area to watch is the transition zone at 5700 – 5780, where the market may find support if it experiences a pullback. As sentiment remains bullish, deeper pullbacks within this zone could provide buying opportunities aligned with the broader uptrend.
BTC/USD (Bitcoin)
🔹 Overall Sentiment:
Bullish – Bitcoin has been showing consistent bullish momentum over the past week, as indicated by the green-colored bar on the Cygni 77 algorithm. The price has continued to rise, confirming strong buying activity and continued accumulation.
🔹 Transition Zones:
81,200 – 84,200 – Bullish Transition Zone.
This transition zone marks the point where buyers gained control and the price broke above key resistance, initiating the current upward trend. Any retests of this area may provide buying opportunities as it has acted as a solid support region.
93,650 – 94,675 – Bearish Transition Zone.
The second transition zone signals a shift in market sentiment, where resistance turned into support, supporting the bullish trend. Price is currently above this zone, making it crucial for the near-term price direction.
🔹 Dynamic Support/Resistance Levels:
Price: 83,150
This level represents strong dynamic support, and if price pulls back, this level is likely to hold. Any drop to this level would likely be a strong buying opportunity, aligning with the broader bullish trend.
Price: 91,700
This level is an important resistance point. A break above this level would likely lead to further price expansion and could signal more upside potential, moving the market towards the upper transition zone.
🔹 Commentary:
Bitcoin is in a strong bullish phase, and the price is continuing to hold above key support levels, especially within the transition zones of 81,200 – 84,200 and 93,650 – 94,675. The price currently sits near the 91,700 resistance level, and a break above this could propel Bitcoin to new highs. Watch for potential retests of the 83,150 dynamic support level, which would align with the bullish sentiment and could offer buying opportunities. As long as price holds above this support, the market is likely to continue favoring the bulls.
