EUR/USD
🔹 Overall Sentiment:
Bearish – EUR/USD has been in a bearish sentiment for the past week and a half, as indicated by the red-colored bar on the Cygni 77 algorithm. The price has been consistently dropping, reflecting selling pressure and accumulation of short positions.
🔹 Transition Zones:
1.08650 – 1.09200 – Bearish Transition Zone.
This zone marked the shift from a bullish to a bearish trend. If the price revisits this level, it might act as strong resistance, making it crucial for determining the short-term direction. A failure to break above this zone may suggest continued bearish pressure.
1.12650 – 1.13600 – Bearish Transition Zone.
This zone represents a higher level of resistance. The market has consistently failed to break above this level, reinforcing the bearish sentiment. Any price movement back into this zone could face significant resistance.
🔹 Dynamic Support/Resistance Levels:
Price: 1.08950
This level has been a key support level. If the price continues to fall, this level will likely act as the first line of defense for the bulls. A failure to hold above this support would indicate a deeper bearish move.
Price: 1.12950
This level has been tested and acted as a strong resistance zone. If price approaches this level again, it could lead to further downward pressure as sellers may dominate.
🔹 Commentary:
The bearish trend in EUR/USD remains intact, with the price below key dynamic resistance levels and consistently struggling to break through the transition zone at 1.12650 – 1.13600. The price is currently approaching the 1.08950 dynamic support level, which is critical for the continuation of the bearish trend. A break below this level could lead to further downside movement towards the next support zone. As long as sentiment remains bearish, it is expected that any rallies will be limited by the resistance at 1.08950 and the upper transition zone. The market is likely to remain focused on selling opportunities unless there is a significant shift in sentiment.
GBP/USD
🔹 Overall Sentiment:
Bullish – GBP/USD has been in a bullish sentiment for the past two days, as reflected by the green-colored bar on the Cygni 77 algorithm. The price has been moving higher, indicating buying pressure and a shift towards a stronger uptrend.
🔹 Transition Zones:
1.29350 – 1.30000 – Bearish Transition Zone.
This zone marks a significant area where buyers have previously stepped in, pushing the price upward. It remains a key level for potential retracements. A revisit to this zone would likely offer buying opportunities for traders looking to capitalize on continued bullish momentum.
1.33450 – 1.33900 – Bearish Transition Zone.
This zone marks a critical resistance level where the market has faced difficulty breaking through. If the price approaches this level again, expect possible pullbacks as sellers may look to take control. A break above this zone would reinforce the bullish trend and signal a continuation towards higher levels.
🔹 Dynamic Support/Resistance Levels:
Price: 1.30150
This level has acted as solid support. If the market pulls back, this level will be closely watched for a potential bounce. A failure to hold above this level could suggest weakness in the bullish momentum.
Price: 1.32050
This level is the next resistance area after the current bullish move. If the price continues its upward trend, this level will likely be tested, and a successful breakout could target further upside movement.
🔹 Commentary:
GBP/USD has shown a strong bullish momentum over the past two days, with price action supported by key dynamic support levels. The price is currently approaching resistance around 1.32050, which will be crucial for determining the strength of the bullish move. A break and hold above this level could signal further upward movement, potentially targeting the transition zone between 1.33450 and 1.33900. Traders will want to keep an eye on the support level at 1.30150; as long as the price remains above this level, the bullish outlook remains intact. However, any breakdown below this support could lead to a shift in sentiment.
GOLD (XAU/USD)
🔹 Overall Sentiment:
Bearish – XAU/USD has been in a bearish sentiment for the past week, with the price showing a consistent downward movement. The red-colored bar on the Cygni 77 algorithm confirms that selling pressure has been dominant, and the market is showing signs of weakness.
🔹 Transition Zones:
3010 – 3050 – Bullish Transition Zone.
This zone has previously acted as a significant support level, where the price reversed from a bearish phase to an upward trend. The current market conditions suggest that this zone might act as a strong level of support once again if the price revisits it. Any break below this zone could signal a deeper downtrend.
3195 – 3240 – Bearish Transition Zone.
This zone has served as a resistance level, and the price is currently trading near its lower boundary. If the market continues its downward trajectory, this zone might act as a significant resistance, preventing any further upside movement. A break above this zone would negate the bearish outlook and possibly signal a return to a more neutral or bullish stance.
🔹 Dynamic Support/Resistance Levels:
Price: 3212
This level is a critical resistance point. If the market tests this level from below, it could create selling pressure, reinforcing the bearish trend. A break above this level would suggest a shift in sentiment, potentially opening the door for a reversal in trend.
Price: 3050
This level remains a key dynamic support level. A pullback to this area would likely be seen as an opportunity for buyers to step in. However, if the price fails to hold above this level, the bearish sentiment could continue to prevail, driving prices lower.
🔹 Commentary:
XAU/USD is experiencing a sustained bearish trend, with the price currently trading near key resistance and support zones. The market is still under the influence of sellers, with price action indicating a lack of strength in upward movements. The transition zone at 3195 – 3240 will be critical for any potential bullish reversal; a failure to break above this level would likely support the continuation of the bearish trend. The support at 3050 remains the key area to watch. A break below this level could lead to further downside, while a rebound could offer short-term buying opportunities for traders looking to capitalize on a possible market correction.
WTI (Crude Oil)
🔹 Overall Sentiment:
Bullish – WTI has been in a strong bullish trend for the past week and a half, as indicated by the green-colored bar on the Cygni 77 algorithm. The market has maintained higher highs and higher lows, reflecting buying pressure and continued upward momentum.
🔹 Transition Zones:
62.300 – 63.800 – Bearish Transition Zone.
This zone has been acting as an important support and resistance area, and any pullbacks into this range might provide opportunities for further buying. The market has recently tested this zone and bounced higher, reinforcing the strength of buyers. If the price revisits this area, it may act as a solid foundation for additional upside momentum.
70.750 – 71.450 – Bearish Transition Zone.
The price currently remains far below this zone, which has acted as a key resistance level. Should WTI reach this zone in the future, it could face significant selling pressure, but a breakthrough would signify a strong bullish reversal, potentially opening up higher price targets.
🔹 Dynamic Support/Resistance Levels:
Price: 59.600
This level remains an essential dynamic support level. Any pullback towards this zone could attract fresh buying interest, especially if the market sees a correction from recent highs. A failure to hold above this level would indicate weakening bullish momentum, potentially turning the sentiment neutral or bearish.
Price: 63.850
This price level represents a critical resistance point. If the market pushes towards this level, it could face strong selling pressure. A break above this level, however, would signal a continuation of the bullish trend, allowing the price to test higher levels.
🔹 Commentary:
WTI remains firmly in a bullish trend, with the price holding above key dynamic support levels. The market is likely to face minor resistance around 63.850, but as long as sentiment stays bullish, any pullbacks could be viewed as potential buying opportunities. The 62.300 – 63.800 transition zone will continue to be an area of focus for traders looking for entry points aligned with the upward momentum. If the price breaks and holds above 63.850, it could drive WTI towards the next higher resistance zone.
S&P 500
🔹 Overall Sentiment:
Bullish – The S&P 500 has experienced a strong bullish sentiment for the past week and a half, as evidenced by the continuous upward movement in price. The market is maintaining higher highs and higher lows, suggesting strong buying pressure and momentum. Traders are confident in the bullish continuation as the market keeps pushing higher.
🔹 Transition Zones:
5700 – 5780 – Bearish Transition Zone.
This transition zone has proven to be an important area of support, as the market has recently tested this level multiple times before moving higher. The strong buying pressure near this zone confirms that any pullbacks to this area are likely to attract fresh buying interest. If the market revisits this range, it could provide an ideal entry point for long positions.
🔹 Dynamic Support/Resistance Levels:
Price: 5110
This level has acted as a significant dynamic support, holding the price during previous downturns. If the market experiences any significant correction, this price level will likely serve as a major support point. A failure to maintain above 5110 could signal weakness, but as long as the price stays above this level, the bullish trend remains intact.
Price: 5595
This level represents key resistance and a major hurdle for the bullish continuation. If the price approaches this resistance and breaks above it, the market could see a push toward higher levels. Traders will closely monitor this price, as a successful break would confirm the continuation of the bullish trend and open up further upside potential.
🔹 Commentary:
The S&P 500 has shown impressive strength over the past week and a half, maintaining a consistent bullish trend. Price action above 5595 will signal a strong continuation of the bullish move, with room for further upside. Any retracement into the 5700 – 5780 transition zone could offer buying opportunities for traders looking to capitalize on the prevailing bullish momentum. As long as 5110 holds as support, the sentiment remains firmly bullish for the index.
BTC/USD (Bitcoin)
🔹 Overall Sentiment:
Bullish – BTC/USD has been in a solid bullish trend for the past week and a half, supported by sustained buying pressure. The market is continuing to make higher highs and higher lows, indicating strong momentum in favor of buyers. The current price movement shows that demand for Bitcoin is intact, and buyers remain in control as they push the market to higher levels.
🔹 Transition Zones:
81,200 – 84,200 – Bullish Transition Zone.
This transition zone represents a critical support area that was previously tested and has now become a base for further upward movement. The price has reacted positively near this zone multiple times, confirming its importance for maintaining the bullish trend. A revisit of this area could offer attractive entry points for buyers looking to join the trend.
93,650 – 94,675 – Bearish Transition Zone.
This higher transition zone has marked a structural break, as Bitcoin surged through this level, flipping it from resistance to support. The market is now hovering above this zone, which is crucial for determining the next phase of the bull market. If price consolidates above this level, it would signal continued strength and a potential continuation of the upward trajectory.
🔹 Dynamic Support/Resistance Levels:
Price: 83,150
This dynamic support level has been instrumental during previous price corrections, providing a strong base for the upward momentum. As long as BTC/USD remains above 83150, the market is likely to continue its bullish course, and this level should be considered as a key risk-management point for traders.
Price: 91,700
The level at 91700 serves as a key resistance point that has been tested and holds significance in determining the strength of the ongoing rally. A break above this resistance would likely lead to further upside movement, potentially testing new all-time highs. Traders will closely watch how the price behaves near this level to assess whether the bullish trend will continue or face resistance.
🔹 Commentary:
BTC/USD remains in a strong bullish trend, with price consolidating above key transition zones and maintaining strong upward momentum. The market’s ability to stay above the 93650 – 94675 zone suggests that the bullish sentiment is likely to persist. A sustained hold above 91700 would reinforce this bullish outlook, potentially leading to further upside towards higher price targets. However, any dip back to 83150 would offer a buying opportunity for those looking to re-enter the market while the uptrend remains intact.
