EUR/USD
🔹 Overall Sentiment:
Bullish – EUR/USD has maintained bullish sentiment for the past two weeks, supported by consistent buying pressure. Price is currently trading at 1.17580, consolidating after testing the higher boundary of its transition zone. The overall trend structure suggests sustained upward momentum. However, short-term volatility is likely as the pair consolidates near key resistance areas.
🔹 Transition Zones:
1.14050 – 1.14880 – Bullish Transition Zone.
This zone has acted as a strong foundation for the bullish advance, with buyers consistently defending it. It remains a critical area for long-term stability.
1.17480 – 1.18000 – Bearish Transition Zone.
The pair is actively testing this zone, with strong resistance evident. A decisive breakout above 1.18000 could open the path toward higher gains.
🔹 Dynamic Support/Resistance Levels:
Price: 1.14050
This level has been a major support anchor, reinforcing the bullish bias as long as it holds. A breakdown here would challenge the broader bullish outlook.
Price: 1.15900
This level has turned into a solid support on the recent rally. Holding above it provides buyers with confidence to attempt further upside moves.
🔹 Commentary:
EUR/USD continues to demonstrate strength, with bulls maintaining control over key levels. The current consolidation near the upper transition zone suggests a battle between buyers and sellers. If buyers secure a clean breakout above 1.18000, bullish continuation becomes the dominant scenario. Until then, traders should expect fluctuations within the upper transition zone.
GBP/USD
🔹 Overall Sentiment:
Bearish – GBP/USD has recently shifted into bearish sentiment after sustaining a bullish stance for several sessions. The pair is now trading at 1.35040, reflecting increased selling pressure. Momentum has weakened, and price action suggests a deeper test of support areas may be underway. Traders should watch closely if this bearish shift develops into a broader trend.
🔹 Transition Zones:
1.36950 – 1.37530 – Bearish Transition Zone.
This upper zone acted as resistance, capping the recent bullish move. Failure to break through it led to the current reversal.
1.34180 – 1.34830 – Bullish Transition Zone.
Price is moving closer to this zone, which could serve as a potential stabilizer. If broken, bearish sentiment could intensify further.
🔹 Dynamic Support/Resistance Levels:
Price: 1.33900
This is the critical lower support that could determine whether sellers maintain control. A breakdown here would confirm a more extended bearish phase.
Price: 1.35850
Once strong resistance turned support, this level has failed to hold under pressure. Its breakdown adds weight to the bearish shift.
🔹 Commentary:
The sharp reversal in GBP/USD reflects profit-taking and renewed selling pressure. Bulls lost momentum after repeated rejections from the higher transition zone. Sellers are now targeting key support levels, testing the strength of the recent uptrend. Market participants should expect heightened volatility as the pair navigates between the 1.34830 zone and the 1.33850 support level.
GOLD (XAU/USD)
🔹 Overall Sentiment:
Bullish – Gold (XAU/USD) has maintained strong bullish sentiment for the past four weeks, reaching 3655 and holding near recent highs. The sustained upward momentum reflects strong buying interest despite brief pullbacks. Overall, the trend remains positive, with buyers firmly in control. Traders should, however, monitor for potential consolidation after this extended rally.
🔹 Transition Zones:
3322 – 3342 – Bullish Transition Zone.
This lower transition zone previously acted as a springboard for bullish continuation. Its distance from the current price highlights the strength of the ongoing rally.
3375 – 3393 – Bearish Transition Zone.
This zone was a key breakout area, confirming buyer dominance once cleared. Price has since advanced far above, cementing it as a strong support region.
🔹 Dynamic Support/Resistance Levels:
Price: 3310
This foundational support is critical for long-term trend validation. As long as price remains above it, the broader bullish structure remains intact.
Price: 3375
Now acting as a solid support, this level underpinned the rally beyond 3400. Any retest here would likely attract renewed buying.
🔹 Commentary:
Gold’s sharp appreciation underscores strong investor demand, possibly fueled by safe-haven flows and broader market uncertainties. Momentum indicators show sustained strength, though price is consolidating near the highs. Short-term pullbacks may occur, but the structure remains strongly bullish. If momentum continues, buyers may aim for fresh highs beyond the 3700 mark.
WTI (Crude Oil)
🔹 Overall Sentiment:
Bearish – WTI crude oil has shifted into bearish sentiment over the past two days, with price slipping to 62.67. Selling pressure has intensified as the market failed to hold above short-term supports. The current weakness suggests traders are leaning toward risk-off positioning. Until a clear reversal emerges, downside momentum remains in play.
🔹 Transition Zones:
65.30 – 66.00 – Bullish Transition Zone.
This zone has acted as a barrier where rallies were capped. A recovery toward this level may face renewed selling pressure.
68.40 – 69.50 – Bearish Transition Zone.
Serving as a higher resistance area, this zone marks the upper boundary of the bearish structure. Only a strong breakout above here would challenge the prevailing trend.
🔹 Dynamic Support/Resistance Levels:
Price: 64.50
Price has slipped below this level, confirming near-term weakness. It will now likely serve as resistance on any corrective bounce.
Price: 69.50
This remains a distant resistance level aligned with the upper transition zone. A break above would be needed to reestablish bullish traction.
🔹 Commentary:
WTI’s recent slide reflects persistent supply concerns and muted demand sentiment. With bearish momentum prevailing, traders are watching whether price can stabilize above 62.00. Short-term rebounds could occur but may face resistance at 64.50. Broader weakness suggests sellers remain in control unless momentum shifts decisively.
S&P 500
🔹 Overall Sentiment:
Bullish – The S&P 500 continues to show strong bullish sentiment for the past two and a half weeks, with the index climbing steadily to 6,637. Momentum remains positive as buyers maintain control, pushing price into fresh highs. The consistency of bullish flows highlights market confidence. However, overbought conditions could bring short-term consolidation.
🔹 Transition Zones:
6220 – 6275 – Bearish Transition Zone.
This lower transition zone remains a crucial demand region that previously acted as a springboard for the current rally. Should price revisit this area, it could once again serve as a strong accumulation point.
6370 – 6405 – Bearish Transition Zone.
Price recently advanced above this zone, confirming it as an important breakout level. Going forward, it is likely to act as a buffer where pullbacks may find support.
🔹 Dynamic Support/Resistance Levels:
Price: 6220
This is a key foundational support, anchoring the broader bullish trend. A breakdown here would signal a potential weakening of upward momentum.
Price: 6370
This level has flipped into support after being breached. Holding above it reinforces the current bullish bias and encourages further upside potential.
🔹 Commentary:
The index’s resilience reflects strong investor sentiment and risk appetite. Buyers have consistently defended key supports, indicating robust underlying demand. As long as price holds above 6,370, the bullish trend should remain intact. Traders will be watching closely for signs of exhaustion, but the prevailing structure favors continued strength.
BTC/USD (Bitcoin)
🔹 Overall Sentiment:
Bullish – BTC/USD has maintained bullish sentiment for the past two weeks, with price advancing to 116,699. Strong upward momentum has pushed the market closer to its next resistance area, reflecting sustained buyer interest. Short-term volatility may occur, but the broader trend remains favorable for bulls. As long as price stays above support levels, further upside remains likely.
🔹 Transition Zones:
107,550 – 109,200 – Bearish Transition Zone.
This lower zone provided a solid base for the recent rally. Buyers consistently stepped in here, reinforcing its importance as a demand area.
118,400 – 120,200 – Bullish Transition Zone.
This zone acts as a key resistance barrier where selling pressure could intensify. A clear breakout above it would open the door for stronger bullish continuation.
🔹 Dynamic Support/Resistance Levels:
Price: 111,950
This level has become an essential support holding the recent bullish structure. If price revisits this area, it will likely attract renewed buying interest.
Price: 116,000
Currently acting as an immediate support after the breakout, holding above this level strengthens bullish conviction. A sustained defense here would keep momentum in favor of buyers.
🔹 Commentary:
Bitcoin’s recent rally highlights strong market confidence, with buyers defending each pullback effectively. The next major test lies within the upper transition zone, where sellers may attempt to cap gains. If bulls can overcome this resistance, a push into new highs looks increasingly probable. Until then, traders should monitor support at 116,000 for clues on continuation strength.