EUR/USD
🔹 Overall Sentiment:
Bullish – EUR/USD is showing bullish sentiment over the past day, holding gains after bouncing within a key resistance area. The pair remains supported by recent momentum, though it faces strong selling pressure around current levels. Short-term consolidation may occur as buyers and sellers battle for control. The broader trend favors bulls as long as higher support holds.
🔹 Transition Zones:
1.14050 – 1.14880 – Bullish Transition Zone.
This lower zone represents a strong base of support, where price has historically found demand. Any deeper pullback into this area could serve as a platform for another upward push.
1.17480 – 1.18000 – Bearish Transition Zone.
Price is currently interacting with this upper zone, which is a significant resistance range. A clear breakout above would reinforce bullish conviction and open the way for further gains.
🔹 Dynamic Support/Resistance Levels:
Price: 1.14050
This level acts as a structural foundation for the bullish trend. As long as price remains above, downside risks remain contained.
Price: 1.15900
Serving as an intermediate support, this level has been crucial in maintaining upward momentum. A sustained defense above this area will help buyers keep control.
🔹 Commentary:
The euro’s current positioning shows resilience, but challenges remain at the upper transition zone. Sellers have been active near 1.18000, highlighting the importance of a clean breakout to confirm continued upside. If momentum weakens, support at 1.15900 will be key in determining the strength of the bullish trend. Traders should monitor this consolidation phase closely, as it may dictate the next major directional move.
GBP/USD
🔹 Overall Sentiment:
Bearish – GBP/USD has shifted into bearish sentiment over the past two days, breaking lower after testing recent highs. Sellers have gained momentum, pushing price back into a lower range. The near-term outlook leans negative, though upcoming tests of support will determine if the decline continues. Bulls will need to reclaim key resistance to reestablish upward control.
🔹 Transition Zones:
1.36950 – 1.37530 – Bearish Transition Zone.
This area acted as a strong resistance where sellers stepped in to halt bullish advances. A rejection here fueled the current downside momentum.
1.34180 – 1.34830 – Bullish Transition Zone.
Price is currently testing this zone, which is a critical demand area. A strong defense here could spark a corrective bounce, but a breakdown would open the way for deeper declines.
🔹 Dynamic Support/Resistance Levels:
Price: 1.33900
This represents a strong structural floor and will be a crucial level to monitor. If broken, bearish momentum could accelerate sharply.
Price: 1.35850
This level now serves as immediate resistance after the recent downturn. Bulls need to reclaim it to weaken bearish pressure.
🔹 Commentary:
The pair’s rejection from the upper resistance zone signals exhaustion on the bullish side. Current price action shows sellers firmly in control, with momentum pointing toward further downside tests. However, the reaction at the 1.34180–1.34830 zone will be decisive in shaping the next short-term move. Traders should watch closely for either a bounce or a continuation break below support.
GOLD (XAU/USD)
🔹 Overall Sentiment:
Bullish – XAU/USD has maintained strong bullish sentiment for the past four weeks, with price now surging to fresh highs at 3725. Momentum remains firmly on the side of buyers, driven by consistent demand and strong upward structure. The market has consistently respected support levels, reinforcing confidence in the ongoing bullish trend. While momentum is strong, traders should remain aware of potential pullbacks after such extended gains.
🔹 Transition Zones:
3322 – 3342 – Bullish Transition Zone.
This area marked an important accumulation zone where buyers began building momentum. The strong breakout from here solidified the ongoing bullish phase
3375 – 3393 – Bearish Transition Zone.
This zone served as another consolidation area before buyers pushed price higher. It has now transformed into a strong base of support for the current bullish advance.
🔹 Dynamic Support/Resistance Levels:
Price: 3310
This remains the structural floor of the current uptrend, though it is now far below current trading levels. Its role is critical for long-term trend sustainability.
Price: 3375
This level has become an essential support marker, aligning with the breakout from Zone 2. As long as price holds above this point, the bullish trend is expected to continue.
🔹 Commentary:
Gold has demonstrated exceptional strength, consistently climbing without major setbacks over the past month. The combination of strong momentum and respected support levels paints a constructive outlook for buyers. However, the recent sharp rise to 3725 suggests that short-term corrections may occur as traders secure profits. Any dips into support zones could offer fresh opportunities for buyers to rejoin the prevailing trend.
WTI (Crude Oil)
🔹 Overall Sentiment:
Bearish – WTI has shown bearish sentiment for the past three days, with prices slipping to 62.40. The market continues to face downward pressure as sellers dominate, pushing price further away from recent resistance levels. Momentum currently favors further declines, although volatility remains present. Any recovery attempts may struggle unless significant support levels are reclaimed.
🔹 Transition Zones:
65.30 – 66.00 – Bullish Transition Zone.
This zone acted as a key rejection area where sellers consistently regained control. It now stands as a critical barrier for any potential bullish recovery attempts.
68.40 – 69.50 – Bearish Transition Zone.
Price failed to sustain above this zone in past attempts, reinforcing it as a strong ceiling. It would take substantial momentum to challenge this level again.
🔹 Dynamic Support/Resistance Levels:
Price: 64.50
This level recently transitioned into resistance after price dropped below it. Until buyers reclaim this zone, bearish pressure is likely to remain dominant.
Price: 69.50
Serving as a long-term resistance level, it represents the upper boundary of WTI’s medium-term trading range. A break above it would be required to shift sentiment meaningfully bullish.
🔹 Commentary:
WTI remains under heavy selling pressure, as recent price action confirms bearish momentum. Traders will closely monitor whether the 62.00 handle holds as near-term support. If price continues to slide, further downside could be expected with limited buying strength visible. A recovery above 64.50 would be the first sign of a potential reversal, but for now, sellers remain in firm control.
S&P 500
🔹 Overall Sentiment:
Bullish – The S&P 500 has maintained bullish sentiment for the past two and a half weeks, with price climbing steadily to 6644. The index continues to build on upward momentum, reflecting strong market confidence. Buyers remain firmly in control, pushing prices higher with consistent strength. While minor pullbacks may occur, the overall structure remains favorable for continued gains.
🔹 Transition Zones:
6220 – 6275 – Bearish Transition Zone.
This zone provided strong support during earlier consolidations, giving bulls a stable base for the ongoing rally. As long as the index remains well above this area, the bullish trend remains secure.
6370 – 6405 – Bearish Transition Zone.
Price has successfully broken past this zone, turning it into a strong support level. Any short-term pullbacks may retest this area, but buyers are expected to defend it aggressively.
🔹 Dynamic Support/Resistance Levels:
Price: 6220
This level marks a key structural support in the broader bullish trend. A break below it would indicate weakening bullish momentum, but current price action suggests this remains unlikely.
Price: 6370
This level has transitioned into a reliable support after recent breakouts. It now acts as a buffer zone, likely absorbing selling pressure in case of retracements.
🔹 Commentary:
The S&P 500 continues its bullish streak, with strong upward momentum driving prices to new highs. Traders are likely to view dips as buying opportunities, especially around the 6370 support area. Market sentiment remains positive, fueled by strong technical structure and consistent bullish activity. Unless sellers regain control below key levels, the path of least resistance remains higher.
BTC/USD (Bitcoin)
🔹 Overall Sentiment:
Bearish – BTC/USD has shifted to a bearish sentiment over the past two days, with the price declining sharply to 112,544. This move signals increased selling pressure after failing to sustain momentum above resistance. Bears appear to have regained short-term control, breaking below recent consolidation levels. Unless buyers reassert strength, further downside risk remains in play.
🔹 Transition Zones:
107,550 – 109,200 – Bearish Transition Zone.
This zone now stands as a potential downside target if bearish momentum continues. A retest here could offer a base for a possible rebound, but failure would deepen bearish pressure.
118,400 – 120,200 – Bullish Transition Zone.
This upper zone acted as a rejection area in recent sessions. The inability to break through solidifies it as a strong resistance zone for now.
🔹 Dynamic Support/Resistance Levels:
Price: 111,950
Price is hovering close to this level, which will be crucial to watch. A firm close below it could confirm bearish extension toward lower supports.
Price: 116,000
This level acted as a ceiling where price reversed. Bulls need to reclaim it to negate current bearish control.
🔹 Commentary:
The shift to bearish sentiment in BTC/USD suggests that momentum has weakened significantly after repeated rejections near higher resistance. Sellers have pushed the market below 116,000, signaling vulnerability. Traders will closely monitor 111,950 as a decisive pivot, as holding above could spark a recovery attempt. If broken, however, the focus shifts to the 109,000 region as the next downside objective.