EUR/USD
🔹 Overall Sentiment:
Bearish – EUR/USD has been under bearish sentiment for the past three days, with price currently positioned at 1.17331. The pair remains weak despite short-term rebounds, signaling sellers are maintaining pressure. Downside momentum continues to dominate, though buyers are attempting to stabilize within key resistance areas. The market remains fragile, awaiting confirmation of either sustained downside or a recovery attempt.
🔹 Transition Zones:
1.15300 – 1.15750 – Bearish Transition Zone.
The first transition zone between 1.15300 – 1.15750 serves as a deep support region where buyers could look to re-engage. A test of this area would likely decide whether a longer-term bullish reversal can form.
1.17300 – 1.17780 – Bearish Transition Zone.
The second transition zone at 1.17300 – 1.17780 is currently being challenged, acting as a key pivot between sellers and buyers. A rejection here may accelerate bearish momentum, while a breakout above could shift sentiment toward recovery.
🔹 Dynamic Support/Resistance Levels:
Price: 1.16300
Level 1 at 1.16300 provides an essential structural support that may slow further declines. A break beneath this level would likely confirm extended bearish continuation.
Price: 1.17180
Level 2 at 1.17180 is acting as immediate resistance, capping recovery attempts in recent sessions. A sustained close above this level could reduce bearish pressure and invite renewed bullish sentiment.
🔹 Commentary:
EUR/USD remains in a sensitive trading zone, with momentum favoring sellers but price action showing hesitation around resistance levels. Market participants are closely monitoring the 1.17180–1.17780 region for directional clarity. A clear rejection could push price lower towards the 1.16300 mark and potentially into the deeper transition zone. Conversely, reclaiming levels above 1.17780 would mark a significant shift in market structure toward bullish recovery.
GBP/USD
🔹 Overall Sentiment:
Bearish – GBP/USD has maintained bullish sentiment for the past three days, with price stabilizing at 1.34457. Buyers have been active in defending key support zones, although upward momentum has slowed near resistance. The market remains in a consolidation phase, where bulls are trying to extend control but face challenges at higher levels. Sustained pressure above current supports will be crucial to confirm continuation of the bullish outlook.
🔹 Transition Zones:
1.35300 – 1.35650 – Bearish Transition Zone.
The first transition zone between 1.35300 – 1.35650 represents a strong resistance band. A breakout above this area would mark a significant shift, opening the path for further bullish expansion.
1.34450 – 1.34730 – Bullish Transition Zone.
The second transition zone at 1.34450 – 1.34730 is currently in play, acting as a short-term consolidation point. Price holding above this range will help sustain the bullish sentiment and limit downside risks.
🔹 Dynamic Support/Resistance Levels:
Price: 1.34170
Level 1 at 1.34170 is functioning as strong support, underpinning the current bullish structure. A drop below this level would weaken sentiment and invite stronger selling pressure.
Price: 1.35650
Level 2 at 1.35650 aligns with the upper transition zone, creating a decisive resistance area. A successful breakout here would confirm bullish dominance and validate higher price targets.
🔹 Commentary:
GBP/USD remains supported by buyer strength but is currently capped within a narrow range. The tug-of-war between bulls and bears is intensifying as price hovers near the lower transition zone. Traders should closely watch reactions around 1.34170 and 1.35650, as these levels will shape the next directional move. A breakout above resistance could trigger a fresh bullish wave, while failure to hold support may shift sentiment back toward the downside.
GOLD (XAU/USD)
🔹 Overall Sentiment:
Bearish – XAU/USD has shown bearish sentiment for the past two days, with price now positioned at 3857 after retreating from recent highs. Sellers have managed to halt upward momentum, but the broader structure remains bullish given the strong prior rally. The short-term pullback suggests profit-taking and consolidation, rather than a full reversal. Price stability around support levels will determine whether the trend can resume higher.
🔹 Transition Zones:
3352 – 3380 – Bearish Transition Zone.
The first transition zone between 3352 – 3380 represents a deep accumulation base from which the long-term uptrend originated. A revisit to this area would only be expected under extended bearish pressure.
3732 – 3765 – Bearish Transition Zone.
The second transition zone at 3732 – 3765 has acted as a strong support during recent sessions. Holding above this zone is essential for bulls to prevent a larger correction.
🔹 Dynamic Support/Resistance Levels:
Price: 3405
Level 1 at 3405 remains a long-term structural support that anchors the overall bullish outlook. A breakdown here would significantly weaken sentiment and shift the market into a deeper corrective phase.
Price: 3625
Level 2 at 3625 is functioning as an intermediate support zone. Maintaining price above this level reinforces bullish bias despite short-term bearish sentiment.
🔹 Commentary:
Gold is experiencing a controlled pullback, with short-term sentiment turning bearish after an extended bullish run. Sellers are active, but the market structure still supports buyers as long as key supports hold. Traders should watch 3732 – 3765 and 3625 closely as pivots for renewed bullish attempts. If these levels hold, XAU/USD is likely to resume its upward trajectory, while a breakdown could confirm a deeper consolidation phase.
WTI (Crude Oil)
🔹 Overall Sentiment:
Bearish – WTI has been under bearish sentiment for the past two days, with price currently at 61.17 after extended downside pressure. Sellers continue to dominate the market, driving price lower and testing key support levels. Short-term momentum remains weak, although oversold conditions may trigger corrective rebounds. The overall bias favors bears until buyers can reclaim higher resistance levels.
🔹 Transition Zones:
62.80 – 63.20 – Bullish Transition Zone.
The first transition zone between 62.80 – 63.20 serves as the immediate resistance to watch. A move back above this level would indicate early signs of stabilization.
64.35 – 65.65 – Bearish Transition Zone.
The second transition zone at 64.35 – 65.65 represents a broader supply area. Clearing this range would mark a significant shift and potentially neutralize the current bearish trend.
🔹 Dynamic Support/Resistance Levels:
Price: 61.65
Level 1 at 61.65 is acting as immediate support, with price currently hovering just below it. Sustained trading beneath this level reinforces bearish control.
Price: 65.10
Level 2 at 65.10 is a critical resistance level aligned with broader transition structure. A break above it would provide confirmation of a stronger recovery phase.
🔹 Commentary:
WTI remains heavily pressured, with bears steering price action lower while testing critical supports. The failure to hold above 61.65 highlights persistent downside risks. Traders should monitor the reaction around 62.80 – 63.20, as a rebound here could open the door for corrective upside. However, unless price clears 65.10 decisively, bearish momentum is likely to persist.
S&P 500
🔹 Overall Sentiment:
Bullish – The S&P 500 has held bullish sentiment for the past three days, with price climbing to 6732 and pushing into fresh highs. Buyers remain firmly in control, supported by strong momentum and higher lows. The sustained upward drive reflects resilience despite broader market volatility. Unless support levels give way, the bullish tone is expected to continue.
🔹 Transition Zones:
6345 – 6370 – Bullish Transition Zone.
The first transition zone at 6345 – 6370 acted as a base for earlier rallies and remains a significant long-term support. A retest of this area would only occur under extended selling pressure.
6465 – 6500 – Bearish Transition Zone.
The second transition zone between 6465 – 6500 has now been decisively cleared, strengthening bullish conviction. This zone should now serve as a supportive structure if the market pulls back.
🔹 Dynamic Support/Resistance Levels:
Price: 6445
Level 1 at 6445 is functioning as a critical support in the broader structure. As long as price holds above this point, buyers retain a strong advantage.
Price: 6570
Level 2 at 6570 has transitioned into support after being broken, confirming bullish control. Sustaining above it reinforces upward momentum and opens the path toward higher targets.
🔹 Commentary:
The S&P 500 continues to show strength, with bullish sentiment dominating over recent sessions. The market has pushed through resistance levels, validating ongoing buying pressure. Any pullbacks into 6500–6570 may be seen as opportunities for bulls to re-enter. Unless momentum fades significantly, the index appears poised to extend gains further into October.
BTC/USD (Bitcoin)
🔹 Overall Sentiment:
Bullish – BTC/USD has carried bullish sentiment for the past three days, with price surging to 120,032 after breaking through multiple resistance levels. Buyers have maintained strong momentum, pushing the market into fresh highs. The rally highlights dominant bullish control, with sentiment firmly favoring further upside. Unless key supports give way, the bullish structure remains intact.
🔹 Transition Zones:
113,750 – 114,350 – Bearish Transition Zone.
The first transition zone between 113,750 – 114,350 was decisively cleared, confirming strong buyer conviction. This zone should now act as a supportive base for future pullbacks.
110,050 – 111,050 – Bearish Transition Zone.
The second transition zone at 110,050 – 111,050 served as a launchpad for the recent breakout. Price holding well above this level reinforces the strength of the bullish momentum.
🔹 Dynamic Support/Resistance Levels:
Price: 110,450
Level 1 at 110,450 remains a critical long-term structural support. A move back toward this level would suggest weakening momentum but would not break the broader bullish outlook unless decisively breached.
Price: 114,800
Level 2 at 114,800 has shifted into strong support after being cleared by buyers. Holding above it adds further validation to the bullish trend and secures the breakout structure.
🔹 Commentary:
Bitcoin has entered an accelerated bullish phase, breaking past resistance zones with strong momentum. The sustained move above 114,800 highlights continued institutional and retail buying pressure. Short-term pullbacks are likely to be treated as buying opportunities as long as price remains above key supports. The overall outlook stays bullish, with potential for further upside extensions if momentum continues.