EUR/USD
🔹 Overall Sentiment:
Bullish – EUR/USD is currently trading at 1.13423, reflecting a renewed bullish sentiment that has been present since yesterday. While the pair had previously consolidated near the upper bounds of the support region, the recent rebound suggests a potential resurgence in bullish momentum. This shift indicates that buyers may be stepping back in to defend key levels and initiate a new leg higher.
🔹 Transition Zones:
1.08650 – 1.09200 – Bearish Transition Zone.
This area represents a longer-term accumulation region where buyers historically entered the market with confidence. It remains a valid structural base and reference point in case of deeper corrections.
1.12650 – 1.13600 – Bearish Transition Zone.
The pair is currently hovering within this transition zone. Continued movement within this range will be critical for determining whether the bulls can reclaim dominance and drive price toward the next resistance zone. A decisive breakout above this range could shift the broader narrative back in favor of the uptrend.
🔹 Dynamic Support/Resistance Levels:
Price: 1.08950
This dynamic level continues to hold as a structurally important support. As long as EUR/USD remains comfortably above this mark, the overall outlook remains constructive for buyers.
Price: 1.12950
Having reclaimed this level, EUR/USD is attempting to establish it as a new floor. Sustained action above 1.12950 could solidify the pair’s position for a potential test of higher resistance zones above 1.13600.
🔹 Commentary:
After several sessions of range-bound action, EUR/USD is showing signs of bullish rotation. Price action has been oscillating around the upper edge of the transition zone, and the latest rebound off the 1.12950 dynamic support confirms buyers are stepping in at key levels. With bullish sentiment reappearing on the algorithm after a brief pause, the path forward may favor continued upside as long as price holds above the dynamic support. Traders will now be closely watching for a clean break and hold above 1.13600 to confirm the next phase of the rally.
GBP/USD
🔹 Overall Sentiment:
Bearish – GBP/USD is currently trading at 1.33014, and for the first time in weeks, the sentiment has turned bearish, showing signs of short-term weakness. This reversal comes after a prolonged bullish run and suggests that sellers may now be attempting to reclaim control, especially near the upper edge of the key resistance zone. If the current pressure persists, it could lead to deeper retracements toward lower support levels.
🔹 Transition Zones:
1.29350 – 1.30000 – Bearish Transition Zone.
This lower transition zone marks a potential area where buyers could become active again if the market retreats. It previously served as a springboard for bullish momentum and will likely act as a critical battleground in the event of a pullback.
1.33450 – 1.33900 – Bearish Transition Zone.
GBP/USD recently tested this upper transition zone but failed to break through convincingly. The rejection from this range aligns with the shift to bearish sentiment and highlights it as a key resistance ceiling for now. A strong move above this zone would invalidate the short-term bearish case and signal a possible continuation of the uptrend.
🔹 Dynamic Support/Resistance Levels:
Price: 1.30150
This level continues to function as a primary dynamic support. If price action moves lower in the coming sessions, this area will be pivotal in determining whether the bulls can defend recent gains.
Price: 1.32050
After a brief consolidation around this dynamic resistance, price has pulled back. This level now serves as an intermediate cap that sellers may try to hold in order to maintain downside pressure.
🔹 Commentary:
After enjoying a strong bullish run throughout April, GBP/USD is now entering a correction phase. The current bearish sentiment, as indicated by the volume-based algorithm, reflects growing skepticism among buyers at higher levels. The pair has been trading in a narrow range just below the key resistance zone at 1.33450–1.33900, and without a fresh catalyst or breakout, this could evolve into a broader retracement. For now, the spotlight remains on 1.32050 and 1.30150 as intraday pivots, while traders will monitor the evolving sentiment to assess whether this is a short-term pause or the beginning of a deeper move lower.
GOLD (XAU/USD)
🔹 Overall Sentiment:
Bullish – Gold (XAU/USD) is currently trading at 3303, and sentiment has been steadily bullish for the past two days. After bouncing off the dynamic support level near 3212, price action has regained strength, supported by a clear uptick in buying volume. This renewed momentum suggests a possible attempt to re-enter the upper transition zone in the sessions ahead, with bulls defending recent lows aggressively.
🔹 Transition Zones:
3010 – 3050 – Bullish Transition Zone.
This lower zone remains structurally important as a consolidation base. Price spent time building support in this area during April, and if there’s any renewed downside, this level may again attract value-based buying interest.
3195 – 3240 – Bearish Transition Zone.
This is the current battlefield. Gold has just surged back into this transition zone after briefly slipping below it earlier in the week. How price reacts here will be crucial for near-term trend continuation. A firm break and hold above 3240 would likely open the door toward a fresh leg higher.
🔹 Dynamic Support/Resistance Levels:
Price: 2975
This foundational level marks the lower boundary of gold’s recent bullish structure. A drop below this point would imply a serious shift in sentiment, invalidating current bullish expectations.
Price: 3212
Gold is trading just above this dynamic level, and it has now flipped into a potential support following the rebound. Holding above 3212 would provide the structural base needed to target higher zones through the rest of the week.
🔹 Commentary:
Gold has stabilized impressively after retreating from its recent peak above 3480, with price rebounding cleanly from the lower edge of the 3195–3240 zone. The bullish sentiment reflects a strong response from buyers near dynamic support, and this could develop into a continuation leg if price maintains elevation above 3212. This week’s price behavior suggests accumulation rather than weakness, especially with volume supporting the upside. While volatility may increase around 3240, a clean breakout above it would be an encouraging technical confirmation that gold remains well-supported in the broader uptrend.
WTI (Crude Oil)
🔹 Overall Sentiment:
Bearish – WTI crude oil is trading at 57.478, and bearish sentiment has dominated the last 24 hours. After failing to hold above the key dynamic support level at 59.600, price sharply accelerated to the downside, breaking into fresh weekly lows. The current structure signals growing weakness as sellers continue to press the market lower, with very little buying pressure stepping in so far.
🔹 Transition Zones:
62.300 – 63.800 – Bearish Transition Zone.
This transition zone acted as a crucial resistance area over the past week. Despite multiple consolidation attempts within this region, price failed to sustain momentum, and rejection from its upper boundary sparked the current leg lower.
70.750 – 71.450 – Bearish Transition Zone.
This zone remains significantly out of reach for now, but should be monitored as a potential long-term upside target if conditions reverse in the coming weeks. For now, it highlights the previous bullish extreme that marked the top in April.
🔹 Dynamic Support/Resistance Levels:
Price: 59.600
This level has officially flipped from support into resistance. The break below it confirms the weakness in price action and suggests that rallies toward this level may face renewed selling pressure.
Price: 66.100
This upper boundary now stands as the most critical resistance, capping all bullish attempts in late April. Price would need a strong reclaim of this level to indicate any real shift in current bearish bias.
🔹 Commentary:
WTI is now in a vulnerable technical position, having broken decisively below its recent structure. The bearish sentiment is underscored by consistent red bars in the volume sentiment tracker and the lack of any bounce from prior support levels. Unless buyers step in aggressively near current levels or news-driven catalysts emerge, WTI appears poised for further weakness in the short term. If 57.00 fails to hold, eyes will shift toward lower untested zones below the current chart range. Until then, rallies should be treated with caution, particularly if they stall near the broken 59.600 level.
S&P 500
🔹 Overall Sentiment:
Bullish – The S&P 500 is currently trading at 5,639, reflecting a sustained bullish sentiment that has been developing over the past two days. The index has rebounded strongly from previous support levels, building on momentum and pushing toward the lower boundary of the defined transition zone. The consistent series of higher lows and aggressive buying volume reinforce the underlying positive tone.
🔹 Transition Zones:
5700 – 5780 – Bearish Transition Zone.
This is a key inflection zone. Price is now approaching the lower edge of this resistance-heavy region. If the index manages to pierce through the 5,700 level with strength and close above it on the 4H or daily chart, it may trigger a broader breakout scenario toward the upper range. Until then, this zone will likely act as a battleground between bulls and bears.
🔹 Dynamic Support/Resistance Levels:
Price: 5110
This level provided a firm base for the most recent recovery. The sharp reversal from this level confirmed the presence of strong institutional demand and served as a launchpad for the current bullish wave.
Price: 5595
Now acting as intraday support, this previously contested area was breached with conviction. Holding above this mark reinforces bullish strength, and any retest could provide a potential long entry zone, assuming rejection of lower prices.
🔹 Commentary:
The S&P 500 is building pressure just beneath the 5,700 resistance. The last two days of bullish sentiment are visible not only in price structure but also in consistent green volume bars, which indicate strong follow-through buying. Momentum appears constructive, but traders should remain alert as price nears the transition zone. A rejection here could lead to a short-term pullback toward 5,595, while a breakout would likely open the path toward the 5,750–5,780 range. For now, the market remains firmly in the hands of the bulls, but volatility may spike as we move into the upper boundary of this range.
BTC/USD (Bitcoin)
🔹 Overall Sentiment:
Bearish – Bitcoin is currently trading at 94,662, and the sentiment has shifted to bearish over the past three days. Price action has flattened near resistance, with short-term distribution patterns beginning to emerge. The recent break back into the upper transition zone indicates a loss of bullish momentum and a potential trend reversal brewing beneath the surface.
🔹 Transition Zones:
81,200 – 84,200 – Bullish Transition Zone.
This zone was a significant accumulation range during April, and it continues to serve as a broad support area on a macro level. If price corrects deeper, expect strong buying interest to resurface around these levels.
93,650 – 94,675 – Bearish Transition Zone.
Price is currently hovering near the top of this resistance band, repeatedly failing to break higher. Sellers are beginning to dominate this zone, creating a ceiling that has so far held firm. This transition zone has effectively capped price rallies over the past few days, increasing the probability of a downward resolution.
🔹 Dynamic Support/Resistance Levels:
Price: 83,150
This remains the most critical downside level to monitor. A clean break below this would likely invalidate the previous bullish structure and open the door to further selling pressure, especially if paired with declining volume and weaker sentiment.
Price: 91,700
This level was previously acting as support but has now been flipped. Currently, it is being tested from above. A strong bounce here would support a recovery scenario, but failure to hold would trigger more aggressive liquidation into lower demand zones.
🔹 Commentary:
The BTC/USD chart is currently sending caution signals. Bearish sentiment has persisted for three consecutive days, coinciding with clear signs of price rejection near the top of the local transition zone. The market is attempting to hold above the 91,700 dynamic level, but the structure is weakening with each failed breakout attempt. Traders should watch closely for a confirmed breakdown from the 93,650–94,675 region. A decisive move below this range could trigger a rapid descent toward the 91,700 support and possibly even the 83,000s if momentum accelerates. For bulls, reclaiming 95,000 and holding above would be essential to revive upside continuation.
