What this reads: the bigger picture for this session — daily, 4-hour and 1-hour trends with 4-hour and 1-hour momentum, read when this briefing was written. It changes slowly and is not a forecast. Market Pulse reads only the last hour or so, so the two can disagree: a short bounce inside a downtrend can read bullish there and bearish here.
EUR/USDBEARISH · LEANING
D1/H4/H1 · session backdrop
D1 ▼ H4 ▼ H1 ▲ M15 ▲ M5 ▲RSI 70 · EMA20 < EMA50 · last 30m: 1.0 ATRSupport 1.12171 (3.7 ATR) · Resistance 1.13664 (7.2 ATR)the nearest level above is 7.2 ATR away and below 3.7 ATR — price is closer to the one below
BEARISH LEANING — D1 down, H4 down, H1 up (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 51.7; H1 RSI 69.7. Major support 1.12171 (3.7 ATR) · resistance 1.13664 (7.2 ATR). the nearest level above is 7.2 ATR away and below 3.7 ATR — price is closer to the one below Near-term: 30-min move active (1.0 ATR), structure intact.
D1 trend (long) — D1 structure says down; EMA neutral or disagreeing
H4 trend (long) — H4 structure says down; EMA aligned with it
H1 trend (long) — H1 structure says up; EMA neutral or disagreeing
Momentum (H4/H1) — H4 RSI 51.7; H1 RSI 69.7
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 1.12171 (3.7 ATR) · resistance 1.13664 (7.2 ATR)
GBP/USDNEUTRAL
D1/H4/H1 · session backdrop
D1 ▼ H4 — H1 — M15 ▲ M5 ▲RSI 74 · EMA20 > EMA50 · last 30m: 1.3 ATRSupport 1.32265 (3.6 ATR) · Resistance 1.32802 (0.4 ATR)price is 0.4 ATR under the nearest level above and 3.6 ATR over the nearest level below — near the top of its recent range
NEUTRAL — D1 down, H4 mixed, H1 mixed (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 61.1; H1 RSI 73.6. Major support 1.32265 (3.6 ATR) · resistance 1.32802 (0.4 ATR). price is 0.4 ATR under the nearest level above and 3.6 ATR over the nearest level below — near the top of its recent range Near-term: 30-min move significant (1.32 ATR), structure mixed.
D1 trend (long) — D1 structure says down; EMA neutral or disagreeing
H4 trend (long) — H4 structure says mixed; EMA neutral or disagreeing
H1 trend (long) — H1 structure says mixed; EMA neutral or disagreeing
Momentum (H4/H1) — H4 RSI 61.1; H1 RSI 73.6
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 1.32265 (3.6 ATR) · resistance 1.32802 (0.4 ATR)
USD/JPYBULLISH · LEANING
D1/H4/H1 · session backdrop
D1 — H4 — H1 — M15 ▲ M5 ▲RSI 50 · EMA20 > EMA50 · last 30m: 1.4 ATRSupport 157.78073 (1.5 ATR) · Resistance 158.10733 (0.6 ATR)the nearest level above is 0.6 ATR away and below 1.5 ATR — price is closer to the one above
BULLISH LEANING — D1 mixed, H4 mixed, H1 mixed (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 53.7; H1 RSI 49.5. Major support 157.78073 (1.5 ATR) · resistance 158.10733 (0.6 ATR). the nearest level above is 0.6 ATR away and below 1.5 ATR — price is closer to the one above Near-term: 30-min move significant (1.42 ATR), structure mixed.
D1 trend (long) — D1 structure says mixed; EMA neutral or disagreeing
H4 trend (long) — H4 structure says mixed; EMA neutral or disagreeing
H1 trend (long) — H1 structure says mixed; EMA neutral or disagreeing
Momentum (H4/H1) — H4 RSI 53.7; H1 RSI 49.5
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 157.78073 (1.5 ATR) · resistance 158.10733 (0.6 ATR)
GoldBEARISH · LEANING
D1/H4/H1 · session backdrop
D1 ▼ H4 ▼ H1 ▼ M15 ▲ M5 ▲RSI 63 · EMA20 < EMA50 · last 30m: 0.8 ATRSupport 4,169.41 (0.3 ATR) · Resistance 4,189.67 (1.1 ATR)the nearest level above is 1.1 ATR away and below 0.3 ATR — price is closer to the one below
BEARISH LEANING — D1 down, H4 down, H1 down (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 53.6; H1 RSI 63.2. Major support 4169.41 (0.3 ATR) · resistance 4189.67 (1.1 ATR). the nearest level above is 1.1 ATR away and below 0.3 ATR — price is closer to the one below Near-term: 30-min move active (0.8 ATR), structure intact.
D1 trend (long) — D1 structure says down; EMA neutral or disagreeing
H4 trend (long) — H4 structure says down; EMA aligned with it
H1 trend (long) — H1 structure says down; EMA aligned with it
Momentum (H4/H1) — H4 RSI 53.6; H1 RSI 63.2
Divergence (long) — price and RSI diverged against the long-term trend — a caution
Major levels (H4/D1) — nearest tested: support 4169.41 (0.3 ATR) · resistance 4189.67 (1.1 ATR)
OilBEARISH · LEANING
D1/H4/H1 · session backdrop
D1 — H4 — H1 ▼ M15 ▼ M5 ▲RSI 28 · EMA20 < EMA50 · last 30m: 0.9 ATRSupport 88.36 (1.1 ATR) · Resistance 89.00 (0.0 ATR)price is sitting right at the nearest level above, with 1.1 ATR to the nearest level below
BEARISH LEANING — D1 mixed, H4 mixed, H1 down (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 38.1; H1 RSI 27.6. Major support 88.36 (1.1 ATR) · resistance 89.00 (0.0 ATR). price is sitting right at the nearest level above, with 1.1 ATR to the nearest level below Near-term: 30-min move active (0.88 ATR), structure mixed.
D1 trend (long) — D1 structure says mixed; EMA neutral or disagreeing
H4 trend (long) — H4 structure says mixed; EMA neutral or disagreeing
H1 trend (long) — H1 structure says down; EMA aligned with it
Momentum (H4/H1) — H4 RSI 38.1; H1 RSI 27.6
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 88.36 (1.1 ATR) · resistance 89.00 (0.0 ATR)
BitcoinNEUTRAL
D1/H4/H1 · session backdrop
D1 ▼ H4 — H1 ▼ M15 ▲ M5 ▲RSI 61 · EMA20 > EMA50 · last 30m: 0.6 ATRSupport 85,647.3 (1.6 ATR) · Resistance none aboveno level above where price turned before — open ground overhead
NEUTRAL — D1 down, H4 mixed, H1 down (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 60.5; H1 RSI 60.6. Major support 85647.3 (1.6 ATR) · resistance no level above. no level above where price turned before — open ground overhead Near-term: 30-min move active (0.57 ATR), structure intact.
D1 trend (long) — D1 structure says down; EMA neutral or disagreeing
H4 trend (long) — H4 structure says mixed; EMA neutral or disagreeing
H1 trend (long) — H1 structure says down; EMA neutral or disagreeing
Momentum (H4/H1) — H4 RSI 60.5; H1 RSI 60.6
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 85647.3 (1.6 ATR) · resistance none above
EthereumBULLISH · LEANING
D1/H4/H1 · session backdrop
D1 ▲ H4 ▼ H1 — M15 ▲ M5 ▲RSI 54 · EMA20 > EMA50 · last 30m: 0.3 ATRSupport 2,704.4 (0.5 ATR) · Resistance 2,718.2 (0.8 ATR)price sits between two close levels (both within 1 ATR) — a move out of this zone could go either way
BULLISH LEANING — D1 up, H4 down, H1 mixed (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 54.5; H1 RSI 54.3. Major support 2704.4 (0.5 ATR) · resistance 2718.2 (0.8 ATR). price sits between two close levels (both within 1 ATR) — a move out of this zone could go either way Near-term: 30-min move normal (0.26 ATR), structure mixed.
D1 trend (long) — D1 structure says up; EMA neutral or disagreeing
H4 trend (long) — H4 structure says down; EMA neutral or disagreeing
H1 trend (long) — H1 structure says mixed; EMA neutral or disagreeing
Momentum (H4/H1) — H4 RSI 54.5; H1 RSI 54.3
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 2704.4 (0.5 ATR) · resistance 2718.2 (0.8 ATR)
SESSION PREP · US
What to watch in the US session
The US session (New York open · the afternoon drive) · updated 2026-10-06 12:12 UTC.
Good morning. The backdrop keeps its two familiar strands: global shares mostly advancing after Wall Street's gains and oil prices falling, while Washington stays busy redrawing the crypto map — FinCEN scrapping its wallet and mixer proposals, the CFTC opening a rulemaking for leveraged retail crypto trading, and the CLARITY Act's failure leaving the framework in flux. France's sovereign-debt story and Britain's "thin ice" warning supply the mood music.
Nothing here is built to move the needle hard, so expect the data to colour the mood rather than set it.
On the cards, EUR/USD is bearish leaning with D1 and H4 down, GBP/USD neutral and near the top of its recent range, USD/JPY bullish leaning with all three timeframes mixed, and gold bearish leaning across D1, H4 and H1. Oil is bearish leaning and sitting right at its nearest level above; Bitcoin is neutral with open ground overhead; Ethereum is bullish leaning, pinned between two close levels. Watch whether the trade prints or the Fed speakers start feeding the bond and crypto narratives.
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