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 afternoon, and welcome to the US session.
The wires are still wearing their regulators' hats: FinCEN has dropped its wallet and mixing proposals, the CFTC is opening a rulemaking for crypto market oversight, and Hong Kong is holding firm on its end-2026 licensing deadline. Plenty of paperwork, not much of it priced.
In this window the calendar is quiet and low-tier. Trade Balance prints for both CAD and USD, alongside Ivey PMI, RCM/TIPP Economic Optimism, and the GDT Price Index. FOMC Members Bowman and Schmid both speak, and API's weekly bulletin lands late.
On the board, EUR/USD leans bearish — D1 and H4 both down, though H1 is up and its H1 RSI sits at 69.7, with price nearer support at 1.12171 than resistance at 1.13664. Gold leans bearish with D1, H4 and H1 all down, sitting just above support at 4169.41. USD/JPY leans bullish, price closer to resistance at 158.10733. Oil leans bearish with H1 RSI at 27.6, perched right at 89.00. GBP/USD and Bitcoin read neutral; Ethereum leans bullish, wedged between two levels within 1 ATR. Watch whether the regulatory drumbeat keeps steering tone, or whether Bowman and Schmid give the tape something to chew on.
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