Forex market outlook — 29 August 2026

Technicals: The daily chart maintains an overarching uptrend structure but is undergoing a sharp pull-back. Bearish momentum is dominant following three consecutive red candles and a marubozu close. Key daily levels: Support 1.13532, Resistance 1.17116 | Daily candles: higher highs & higher lows, bearish marubozu (strong full-body close); weekly candles range / mixed (context only); 4H candles lower highs & lower lows (context only) | Break & retest: watching bearish break at 1.15778, retest zone 1.15750 - 1.16040, invalidation 1.17116 | The trading plan requires a clear daily breakout and subsequent retest confirmation at the AOI before entry. Since price is currently testing support without a confirmed break, no trade setup is active and we stand aside.

Macro: Monetary policy divergence between the ECB and Federal Reserve continues to dictate EUR/USD flows. Markets are pricing in potential rate cuts from European policymakers while US yields stay resilient. Upcoming economic releases from both regions will determine whether support breaks or holds.

Technicals: Upward swing structure threatened by a decisive full-bodied daily drop Powerful daily downward impulse creating a pronounced bearish marubozu Key daily levels: Support 1.32735, Resistance 1.36758 | Daily candles: higher highs & higher lows, bearish marubozu (strong full-body close); weekly candles range / mixed (context only); 4H candles lower highs & lower lows (context only) | Break & retest: watching bearish break at 1.32735, retest zone 1.32735–1.33000, invalidation 1.36758 | Standing aside as no daily key level breakdown and retest has been confirmed yet. A minimum 1:2.1 RRR setup requires patience for a validated break of 1.32735 support.

Macro: Diverging expectations around Federal Reserve and Bank of England interest rate paths continue to anchor cable movement. Traders are awaiting upcoming macroeconomic data releases from both sides of the Atlantic for direction. Currency markets remain sensitive to shifting risk sentiment and US dollar yield dynamics.

Technicals: Daily price action shows a strong recovery with 5 consecutive up candles. Strong bullish momentum confirmed by a daily bullish marubozu closing at 94 percent of its range. Key daily levels: Support 155.226, Resistance 163.988 | Daily candles: range / mixed, bullish marubozu (strong full-body close); weekly candles higher highs & higher lows (context only); 4H candles higher highs & higher lows (context only) | Break & retest: watching bullish break at 160.000, retest zone 159.750 - 160.000, invalidation 157.196 | The trading plan rules require a confirmed daily breakout and retest before entering. Stand aside until price breaks above 160.000 and retests the AOI with valid candlestick confirmation offering a minimum 1:2.1 RRR.

Macro: US-Japan yield differentials continue to provide foundational support for USD/JPY upside momentum. Traders remain cautious of potential Ministry of Finance verbal interventions as spot approaches the sensitive 160.00 threshold. Meanwhile, macroeconomic expectations around Federal Reserve policy keep US Dollar dips well-supported.

Technicals: Daily trend is upward within a broader horizontal range. Solid daily bullish candle closing at 94% of its range reflects prevailing buying strength. Key daily levels: Support: 0.794980, Resistance: 0.820700 | Daily candles: range / mixed, no distinct pattern; weekly candles range / mixed (context only); 4H candles range / mixed (context only) | Break & retest: watching bullish break at 0.820700, retest zone 0.820000 - 0.820700, invalidation 0.794980 | Stand aside as price has not yet broken and retested the key daily resistance at 0.820700. Trading plan rules mandate standing aside until a valid daily breakout, retest, and confirmation pattern materialise.

Macro: Interest rate policy outlooks between the Federal Reserve and the Swiss National Bank remain a core driver for USD/CHF. Muted safe-haven demand for the Swiss franc is providing an ongoing tailwind for the greenback. Traders are monitoring incoming US economic data for clues on the Fed's terminal rate trajectory.

Technicals: Daily structure shows higher highs and higher lows across the multi-day window. Daily momentum stalled with the latest candle closing weakly at 10% of its range. Key daily levels: Support 0.690660, Resistance 0.720820 | Daily candles: higher highs & higher lows, no distinct pattern; weekly candles higher highs & higher lows (context only); 4H candles higher highs & higher lows (context only) | Break & retest: watching bullish break at 0.720820, retest zone 0.719000 - 0.720820, invalidation 0.711280 | No breakout and retest setup has formed at key resistance 0.720820; standing aside per trading plan rules.

Macro: Australian Dollar sentiment remains sensitive to broader market risk appetite and economic conditions in China. Meanwhile, expectations around Federal Reserve interest rate trajectory continue to dictate US Dollar strength across major pairs. Traders are closely monitoring incoming macro data for guidance on relative central bank policy paths.

Technicals: Bullish reversal candle within broader consolidation Bullish engulfing candle closing strongly at 86 percent of range Key daily levels: 1.3732 - 1.4239 | Daily candles: lower highs & lower lows, bullish engulfing; weekly candles higher highs & higher lows (context only); 4H candles range / mixed (context only) | Break & retest: watching bullish break at 1.3897, retest zone 1.3870 - 1.3897, invalidation 1.3732 | Standing aside as price has not yet achieved a daily close above key resistance at 1.3897 or provided a retest of the AOI. Per the trading plan, entry requires a confirmed breakout and retest before entering long.

Macro: Divergence in policy expectations between the Federal Reserve and the Bank of Canada remains the primary macro driver for the pair. Weakness in crude oil prices continues to undermine the commodity-linked Canadian Dollar. Upcoming US economic data releases will be crucial in determining whether USD strength can sustain a breakout.

Technicals: Daily structure shows a macro uptrend, but the latest daily candle printed a heavy bearish rejection. Downside momentum dominates the daily session after price closed near the bottom 14% of its range. Key daily levels: Support 0.567220, Resistance 0.598800 | Daily candles: higher highs & higher lows, no distinct pattern; weekly candles range / mixed (context only); 4H candles higher highs & higher lows (context only) | Break & retest: watching bearish break at 0.5988, retest zone 0.5980-0.5988, invalidation 0.6040 | Standing aside as key daily resistance at 0.5988 has not been broken, failing trading plan requirement step 3. No valid break and retest setup is currently active.

Macro: Reserve Bank of New Zealand policy expectations and broader US Dollar sentiment continue to dictate price action. Risk-off sentiment across global equities is capping upside potential for risk-sensitive currencies like NZD. Market participants are awaiting upcoming US macroeconomic data for clear directional cues.

Technicals: Uptrend structure intact but facing a sharp daily reversal candle. Strong downside momentum driven by a daily bearish engulfing candle closing at 28% of range. Key daily levels: Support 0.84550, Resistance 0.85864 | Daily candles: higher highs & higher lows, bearish engulfing; weekly candles range / mixed (context only); 4H candles higher highs & higher lows (context only) | Break & retest: watching bearish break at 0.85860, retest zone 0.85650-0.85860, invalidation 0.85950 | Stand aside as price has not yet broken key 1D support or resistance to trigger a valid break-and-retest setup. Trade setup requires a confirmed break and 0.25% retest with minimum 1:2.1 RRR before entry.

Macro: Diverging expectations between the European Central Bank and the Bank of England continue to anchor EUR/GBP within a broad range. Recent UK economic resilience has supported Sterling, keeping upside capped near 0.8580-0.8600. Traded flows ahead of upcoming central bank rate decisions are favoring tactical Sterling strength on rallies.

Technicals: upward trajectory inside compression consolidating momentum within previous candle range Key daily levels: 8629.80 - 9318.50 | Daily candles: range / mixed, inside bar (compression); weekly candles higher highs & higher lows (context only); 4H candles range / mixed (context only) | Break & retest: watching bullish break at 9318.50, retest zone 9310.00 - 9325.00, invalidation 8725.30 | Standing aside as price remains compressed inside a daily inside bar without a confirmed breakout and retest. A minimum 1:2.1 RRR setup requires patience for a daily close above 9318.50.

Macro: Australian equity market sentiment is balancing domestic economic resilience against cautious global central bank messaging. Key commodity export valuations continue to anchor medium-term equity support despite macro head winds. Short-term upside remains capped as investors await definitive macroeconomic catalysts.

Technicals: primary uptrend inside compression firm buying into session close Key daily levels: Support 71.0300, Resistance 102.010 | Daily candles: range / mixed, inside bar (compression); weekly candles range / mixed (context only); 4H candles higher highs & higher lows (context only) | Break & retest: watching bullish break at 102.010, retest zone 101.750 - 102.260, invalidation 71.030 | The market has not yet broken and retested major daily resistance, requiring a stand aside call under trading plan rules. A confirmed break and retest would offer a setup exceeding the 1:2.1 RRR requirement.

Macro: Geopolitical supply risks and active supply management continue to support crude prices. Central bank policy outlooks and global demand forecasts remain key macro drivers affecting broad commodity sentiment. Traders monitor inventory drawdowns for near-term fundamental direction.

Technicals: The daily trend is upward with price stabilizing near the EMA20 and EMA50 cluster. Momentum favors buyers following recent consolidation above major support. Key daily levels: 110.832 / 116.482 | 1D trend up vs 1W up (aligned); 1D vs 4H aligned | Break & retest: in_progress bullish break at 114.400, retest zone 114.350 - 114.600, invalidation 113.800 | Entering long on a retest of daily EMA20 support aligns with the weekly uptrend alignment. Risk is defined below 4H structure support with targets placed near the daily range high.

Macro: Crude oil price stability continues to support the Canadian Dollar against the lower-yielding Japanese Yen. Meanwhile, yield differentials favor CAD/JPY as the Bank of Japan maintains a slow normalization path. Broader market risk sentiment remains supportive of carry-trade strategies.

Technicals: Dominant uptrend marked by four consecutive sessions of higher highs and higher lows. Strong bullish momentum evidenced by a full-body marubozu candle closing at 90 percent of its range. Key daily levels: Support 24607.2, Resistance 26596.2 | Daily candles: higher highs & higher lows, bullish marubozu (strong full-body close); weekly candles higher highs & higher lows (context only); 4H candles higher highs & higher lows (context only) | Break & retest: watching bullish break at 26596.2, retest zone 26530.0 - 26596.2, invalidation 26130.8 | The system is currently in a watching phase as price approaches key daily resistance at 26596.2 without a confirmed daily breakout and retest. Strategy rules require standing aside until a valid breakout and retest confirmation candle forms.

Macro: European equities remain supported by steady corporate earnings reports and expectations of accommodative ECB monetary policy. Improved sentiment across Eurozone economic indicators has provided underlying demand for the German benchmark. Investors remain focused on upcoming regional inflation data and global risk sentiment.

Technicals: Range-bound mixed structure with a recent red daily close. Mild downside momentum following a middle-range close. Key daily levels: 51498.5 - 54780.0 | Daily candles: range / mixed, no distinct pattern; weekly candles higher highs & higher lows (context only); 4H candles higher highs & higher lows (context only) | Break & retest: watching bullish break at 54780.0, retest zone 54640.0 - 54780.0, invalidation 51498.5 | Price remains bound inside key daily structures without a confirmed breakout or retest. Standing aside per execution rules until a valid breakout and retest setup materializes.

Macro: Equity markets face headwinds from shifting central bank interest rate expectations and corporate valuation re-assessments. Broad market sentiment stays cautious in anticipation of major upcoming macroeconomic releases. Broader bond yield fluctuations continue to impact industrial equity performance.

Technicals: Dominant daily downtrend driven by aggressive selling pressure. Strong bearish momentum highlighted by a bearish engulfing candle closing at 23% of range. Key daily levels: Support 1.62538, Resistance 1.65684 | Daily candles: higher highs & higher lows, bearish engulfing; weekly candles range / mixed (context only); 4H candles higher highs & higher lows (context only) | Break & retest: watching bearish break at 1.62538, retest zone 1.62500 - 1.62800, invalidation 1.65172 | The setup is currently in a watching phase because daily key support at 1.62538 has not yet been broken and retested according to the trading plan. Stand aside until a confirmed break and retest occurs with valid candle confirmation.

Macro: Divergent central bank expectations continue to weigh on EUR/AUD as RBA hawkishness supports the Aussie dollar against a weaker Eurozone growth outlook. Markets remain attentive to upcoming CPI data and ECB policy commentary for further directional cues. Elevated commodity prices further underpin AUD performance relative to the Euro.

Technicals: Strong daily downtrend established below the 1D EMA20 and EMA50 stack. Bearish momentum dominates as price declines toward key horizontal support. Key daily levels: Support 1.60034, Resistance 1.62680 | 1D trend down vs 1W down (aligned); 1D vs 4H aligned | Break & retest: watching bearish break at 1.60397, retest zone 1.6080 - 1.6096, invalidation 1.6145 | Aligning with the daily and weekly downtrends by selling retracements into the 1D EMA20 resistance zone. The trade targets a breakdown through 1.6000 toward deeper weekly support.

Macro: Dovish ECB expectations paired with stable crude oil prices continue to provide fundamental support for the Canadian Dollar against the Euro. Diverging economic performance between Europe and Canada limits any meaningful upside momentum for EUR/CAD. Upcoming central bank communications remain the primary macro volatility driver.

Technicals: Upward trend resuming following a recovery above the 20 and 50 EMAs. Bullish momentum is building after reclaiming the 50-day EMA. Key daily levels: 179.37 support / 187.48 resistance | 1D trend up vs 1W up (aligned); 1D vs 4H aligned | Break & retest: in_progress bullish break at 184.56, retest zone 184.20 - 184.56, invalidation 183.60 | Entering on a retest of the reclaimed daily 50-day EMA provides a strong risk-to-reward ratio. The trade aligns with both the 4H and weekly upward trends.

Macro: The ECB maintains a cautious policy stance while European economic indicators show relative stability. Conversely, the Bank of Japan's slow pace of policy normalization continues to weigh on the yen. Carry trade interest remains supportive of EUR/JPY upside in the medium term.

Technicals: Daily uptrend pushing within inside bar compression. Strong bullish momentum closing at 91% of the daily range. Key daily levels: 6183.70 / 6585.40 | Daily candles: higher highs & higher lows, inside bar (compression); weekly candles higher highs & higher lows (context only); 4H candles range / mixed (context only) | Break & retest: watching bullish break at 6585.40, retest zone 6585.40 - 6601.86, invalidation 6183.70 | Standing aside as the key daily resistance at 6585.40 has not yet been broken or retested, requiring rule compliance before entry.

Macro: European macroeconomic data and ECB policy expectations continue to underpin demand across regional asset classes. Broad risk appetite and favorable rate differentials are maintaining upward pressure on the pair. Market participants are monitoring upcoming economic readings for catalysts to challenge multi-week resistance levels.

Technicals: Daily swing structure is firmly bearish with consecutive lower closes. Strong downside momentum is driven by a heavy bearish marubozu candle. Key daily levels: 8235.80 support, 8760.40 resistance | Daily candles: higher highs & higher lows, bearish marubozu (strong full-body close); weekly candles higher highs & higher lows (context only); 4H candles range / mixed (context only) | Break & retest: watching bearish break at 8308.20, retest zone 8308.20-8328.00, invalidation 8498.80 | The daily candlestick structure is strongly bearish, but price has not yet broken and retested key support at 8308.20. Following strict trading rules, standing aside is required until a daily breakout and retest confirmation occur.

Macro: French equity markets remain weighed down by ongoing domestic political uncertainties and fiscal path concerns. Additionally, sluggish eurozone economic growth continues to cap appetite for French equities. Caution ahead of upcoming inflation data keeps market participants risk-averse.

Technicals: The daily structure shows strong horizontal support at 1.9050, with immediate resistance lying at 1.9220 followed by 1.9380. A daily close below 1.9000 would invalidate this constructive setup and signal further downside risk.

Macro: The Bank of England's cautious approach to rate cuts due to persistent service inflation provides underlying support for the Pound. Conversely, the Australian Dollar remains vulnerable to shifting global risk appetite and economic developments in China.

Technicals: Daily trend is strongly bullish confirmed by a decisive bullish engulfing pattern. High bullish momentum as price closes at 97 percent of its daily range. Key daily levels: Support 209.575, Resistance 219.614 | Daily candles: range / mixed, bullish engulfing; weekly candles range / mixed (context only); 4H candles range / mixed (context only) | Break & retest: in_progress bullish break at 215.400, retest zone 215.400-215.500, invalidation 214.500 | A retest at 215.400 with a lower timeframe confirmation offers an entry with a stop behind liquidity at 214.500, yielding a favorable RRR of 1:4.56.

Macro: Monetary policy divergence remains a key macro driver as the Bank of England maintains elevated interest rates while the Bank of Japan stays cautious. Broad risk-on sentiment across global markets continues to support high-beta JPY currency pairs. Traders should monitor upcoming central bank speeches and inflation data for potential volatility.

Technicals: Daily structure remains within a broader upward window expansion. Bullish candle formation with price consolidating near the midpoint. Key daily levels: Support 23176.0, Resistance 26185.5 | Daily candles: range / mixed, no distinct pattern; weekly candles range / mixed (context only); 4H candles lower highs & lower lows (context only) | Break & retest: watching bullish break at 26185.5, retest zone 26120.0 - 26185.5, invalidation 25250.0 | The trading plan requires a daily break and retest of key resistance or support, which has not yet occurred. Standing aside until a valid break and retest sequence forms at daily levels.

Macro: Market sentiment on Hong Kong equities remains sensitive to Chinese fiscal stimulus announcements and mainland economic data releases. Fluctuations in tech sector earnings and regional geopolitical headlines continue to drive cross-asset volatility. Traders are closely monitoring capital flows between mainland exchanges and the HKEX for directional cues.

Technicals: Daily structure shows seller dominance following two consecutive down closes. Bearish momentum highlighted by price closing at 0% of its daily range. Key daily levels: Support 15190.3, Resistance 16812.5 | Daily candles: higher highs & higher lows, inside bar (compression); weekly candles lower highs & lower lows (context only); 4H candles lower highs & lower lows (context only) | Break & retest: watching bearish break at 15190.3, retest zone 15150.0 - 15230.0, invalidation 16767.5 | Stand aside as price has not yet broken and retested the daily key support level at 15190.3 to satisfy the minimum 1:2.1 RRR execution criteria.

Macro: Macro sentiment surrounding emerging market currencies and global asset flows continues to exert pressure on IND/USD. Central bank policy divergence remains a key narrative as markets price in risk-averse positioning. Traders should monitor broad USD strength for continuation triggers on equity index pairs.

Technicals: down turning bullish following engulfing pattern Key daily levels: 60533.8 support, 70509.8 resistance | Daily candles: range / mixed, bullish engulfing; weekly candles lower highs & lower lows (context only); 4H candles range / mixed (context only) | Break & retest: watching bullish break at 70509.8, retest zone 70333.5 - 70686.1, invalidation 60533.8 | Price has not yet broken the key daily resistance at 70509.8, so execution rules require standing aside. A long trade will only activate upon a verified daily breakout, AOI retest, and engulfing confirmation offering at least a 1:2.1 RRR.

Macro: Macroeconomic driver updates surrounding Bank of Japan monetary policy shifts versus US Dollar rate expectations remain pivotal for JPN/USD. Broad market sentiment and yield differentials continue to govern cross-currency capital flows. Upcoming economic releases will likely act as the fundamental catalyst for testing key structural levels.

Technicals: Sustained bullish trend with higher highs and higher lows. Strong bullish expansion across four consecutive daily up candles. Key daily levels: Support 27093.2, Resistance 30258.0 | Daily candles: higher highs & higher lows, hammer / long lower wick rejection; weekly candles lower highs & lower lows (context only); 4H candles range / mixed (context only) | Break & retest: watching bullish break at 30258.0, retest zone 30180.0–30258.0, invalidation 29058.0 | Trading rules require standing aside until a clean daily breakout and subsequent retest confirmation occur at the 30258.0 key resistance level. If confirmed, a long position targeting 32778.0 with a stop at 29058.0 would yield a compliant 1:2.1 RRR.

Macro: U.S. equity index futures are supported by resilient macroeconomic data and sustained investor demand for mega-cap technology shares. Market participants are eyeing central bank signals regarding interest rate paths to gauge valuation sustainability near record highs. Persistent tech earnings strength continues to underpin equity index sentiment despite broader market volatility.

Technicals: Macro downtrend dominating despite recent minor higher swings. Sellers maintaining control into the daily close. Key daily levels: Support 2.62200, Resistance 3.32200 | Daily candles: higher highs & higher lows, no distinct pattern; weekly candles range / mixed (context only); 4H candles range / mixed (context only) | Break & retest: watching bearish break at 2.62200, retest zone 2.62200-2.62850, invalidation 2.74400 | Standing aside as price is currently bound within the 2.62200-3.32200 daily range without a confirmed break and retest setup. A valid setup requires a daily breakdown close below 2.62200 followed by an engulfing confirmation at the AOI yielding a minimum 1:2.1 RRR.

Macro: EIA storage injections and lingering late-summer weather patterns continue to weigh on Natural Gas fundamentals. Geopolitical risks around LNG supply routes provide intermittent floors, but production levels remain elevated. Traders are monitoring end-of-season inventory projections for medium-term directional triggers.

Technicals: Mixed swing structure capped by strong overhead rejection at major resistance. Fading upside momentum indicated by a daily shooting star closing near range lows. Key daily levels: 0.80508 support, 0.82953 resistance | Daily candles: range / mixed, shooting star / long upper wick rejection; weekly candles higher highs & higher lows (context only); 4H candles higher highs & higher lows (context only) | Break & retest: watching bearish break at 0.82953, retest zone 0.82750 - 0.82953, invalidation 0.80508 | Standing aside because the major daily level at 0.82953 has not been broken, leaving the break and retest trading plan incomplete.

Macro: RBNZ policy expectations and commodity price swings in Canadian crude oil continue to dictate NZD/CAD direction. Relative central bank divergence remains key as traders assess global growth risks impacting risk-sensitive currencies. Upcoming economic releases from both Canada and New Zealand could act as catalysts for a decisive breakout.

Technicals: Daily trend turning down following high-level rejection. Strong bearish momentum confirmed by a clear daily engulfing candle. Key daily levels: 2892.89 - 3072.78 | Daily candles: range / mixed, bearish engulfing; weekly candles higher highs & higher lows (context only); 4H candles range / mixed (context only) | Break & retest: watching bearish break at 2892.89, retest zone 2890.00 - 2895.00, invalidation 3072.78 | Standing aside as the daily support level at 2892.89 has not been broken or retested yet. Execution rules require a confirmed breakout and retest before calculating an minimum RRR of 1:2.1.

Macro: Small-cap equities face persistent valuation headwinds from sticky benchmark bond yields and elevated borrowing costs. Capital-intensive Russell 2000 components tend to underperform large-cap technology during periods of interest rate uncertainty. Traders are de-risking positions ahead of upcoming macroeconomic growth and inflation data releases.

Technicals: Primary uptrend undergoing daily pullbacks and consolidation. Slight bearish tilt following a single down candle closing at 45% of range. Key daily levels: 7313.92 - 7816.70 | Daily candles: range / mixed, no distinct pattern; weekly candles higher highs & higher lows (context only); 4H candles higher highs & higher lows (context only) | Break & retest: watching bullish break at 7816.70, retest zone 7816.70, invalidation 7641.40 | No valid break and retest setup is present as price remains below the 7816.70 daily resistance level without a confirmed retest. Per rule guidelines, traders must stand aside until a breakout and confirmation candle occur.

Macro: Equity markets face minor headwinds from recalibrating Fed rate cut expectations and benchmark yield movements. Investors remain watchful ahead of key inflation reads and earnings reports which could dictate the next major catalyst. Broader sentiment remains supported by corporate earnings resilience despite short-term consolidation.

Technicals: up Shooting star pattern with long upper wick rejection closing at 30% of range. Key daily levels: 10400.6 / 10997.2 | Daily candles: range / mixed, shooting star / long upper wick rejection; weekly candles higher highs & higher lows (context only); 4H candles lower highs & lower lows (context only) | Break & retest: watching bullish break at 10997.2, retest zone 10970.0–10997.2, invalidation 10400.6 | No trade is taken because the daily chart has not achieved a verified break and retest of the major 10997.2 resistance. All criteria for entry remain unfulfilled.

Macro: UK equity sentiment remains constrained by economic growth concerns and sticky service inflation expectations weighing on Bank of England policy projections. Sterling strength adds localized headwind to international revenue earners within the FTSE index. Traders are watching upcoming UK macro data for systemic catalysts.

Technicals: Daily market structure remains in an established overall uptrend. Long lower wick hammer rejection demonstrates aggressive buying at lower levels. Key daily levels: Support 67.82, Resistance 93.50 | Daily candles: range / mixed, hammer / long lower wick rejection; weekly candles range / mixed (context only); 4H candles higher highs & higher lows (context only) | Break & retest: watching bullish break at 84.70, retest zone 84.50 - 84.70, invalidation 80.34 | Standing aside as trading plan rules require a confirmed daily breakout above 84.70 followed by a valid AOI retest before execution. Current RRR parameters cannot be satisfied prior to a breakout.

Macro: Global crude supply discipline from OPEC+ and low inventory levels continue to support the structural commodity outlook. Market participants are balancing central bank policy expectations against geopolitical risk premiums in the Middle East. Strategic clarity remains key as traders await macro growth indicators for direction.

Technicals: Daily chart printed a prominent shooting star rejection candle near major resistance. Daily momentum shifted lower as price closed weak at 17% of its daily range. Key daily levels: Support 54.78, Resistance 71.18 | Daily candles: higher highs & higher lows, shooting star / long upper wick rejection; weekly candles range / mixed (context only); 4H candles higher highs & higher lows (context only) | Break & retest: watching bullish break at 71.1766, retest zone 71.00-71.20, invalidation 65.64 | Stand aside because price was rejected at daily resistance rather than achieving a valid breakout and retest confirmation.

Macro: Precious metals experienced profit-taking as market participants evaluated recent sharp rallies against shifting macroeconomic data. Dollar fluctuations and interest rate expectations continue to drive heightened short-term price swings in spot silver. Underlying industrial and safe-haven interest provides long-term support despite immediate corrective headwinds.

Technicals: Daily chart reflects strong short-term bearish pressure despite higher structural swings. Bearish momentum is very strong following a full-body daily marubozu closing at 0% of its range. Key daily levels: Support 3964.20, Resistance 4688.00 | Daily candles: higher highs & higher lows, bearish marubozu (strong full-body close); weekly candles lower highs & lower lows (context only); 4H candles lower highs & lower lows (context only) | Break & retest: watching bearish break at 4688.00, retest zone 4688.00 - 4699.00, invalidation 4730.90 | Standing aside as no daily key level has been broken and retested with a valid confirmation candle. Entering prematurely violates the strict break-and-retest trading plan criteria.

Macro: Safe-haven demand for gold is temporarily muted as market participants digest shifting macroeconomic yields and policy signals. Impending central bank commentary continues to fuel short-term volatility across precious metals. Traders remain cautious ahead of upcoming inflation data releases.

Technicals: Range-bound with strong rejection at swing high Bearish rejection via a shooting star closing at 16% of daily range Key daily levels: Support 5.98006, Resistance 6.80470 | Daily candles: range / mixed, shooting star / long upper wick rejection; weekly candles higher highs & higher lows (context only); 4H candles range / mixed (context only) | Break & retest: watching bearish break at 6.80470, retest zone 6.78770 - 6.82170, invalidation 6.83550 | Price has not broken and retested key daily resistance at 6.80470, so rule 3 of the trading plan is unmet. Per system rules, the trade decision must be to stand aside.

Macro: Global copper markets contend with mixed macroeconomic signals as industrial activity data across key consuming nations reflects cautious expansion. Rising warehouse inventories combine with broader commodity consolidation to limit upside momentum. Market participants remain focused on monetary policy trajectories and physical demand shifts for direction.

Technicals: Daily swing expansion pushing toward key overhead resistance. Upward momentum supported by 2 consecutive bullish daily candles. Key daily levels: Support 1186.59, Resistance 1452.76 | Daily candles: lower highs & lower lows, no distinct pattern; weekly candles lower highs & lower lows (context only); 4H candles range / mixed (context only) | Break & retest: watching bullish break at 1452.76, retest zone 1449.00 - 1452.76, invalidation 1300.52 | Trading plan rules require a confirmed daily close above 1452.76, an AOI retest, and a valid confirmation candle before entering. Standing aside as the setup is currently in the watching stage.

Macro: Automotive sector demand and persistent supply constraints in key palladium mining hubs anchor underlying market sentiment. Federal Reserve interest rate policy expectations and broader precious metal strength provide a favorable macro backdrop. Traders must monitor geopolitical risks and broader commodity flow for sudden sentiment shifts.

Technicals: Clear daily uptrend maintaining a sequence of higher highs and higher lows. Bullish momentum supported by a positive daily expansion candle. Key daily levels: Support 1576.40, Resistance 1910.70 | Daily candles: higher highs & higher lows, no distinct pattern; weekly candles lower highs & lower lows (context only); 4H candles range / mixed (context only) | Break & retest: watching bullish break at 1910.70, retest zone 1906.00 - 1915.00, invalidation 1849.00 | Rules require a confirmed daily breakout and a retest at the 1910.70 AOI before executing. Standing aside as the breakout has not yet occurred.

Macro: Platinum fundamentals remain tied to industrial demand recovery and supply constraints out of South Africa and Russia. Precious metals sentiment is sensitive to US dollar shifts and global economic growth expectations. Strategic investors are monitoring broad macro flows ahead of upcoming economic catalysts.