Insights from the Market Desk by FenzoFx.com

[FxNews]

Gold Rejects Daily Highs




FenzoFx—Gold swept liquidity above the daily highs at $3,407.40 before retreating below this level. Prior to this move, Gold formed equal lows at $3,393.70, a level likely to be targeted next.

From a technical standpoint, this suggests potential downside. If selling pressure continues, XAU/USD could slide toward the next support at $3,384.50.

[FxNews]

GBP/JPY: Key Levels to Watch: 199.53 and 198.3




FenzoFx—GBP/JPY trades sideways after dropping below 198.59. The recent momentum shift formed a bearish order block at 199.53. The outlook stays bearish if price remains below this level.


The 4-hour chart reveals equal lows at 198.3, a key target. For the bearish trend to continue, price must stay under the midpoint of the order block. If selling pressure persists, 197.85 is the next target. A break above 199.53 would invalidate this setup.

[FxNews]

AUD/USD Bearish Setup with Targets Explained




FenzoFx—AUD/USD formed new lower lows and lower highs after it was displaced by closing below $0.6485. Interestingly, the pair created equal lows at $0.6418. This indicates the trend should be considered bearish, and liquidity is present below $0.6418.

Currently, AUD/USD is consolidating by tapping into the bearish order block. From a technical perspective, we expect the downtrend to resume.

Targets: $0.6418 followed by $0.6372.

[FxNews]

EUR/USD Bearish Setup with Target




FenzoFx—EUR/USD filled the bullish fair value gap after it swept the highs at 1.1730, formed a double top. However, the recent decline in the currency pair did not result in a liquidity sweep below recent lows.

Therefore, the bearish outlook remains valid despite the primary trend, which is bullish. This week, we expect EUR/USD to trade below $1.1591 to accumulate liquidity before rallying higher.

Retail traders should monitor the middle line of the bearish engulfing pattern with resistance at $1.1685 for a bearish setup, targeting the equal lows followed by the bullish order block with ultimate support at $1.1528.

[FxNews]

Nasdaq's Bearish Drift: Key Levels in Focus




FenzoFx—Nasdaq's short-term trend is bearish. Friday's rally eased after the price filled the fair value gap with resistance at $23,569.00. Today, NQ displaced below the recent lows, currently trading inside the bullish FVG.

There is a relevant equal low at $23,012.00. From a technical perspective, the bearish outlook remains valid if the price holds below $23,569.00. In this scenario, we expect the market to fill the FVG with immediate support at $23,277.00.

Furthermore, if the selling pressure persists, Nasdaq could sweep the equal low by targeting the support at $22,950.00.

[FxNews]

EUR/USD Sweeps Liquidity: A Bearish Setup




FenzoFx—EUR/USD trades in a downtrend, forming lower lows. Today, during the late Asian session, the pair swept the liquidity below $1.1590.

From a technical perspective, we expect the price to consolidate from this point by filling the fair value gap, with resistance at $1.1636. In this scenario, a new bearish wave could emerge, targeting the bullish order block with support at $1.1528.

[FxNews]

NVIDIA's Double Bottom: A Bullish Setup?



FenzoFx—NVIDIA took out the liquidity below $170.60 support, forming a double bottom near this demand area. Looking at the 4-hour chart, we notice the market left two bearish fair value gaps and equal highs at $183.7.

Immediate support is at $170.6. If this level holds, we expect NVIDIA to fill the gaps, first targeting $176.00 followed by $180.00.

[FxNews]

Bitcoin Maintains Bearish Momentum




FenzoFx—Bitcoin stayed bearish, trading around $113,500.0 in today’s session. During the Asian hours, it swept liquidity above the previous day’s high and quickly dipped below $114,627.00.

The next buy-side liquidity zone lies at $111,903.00. The bearish outlook remains intact unless this level is swept.

[FxNews]

Liquidity Sweep and Bearish Setup on USD/CAD




FenzoFx—USD/CAD swept the liquidity above the 1.387 resistance, currently trading below this level. The 4-hour chart shows the pair formed a long wick bearish candlestick pattern.


The immediate support is at 1.386. From a technical perspective, a close with a bearish engulfing candlestick should be considered as a change of character. In this scenario, we expect the price to dip toward the next support level at 1.381.

[FxNews]

Litecoin Eyes Reversal from $112.5 Support




FenzoFx—Litecoin currently trades near $115.5, having swept last week's low liquidity. This level is supported by a bullish fair value gap, with key support at $112.5, offering a potential reversal point.

Immediate resistance stands at $117.4. A close above this level could trigger a bullish wave toward the next supply zone at $123.3.