Insights from the Market Desk by FenzoFx.com

[FxNews]

Litecoin Stabilizes After Liquidity Sweep




FenzoFx—Litecoin trades sideways, up nearly 1.0% today, currently around $113.80. The recent momentum may stem from the liquidity sweep below $106.80 on September 1st. However, RSI hovers above 70.0, indicating overbought conditions.

Immediate resistance stands at $116.30. Technically, Litecoin hasn’t cleared significant buy-side liquidity, so we remain neutral until price reaches this level. The resistance appears to be the next target following the sell-side liquidity sweep.

[FxNews]

Bitcoin: Liquidity Below $107K Signals Bearish Risk



FenzoFx—Bitcoin formed a double top at $113,480.00 and is trading lower, up 0.80% today. The chart shows equal lows at $107,507.00, indicating unabsorbed liquidity below. Technically, Bitcoin may drop to fill the bullish fair value gap near $103,500.00, if BTC/USD closes below the $109,993.00 resistance.

This bearish outlook is invalidated if Bitcoin closes and stabilizes above $113,480.00. In that case, the next bullish target could be $117,416.00.

[FxNews]

Bitcoin Cash Holds Bullish Structure




FenzoFx—Bitcoin Cash slipped nearly 3.00% after approaching $607.60, now trading around $586.00. The bullish outlook holds while BCH stays above the inverted fair value gap, with key support at $568.00.

Consolidation near or within the FVG is expected before a potential rebound. If the mean threshold holds, BCH could aim for $626.00. A drop below $568.00 would invalidate the bullish scenario.

[FxNews]

Litecoin Eyes Higher Resistance




FenzoFx—Litecoin’s bearish momentum eased after sweeping the $106.80 low in New York’s late PM session. The price is now stabilizing above the inverted fair value gap at $111.90.

While BCH and XRP surged yesterday, Litecoin lagged. However, equal highs at $114.30 and $123.30 suggest potential upside. LTC/USD could reach $116.30, and if buying pressure continues, a rally toward $123.30 is likely.

Note: The bullish outlook is invalidated if the price dips below $106.80.

[FxNews]

XRP: Bullish Setup Forms Above $2.833




FenzoFx—XRP extended its downtrend to the August low of $2.727, briefly sweeping below. On the 4-hour chart, three equal highs at $3.105, $3.145, and $3.348 suggest a bullish setup. Immediate resistance sits at $2.833.

A bullish wave may emerge if this level is engulfed with a fair value gap, targeting $2.915. A strong exit above $2.195 could push toward $3.105 and $3.145.

[FxNews]

Ethereum Eyes Resistance Amid Bearish Outlooks




FenzoFx—Ethereum is consolidating after forming a triple bottom at equal lows of $4,207.0. It recently tapped the mean threshold of the inverted fair value gap near $4,400.0. Momentum picked up after ETH swept liquidity below $4,257.0, suggesting a potential move toward equal highs at $4,516.0.

However, this uptick doesn’t signal a market structure shift. The broader outlook remains bearish until Ethereum revisits the equal lows at $4,207.0, where significant stop orders have accumulated, especially since Monday.

[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.