Insights from the Market Desk by FenzoFx.com

[FxNews]

Dollar Index: Bullish Momentum Builds Above $12,545




FenzoFx—The dollar index rose from $12,545.0 after a liquidity sweep below July's low. The index is up by 0.33% today, while the bullish FVG at $12,601.0 hasn't been tested or filled. This indicates the bullish momentum is strong.

From a technical standpoint, we expect the price to fill the bearish FVG with resistance at $12,686.0. Furthermore, if the price closes above this level, the uptrend could extend to the equal highs at $12,740.0.

Please note that the bullish outlook should be invalidated if the price closes below $12,601.0.

[FxNews]

Solana: Bearish FVG at $230.60 in Focus




FenzoFx—Solana trades bearish, down by 1.35% today. The 20-day lowest price rests at $200.00. We expect the price to resume its bearish trajectory toward this support level.

Ideal entry to join the bear market is the bearish fair value gap with resistance at $230.60. If the price respects the mean threshold of the FVG, the downtrend will likely be more aggressive. We suggest monitoring this gap for bearish setups.

[FxNews]

BCH: Cumulative Volume Delta Signals Potential Upside




FenzoFx—Bitcoin Cash (BCH) is consolidating within the bullish fair value gap, supported at $551.80 and trading at $560.00, up 0.48% today. Despite a new lower low, volume remains bullish, suggesting the current bearish momentum may be consolidation rather than a downtrend.


Immediate resistance is at $570.20. If price closes and stabilizes above this swing high, BCH/USD could form a bullish wave toward $594.00.

[FxNews]

XRP Hits Fragile Support Again




FenzoFx—XRP dipped to $2.727 for the third time, weakening support. Bears failed to close below this level, marking yesterday’s move as profit-taking. Due to the liquidity grab and profit booking below $2.727, we expect consolidation toward resistance at $2.943 and the breaker block mean threshold at $3.056.

The market remains bearish below these levels. Traders should monitor them for selling strategies. If resistance holds, XRP may resume its bearish trajectory, targeting the bullish fair value gap with support at $2.663.

[FxNews]

Litecoin: Liquidity Sweep Signals Consolidation




FenzoFx—Litecoin dipped to $103.0, its lowest in 40 trading days, and now trades near $106.5, recovering 0.70% today. Support remains at $103.00. Liquidity below this level has been swept, suggesting an inside candle formation. The sharp decline left a fair value gap with a mean threshold at $110.3.

Technically, Litecoin stays bearish below $112.0. However, the recent liquidity sweep points to a possible consolidation toward $110.3. Note: The bearish outlook is invalidated if LTC/USD exceeds $112.0.

[FxNews]

Bitcoin: Volume Spike Signals Temporary Relief




FenzoFx—Bitcoin sold off early in the week, now trading near $112,670.00. A high-volume 4-hour candle tapped the bullish FVG and ended with a wick, suggesting partial profit-taking by bears.

The short-term trend remains bearish due to displacement below $115,132.00 and active bearish FVGs. BTC/USD may consolidate near resistance before resuming its downtrend. If price rises toward the low-volume node near $115,132.00 and holds bearish momentum, it could target the equal lows at $107,507.00.

The bearish outlook is invalidated if BTC/USD closes above the breaker block at $116,194.00.

[FxNews]

GBP/JPY: Thin Price Action Above 200.10




FenzoFx—GBP/JPY started the week declining toward the bullish fair value gap, with support at 199.14. The overall trend remains bullish, suggesting price is consolidating or moving to a discount level.

Equal lows at 197.80 may attract price. On the 4-hour chart, the pair left a large fair value gap with a mean threshold at 200.10. Technically, GBP/JPY may aim to fill the bearish FVG, as price action remains thin above 200.10.

[FxNews]

Ethereum Tests Key Support at $4,535




FenzoFx—Ethereum’s downtrend eased after hitting the bullish breaker at $4,425.00. It currently trades near $4,540.00, down 1.00% today. Immediate support lies at $4,535.00. A close below this level could extend the decline toward the equal lows at $4,425.00 and possibly $4,240.00.

The bearish outlook remains unless Ethereum exceeds $4,700.00 and closes above the bearish fair value gap.

[FxNews]

Crude Oil: Bearish FVG in Play Amid Consolidation




FenzoFx—Crude Oil is trading at $64.18, slightly below the bearish fair value gap. The sweep of yesterday’s lows suggests potential for a test of higher resistance. Immediate support is at $63.80. If this level holds, Oil may fill the bearish FVG and test resistance at $65.00. A break above could extend gains toward $66.50.

However, if price declines and stabilizes below $63.80, the bullish outlook is invalidated. In that case, the downtrend may resume, targeting the equal lows at $62.20.

[FxNews]

Litecoin: Support at $112.10 Key to Continuation




FenzoFx—Litecoin continues its bullish structure, trading around $116.4 after forming a double bottom below $113.00. This move led to a close above the bearish order block at $117.00, reinforcing bullish sentiment. Immediate support is at $112.10. If this level holds, LTC/USD may resume its uptrend, targeting the equal highs at $123.40.


However, if price declines and stabilizes below $112.10, the bullish outlook will be invalidated. In that case, Litecoin could consolidate toward the next support at $106.80.