Insights from the Market Desk by FenzoFx.com

[FxNews]

FenzoFx—USD/JPY dipped as expected, currently testing the VWAP as support while Stochastic signals the Yen is overpriced in the short term.

Resistance is at 147.6, backed by the bearish VWAP. It is likely the pair will rise and test this level. Furthermore, a new bearish wave can potentially emerge if 147.6 holds. In this scenario, the next target could be the support at 145.8 followed by 144.2.

[FxNews]

BCH/USD: Bullish Momentum Builds Near Key Volume Zone





FenzoFx—Bitcoin Cash is testing last week's volume point of interest, with bullish long-wick candlesticks signaling buyer strength on the 4-hour chart.


As long as BCH/USD holds above the ascending trendline, the price may rise toward the bearish FVG at $539.6, then target the previous high at $553.5. If the trendline fails, downside momentum could extend to $469.1.

[FxNews]

FenzoFx—Gold remains bullish but eased at $3,419.0 resistance. The Stochastic at 85.0 suggests a pullback may follow.


Traders can watch support at $3,389.0 for short-term scalping. Swing entries may emerge near $3,351.0 if bullish signals appear, such as candlestick patterns, structure breaks, or fair value gaps. Updates will follow if price reacts to these levels.

[FxNews]

FenzoFx—Ethereum pulled back from the daily bearish FVG. The recent candle closed with a long wick and flat body, reflecting market uncertainty. Momentum indicators remain in overbought territory, signaling a possible consolidation phase.


If resistance at $3,848.0 holds, the price may decline toward support at $3,461. However, the bullish outlook stays valid as long as ETH/USD holds above $3,848.0.

[FxNews]

FenzoFx—EUR/USD is testing the 100-day moving average as resistance, a supply zone backed by VWAP at $1.171. The Stochastic Oscillator depicts 81.0 in the description, meaning the Euro is overpriced in the short term.


Therefore, we expect the pair to test the $1.160 demand zone before the uptrend resumes. Furthermore, the bullish outlook remains valid above $1.155, and a break above resistance at $1.171 can trigger the uptrend, targeting $1.179.

[FxNews]

FenzoFx—Crude Oil trades slightly above the bullish FVG at $66.5, showing sideways momentum on the 1-hour chart. The $65.5 support is backed by volume interest and could drive prices higher.


If this level holds, bulls may target a retest of the descending trendline. For confirmation, a close above the $67.0 resistance is needed.


Please note that a close below $66.5 would invalidate the bullish outlook.

[FxNews]

FenzoFx—GBP/USD is testing the descending trendline as resistance. The primary trend is bullish, and if bulls close and stabilize above $1.3475, the uptrend will likely resume.


If this scenario unfolds, the next bullish target could be the resistance at $1.3525. Please note that the bullish outlook should be invalidated if GBP/USD closes and stabilizes below $1.3369.

[FxNews]

FenzoFx—Solana exceeded the previous month's high at 187.7, while momentum indicators warn of an overbought market. The trend is bullish, but we expect a consolidation toward $168.6. This level can offer a discount price to join the bull market.

[FxNews]

FenzoFx—XRP (Ripple) is tested and has stayed above $3.40, the previous all-time high. This level acts as support, backed by the VWAP from Thursday's low and the bullish FVG.


If this level holds, we expect the cryptocurrency to aim higher, targeting $3.60, followed by $3.66.

[FxNews]

EUR/USD Resumes Bearish Trend Below $1.176




FenzoFx—EUR/USD trades bearish, below the 100-SMA, and is currently testing the bullish FVG as support. Yesterday, Euro failed to pass the immediate resistance at $1.176; therefore, we expect the bearish bias to resume.

In this scenario, EUR/USD's downtrend could extend to the next support level at $1.151. Please note that the bearish outlook should be invalidated if Euro closes and stabilizes above $1.176.