Insights from the Market Desk by FenzoFx.com

[FxNews]

Litecoin Tests Key Support: Reversal or Further Drop?





FenzoFx—Litecoin is currently testing a key support zone between $80.0 and $83.0, which previously marked its February low. The overall trend remains bearish, but this support level could trigger a price rebound, potentially shifting momentum in favor of buyers. If Litecoin holds above $80.0, there is a possibility of a recovery toward $100.0.


However, if sellers manage to break below this critical level, the downward trend may continue, with the next target set at $75.0.

[FxNews]

USD/CAD Pulls Back After Hitting 1.4400





FenzoFx— The USD/CAD pair hit 1.4400 but lost momentum, pulling back from resistance. Technically, USD/CAD may dip toward the 50-period SMA near 1.4330 before resuming its uptrend.


However, if USD/CAD drops below 1.4330, the bearish momentum may extend to the 1.4250 support, invalidating the bullish outlook.

[FxNews]

Ethereum Price Rebounds: Key Levels to Watch





FenzoFx—Ethereum's downtrend stabilized at $1,755, a key support level. Currently, ETH/USD trades at $1,854, testing resistance.

A double bottom pattern on the 4-hour chart suggests potential growth if bulls secure a close above $1,860. The next target could be $1,950, supported by the 50-period moving average.

[FxNews]

Bitcoin Eyes $84,720 After Key Support Rebound






FenzoFx—Bitcoin rebounded from the $81,160 support level and surged past $83,520, forming higher highs. If the price stays above this key support, the bullish momentum could continue. The next upside targets are $84,720 and $86,340. However, if Bitcoin drops below $81,160, the trend may reverse, potentially falling to $77,850.

[FxNews]

AUD/USD Eyes Fibonacci Support






FenzoFx—AUD/USD broke below the critical support at $0.626, heading toward the 78.6% Fibonacci level. The bearish trend remains intact while the price stays below the $0.6329 resistance.

[FxNews]

GBPJPY Bulls Eye 200.0 Amid Pullback





FenzoFx—GBPJPY recently hit a higher high after breaking past 195.0 resistance but has pulled back to 194.7, approaching the 50-period SMA on the 2-hour chart.


The outlook remains bullish as long as the price holds above 193.5, with potential gains toward 200.0 resistance. However, a bearish wave could emerge if GBPJPY drops below the ascending trendline and 193.5 support, targeting 192.0.

[FxNews]

NZDUSD Formed a Double Bottom Pattern: What's Next?​





FenzoFx—The NZD/USD pair formed a double bottom pattern at the $0.5710 support. The trend remains bearish, with the price below the 50-period SMA. The downtrend will stay intact unless the pair breaks above the $0.575 resistance.


For bears to regain control, the price must close below $0.5710, targeting the next support at $0.5678.

[FxNews]

SOL/USD Downtrend Escalated





FenzoFx—Solana broke the $135.0 support as expected. The double top pattern signaled this possibility in the 30-minute chart. As of this writing, SOL/USD is bouncing to test the broken support.


The market outlook remains bearish as long as it trades below $140.0, and the next target could be $130.0.

[FxNews]

Solana’s Double Bottom: Key Levels to Watch




FenzoFx—Solana has formed a double-bottom pattern with a key support level at $135.9. From a technical perspective, a bullish push above the immediate resistance at $140.0 could potentially drive prices toward the next resistance zone at approximately $145.5.

Conversely, a break below $135.9 could trigger a downtrend, targeting $130.0.

[FxNews]

Natural Gas: Consolidation Ahead?





FenzoFx—NATGAS made a clear bearish breakout below $3.81 and is now consolidating around this key support level. Meanwhile, the Stochastic Oscillator remains in the oversold territory, suggesting a potential consolidation phase may be approaching.

As a result, we anticipate Natural Gas prices will rise to test the $4.0 resistance before the downtrend resumes. Traders are advised to closely monitor this level for bearish signals, such as candlestick patterns.