Insights from the Market Desk by FenzoFx.com

[FxNews]

GBP/USD Analysis





FenzoFx—The GBP/USD pair rebounded from $1.3202 support, currently trading around $1.3277 and continuing its bullish trend.


As long as it stays above $1.3144, the next target could be $1.3435. On the flip side, a break below $1.3144 may trigger a bearish move towards $1.3030.

[FxNews]

NATGAS Analysis




FenzoFx—NATGAS dipped below $3.43 support on April 14 and currently trades at around $3.22. The Stochastic Oscillator indicates potential consolidation before the downtrend resumes, with $3.43 as a key resistance.

The bearish outlook holds unless NATGAS exceeds $3.66.

[FxNews]

Ethereum Analysis





FenzoFx—Ethereum trades sideways, unable to surpass $1,690 resistance. Currently, it hovers at $1,565, testing this level as support. The bearish trend persists below $1,755. Stabilization under $1,565 may lead to dips toward $1,470 and potentially $1,370 if selling pressure increases.

[FxNews]

Crude Oil Analysis




FenzoFx—Crude Oil started a bullish wave from $55.15, trading at around $62.20. Momentum slowed near $63.90 resistance. The price may dip toward $58.90 support, with further pressure potentially driving it to $55.15.

If Crude Oil surpasses $63.90, the bearish outlook invalidates, targeting $65.10 resistance.

[FxNews]

AUD/USD Analysis




FenzoFx—AUD/USD bullish momentum stalled at $0.6407, a strong resistance. The Stochastic Oscillator dropped below 80, signaling weakening buying pressure. Technically, AUD/USD appears overbought, suggesting a potential dip toward the $0.6276 support. A consolidation phase may emerge, so traders should watch for bullish candlestick patterns at this level.

[FxNews]

GBP/USD Breaks $1.3202: Bullish Market Insights





FenzoFx—The GBP/USD currency pair shows strong bullish momentum, breaking above $1.3202 yesterday. With overbought signals from the Stochastic indicator, a consolidation phase may lead to declines toward $1.3144 and $1.3030.


Traders should watch for bullish candlestick patterns near these support levels.

Join FenzoFx Forex Contest

[FxNews]

EURUSD Analysis





FenzoFx—EURUSD is trading bullishly but has eased after hitting a high of $1.1470. Currently, it trades sideways near $1.1342. Despite the bullish trend, the pair is overbought and may dip below $1.1296 toward $1.1296 support.

If bulls close above $1.1470, a further rally could target $1.1710.


Forex Contest

[FxNews]

Ethereum is Bearish: Watch this Resistance Level






FenzoFx—Ethereum is trading sideways, stabilizing above the 50-period SMA but has yet to form higher-highs. While the price remains above $1,755, the primary trend is considered bearish. A drop below this resistance could push the price toward $1,370 support.

On the other hand, if bulls manage to close above $1,755, a bullish wave could emerge, setting $1,950 as the next target.

[FxNews]

Bitcoin Bulls Pave Path to $100,000



FenzoFx—Bitcoin is trading bullishly, staying above the 50-period SMA and the 81,160 support. Currently, it hovers around $85,650, testing resistance. As long as prices hold above 81,160, the next target could be $88,650.

However, if bears push below $82,811, consolidation may occur, with support at 81,160.

[FxNews]

Litecoin's Uptrend Eased at $80.0




FenzoFx—Litecoin climbed from $64.45 but faced resistance at $80.0, easing its uptrend. It currently trades at $77.9, slightly below this resistance. The 4-hour chart indicates a bullish trend, with prices above the 50-period simple moving average. Bulls need to close above $80.0 to target $88.5.


Immediate support lies at $76.4. A drop below this level could trigger a bearish wave, pushing LTC toward $71.0.