Insights from the Market Desk by FenzoFx.com

[FxNews]

SOL/USD Eyes Recovery After Retesting Monthly Low




FenzoFx—Solana trades in a bear market, below the 50-period SMA. Currently, SOL/USD trades at approximately $148.37, testing the previous monthly low, which aligns with a bullish fair value gap and is backed by a high-volume node area.


A close and stabilization above $149.3 can spark the uptrend. In this scenario, the next bullish target could be the $168.38 resistance.

[FxNews]

Ethereum Rejected by Strong Resistance, A Bearish Outlook




FenzoFx—Ethereum is consolidating around $2,525 after being rejected by the $2,813.0 resistance, a strong supply zone. Immediate support lies at $2,446.0. If ETH closes below this level, a move toward $2,080 is likely.

The bearish outlook is invalidated if ETH stabilizes above $2,813.0.

[FxNews]

Bitcoin Consolidates Liquidity Around $105,000




FenzoFx—Bitcoin is trading sideways near $104,650 after a sharp drop from $109,000, forming a high-liquidity zone with potential for a breakout.


The $102,746–105,266 range shows strong accumulation, offering support. BTC remains bullish above the previous week's low but must close above the previous day's high to resume its uptrend.

[FxNews]

USD/CAD Analysis





FenzoFx—USD/CAD surged to 1.3686, a resistance zone backed by a bearish Fair Value Gap. Stochastic shows 81.0, signaling short-term overpricing. The market remains bearish below 1.3729, with fundamentals pointing to a stronger CAD.


A decline toward 1.362 is likely if USD/CAD stays below 1.3729.

[FxNews]

Bitcoin Bounced from a High-Volume Area at the 103,363 Support.




FenzoFx—Bitcoin dipped to $105,175, creating a bearish fair value gap that highlights selling pressure. Immediate support is at $103,463, backed by high volume, while resistance stands at $107,792. If support holds, BTC/USD could rise toward $112,000.

A drop below $102,185 may accelerate the downtrend toward $93,363, the previous monthly low.

[FxNews]

LTC/USD Consolidates—Key Levels to Watch





FenzoFx—Litecoin consolidates near $85.0, with key support at $81.0, aligning with last week's low. If support holds, LTC/USD could target $90.4. A drop below $81.0 invalidates the bullish outlook.

[FxNews]

Crude Oil Tests $74




FenzoFx—Crude Oil climbed to $74.0, testing the bearish Fair Value Gap and a high-volume zone. The Stochastic Oscillator signals an overbought market, suggesting possible consolidation. Oil could dip toward the previous daily low if $74.0 holds as resistance during the NY session.

A breakout above $74.0 would invalidate the short-term bearish outlook.

[FxNews]

Bitcoin Cash Nears $485—Will BCH Hold Its Gains?




FenzoFx—Bitcoin Cash remains bullish, nearing the previous monthly high at $485.0, though overbought conditions signal possible consolidation.

BCH/USD may stabilize around $431.0 before resuming its uptrend toward $485.0. A break above this level could pave the way for $568.0. The bullish outlook holds as long as BCH stays above $349.0.

[FxNews]

GBP/JPY Tests 196.4




FenzoFx—GBP/JPY is testing the 196.4 monthly high, a fragile resistance after four previous attempts. On Friday, bulls pushed higher with a long-wick candlestick, but the Stochastic Oscillator signals an overbought market.

The bullish trend remains intact if GBP/JPY holds above 193.8 support. A breakout above 196.4 may target 198.3, while closing below support could shift momentum downward.

[FxNews]

Oil Price Rally Stalls at $77.72, Just Below 2025 High—Will a Pullback Follow?





FenzoFx—Oil prices resumed their bullish trend, accelerating after geopolitical tensions in the Middle East. The rally paused at $77.72, just below the 2025 high. RSI 14 indicates an overbought market, while volume accumulation at $73.7 suggests possible sell orders. A consolidation phase is likely before further gains.

If oil pulls back, key demand zones at $64.00 and $66.00 offer bullish opportunities, with a potential move toward the 2025 high at $80.59.