Insights from the Market Desk by FenzoFx.com

[FxNews]

Short-Term Overpricing Signals Oil Consolidation




FenzoFx—Crude Oil is retesting broken resistance at $67.5. The primary trend is bullish but a pullback into the Bullish Fair Value Gap may offer a low-risk entry before the uptrend resumes.

[FxNews]

Gold Holds Ground as Bulls Eye $3,410 Volume Zone




FenzoFx—Gold built support at $3,337.2 in today's trading session. However, the uptrend is capped, and the price remained below the Bearish Fair Value Gap.

From a technical standpoint, XAU/USD outlook remains bullish above $3,337.2. In this scenario, the target is likely to be the next high volume area, which stands tall at $3,410.0.

Please note that the bullish outlook should be invalidated if Gold closes and stabilizes below the $3,337.2 support.

[FxNews]

Euro Futures Test Support at $1.1821 After Pullback




FenzoFx—Euro futures dipped from 1.189, currently testing the previous day's high at $1.1821 as support.


From a technical perspective, a new bullish wave could be on the horizon if the support holds. Otherwise, a break below this level can result in the price dipping toward the previous week's high at approximately 1.1705.

[FxNews]

ETH Momentum Builds Above Key Support





FenzoFx—Ethereum bounced from the $2,397.0 support and swept liquidity below the level, backed by a bullish FVG on the 4-hour chart. ETH is currently testing resistance at $2,500.0, and a breakout could lead to a retest of $2,539.0.


The bullish setup remains valid above $2,397.0; below that, $2,317.0 becomes the next support.

[FxNews]

Solana Technical Analysis




FenzoFx—Solana's decline from 163.9 eased near the $148.4 support. However, this demand zone expands to $140.0, which is backed by the high volume node.

From a technical perspective, the outlook is bullish as long as Solana trades above $140.0. In this scenario, we expect the price to target at least 50.0% of its previous range, which is approximately $155.38.

[FxNews]

Bullish Setup Forms as Institutions Accumulate Crude




FenzoFx—Crude Oil is consolidating above support at $65.18, with momentum indicators turning bullish. The Stochastic is rising from 27, and RSI is approaching the 50.0 mark. Institutional buying reported in the latest COT data reinforces the bullish bias.


A move above $67.55 could pave the road to $69.45, while the bullish outlook stays intact as long as the price remains above $61.80.

[FxNews]

Ripple Consolidates with Bullish Bias Intact





FenzoFx—XRP's uptrend was rejected at the previous week’s high of $2.34 and is currently testing support at $2.22. As long as it holds above $2.16 or the 50-SMA, the bullish trend remains valid, with $2.34 likely to be retested.


On the flip side, a close below $2.16 could trigger a decline toward $2.07.

[FxNews]

GBP/CAD Turns Lower After Breaking 1.8709 Support




FenzoFx—GBP/CAD broke below the 1.8709 support, and as of this writing, it is testing this level as resistance.


From a technical perspective, a new bearish wave could be on the horizon if the price holds below the previous day's high. In this scenario, the next bearish target could be the 1.8592 low.

[FxNews]

AAPLE Analysis



FenzoFx—AAPL is trading sideways, consolidating above $200.0. Resistance stands at $203.0, and if breached, Apple could rally toward $206.0.


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[FxNews]

Bitcoin Eyes $110K Target Above Key Support Level




FenzoFx—Bitcoin trades slightly below last week’s high near $107,660.0, while RSI 14 shows bearish divergence without a clear downward move.


Immediate support is at $107,230.0, and resistance at $108,550.0. If BTC closes above resistance, a rally toward $110,651.0 may follow. The bullish outlook remains valid as long as the price stays above $104,681.0.