Insights from the Market Desk by FenzoFx.com

[FxNews]

GOOGL Dips Toward: Buy Opportunity Looms at $173.5





FenzoFx—#GOOGL broke below the previous day's low at $175.68, aiming toward the $173.53 support. This zone is backed by the anchored VWAP, which can provide a discount price to join the bull market.

[FxNews]

Apple May Dip to $203 FVG Before Resuming Uptrend





FenzoFx—AAPL (Apple) is bullish, testing $210.0 resistance while Stochastic warns overbought market. A dip to the bullish FVG at $203.0 is likely before the uptrend resumes.

[FxNews]

GBP/JPY Faces Critical Supply Zone Near 199.8 Monthly High




FenzoFx—GBP/JPY hit the monthly high resistance at 199.8, a level backed by a bearish fair value gap from July 2024. The pair now trades near 199.2, just below this zone. With supply levels extending to 201.9, a decline toward the weekly support at 195.3 is expected if selling pressure builds.

[FxNews]

Gold Faces Pressure After Rejection at $3,376 Resistance




FenzoFx—Gold dropped from the $3,376.0 resistance, a level reinforced by the anchored VWAP. June’s bounce at $3,250.0 marks a key support for the broader bullish trend.

If the $3,250.0 support holds, XAU/USD can potentially resume its uptrend. However, a close below $3,236.6 would invalidate the bullish scenario.

[FxNews]

Litecoin Rebounds from FVG with $902.3 in Sight




FenzoFx—Litecoin is trading just below the $88.6 resistance after bouncing from the bullish fair value gap near $85.5. If the $88.60 resistance is breached, LTC could aim for the previous week's high at $902.3. Please note that the bullish view remains valid above $82.4.

[FxNews]

Bitcoin Cash Rebounds from VWAP-Backed Support




FenzoFx—Bitcoin Cash eased from $528.3 to $469.8, finding support backed by the anchored VWAP and ascending trendline. BCH trades at $485.0, with Stochastic at 17.0 signaling oversold conditions.

A bullish wave may emerge if $469.8 holds, targeting $500.0 and $515.2.

[FxNews]

Bullish Momentum Possible While LTC Holds Above $86.93




FenzoFx—Litecoin pulled back from $92.32, dipping to a key support at $88.52, backed by Anchored VWAP. Stochastic shows oversold conditions, signaling a potential rebound.

If $88.52 holds, a bullish wave toward $92.32 could follow. The outlook stays positive above $86.93.

[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.