Insights from the Market Desk by FenzoFx.com

[FxNews]

BCH Eyes $600.0 on Bullish Continuation Setup




FenzoFx—Bitcoin Cash remains bullish, consolidating above the ascending trendline after reaching $539.5. The price is pulling back toward the $469.1 support, which could trigger a new bullish wave if it holds. In that case, BCH may target the bearish fair value gap near $600.0.

However, if BCH/USD closes below $469.1, the current momentum dip could extend toward $437.0.

[FxNews]

FenzoFx—Litecoin is overbought as price nears resistance at $92.32. Stochastic reads 91.0, suggesting an overbought market. If LTC stays below $92.32, a bearish wave may emerge, targeting $88.47 support.


However, a close above $92.32 could trigger a bullish move toward the $100.0 mark, reinforcing the upward trend.

[FxNews]

AMZN (Amazon) Builds Bullish Setup




FenzoFx—Amazon (#AMZN) is pulling back from the $217.9 support, a key demand level backed by VWAP and high-volume activity. If this area holds, the uptrend is likely to resume with a potential move toward the $225.1 resistance. Stability above $217.9 remains crucial for bullish momentum to build.

[FxNews]

XRP Pushes Toward Breakout as Momentum Builds




FenzoFx—XRP is bullish, attempting a breakout above the $2.34 resistance. Stochastic at 70.0 and RSI at 63.0 signal strong momentum with room for further upside.

A close above $2.34 could push XRP/USD toward the next target at $2.48. However, the bullish bias remains valid only above the $2.16 support—dropping below this level could reverse the trend.

[FxNews]

Ethereum Bullish Bias Pauses After Reaching Weekly High



FenzoFx—Ethereum rose from $2,539.5, backed by VWAP and volume profile, but momentum eased after hitting the $2,651.0 weekly high. Stochastic signals overbought conditions at 87.0, hinting at possible consolidation or downside pressure.

• Bullish scenario: The bullish trend remains intact above $2,500, with upside potential toward the bearish FVG at $2,741.0.
• Bearish scenario: A close below $2,500 would shift focus to the $2,383 support zone.

[FxNews]

Gold Eyes Recovery From $3,269 Support Zone




FenzoFx—Gold dropped 0.65% to trade around $3,290.0, resuming its bearish bias. Immediate support rests at $3,269.1, backed by anchored VWAP. The bullish view holds above this level, aiming for $3,348.9.

A close below $3,259.1 would expose the $3,150.8 support.

[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.