Insights from the Market Desk by FenzoFx.com

[FxNews]

FenzoFx—EUR/USD is testing the 100-day moving average as resistance, a supply zone backed by VWAP at $1.171. The Stochastic Oscillator depicts 81.0 in the description, meaning the Euro is overpriced in the short term.


Therefore, we expect the pair to test the $1.160 demand zone before the uptrend resumes. Furthermore, the bullish outlook remains valid above $1.155, and a break above resistance at $1.171 can trigger the uptrend, targeting $1.179.

[FxNews]

FenzoFx—Crude Oil trades slightly above the bullish FVG at $66.5, showing sideways momentum on the 1-hour chart. The $65.5 support is backed by volume interest and could drive prices higher.


If this level holds, bulls may target a retest of the descending trendline. For confirmation, a close above the $67.0 resistance is needed.


Please note that a close below $66.5 would invalidate the bullish outlook.

[FxNews]

FenzoFx—GBP/USD is testing the descending trendline as resistance. The primary trend is bullish, and if bulls close and stabilize above $1.3475, the uptrend will likely resume.


If this scenario unfolds, the next bullish target could be the resistance at $1.3525. Please note that the bullish outlook should be invalidated if GBP/USD closes and stabilizes below $1.3369.

[FxNews]

FenzoFx—Solana exceeded the previous month's high at 187.7, while momentum indicators warn of an overbought market. The trend is bullish, but we expect a consolidation toward $168.6. This level can offer a discount price to join the bull market.

[FxNews]

FenzoFx—XRP (Ripple) is tested and has stayed above $3.40, the previous all-time high. This level acts as support, backed by the VWAP from Thursday's low and the bullish FVG.


If this level holds, we expect the cryptocurrency to aim higher, targeting $3.60, followed by $3.66.

[FxNews]

EUR/USD Resumes Bearish Trend Below $1.176




FenzoFx—EUR/USD trades bearish, below the 100-SMA, and is currently testing the bullish FVG as support. Yesterday, Euro failed to pass the immediate resistance at $1.176; therefore, we expect the bearish bias to resume.

In this scenario, EUR/USD's downtrend could extend to the next support level at $1.151. Please note that the bearish outlook should be invalidated if Euro closes and stabilizes above $1.176.

[FxNews]

XRP Cools Near $3.00 Amid Overbought Signals




FenzoFx—XRP remains bullish after piercing $3.00 earlier this week but cooled near resistance. Trading around $2.90, Stochastic (~84) and RSI 14 (80) indicate overbought conditions, suggesting consolidation.

We anticipate a pullback toward $2.66 support before resuming the uptrend. Alternatively, a decisive break above $3.00 would target $3.21 next.

[FxNews]

Litecoin: Volume-Heavy Resistance Caps Recovery




FenzoFx—Litecoin fell 2.50% today, forming a double bottom at $90.80. If bears stabilize the price below this level, the decline could extend toward $85.20 support.

Resistance at $97.90 aligns with a high volume zone, reinforcing bearish pressure and making a breakout challenging.

[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.