Insights from the Market Desk by FenzoFx.com

[FxNews]

BCH/USD: Bullish Momentum Builds Near Key Volume Zone





FenzoFx—Bitcoin Cash is testing last week's volume point of interest, with bullish long-wick candlesticks signaling buyer strength on the 4-hour chart.


As long as BCH/USD holds above the ascending trendline, the price may rise toward the bearish FVG at $539.6, then target the previous high at $553.5. If the trendline fails, downside momentum could extend to $469.1.

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FenzoFx—Gold remains bullish but eased at $3,419.0 resistance. The Stochastic at 85.0 suggests a pullback may follow.


Traders can watch support at $3,389.0 for short-term scalping. Swing entries may emerge near $3,351.0 if bullish signals appear, such as candlestick patterns, structure breaks, or fair value gaps. Updates will follow if price reacts to these levels.

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FenzoFx—Ethereum pulled back from the daily bearish FVG. The recent candle closed with a long wick and flat body, reflecting market uncertainty. Momentum indicators remain in overbought territory, signaling a possible consolidation phase.


If resistance at $3,848.0 holds, the price may decline toward support at $3,461. However, the bullish outlook stays valid as long as ETH/USD holds above $3,848.0.

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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.

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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.

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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.

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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.

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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.

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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.