Insights from the Market Desk by FenzoFx.com

[FxNews]

Euro/USD Rebounds Above 1.1708 After Liquidity Sweep





FenzoFx—Yesterday Euro/USD took out the sell-side liquidity below 1.1708. This low is the last three days' low. After the sweep, the price bounced above 1.1708 with a bullish engulfing candlestick, meaning bullish strengthening.


The immediate support is at 1.1700. From a technical perspective, we expect the price to attack the buy-side liquidity at 1.1779. Please note that the bullish outlook should be invalidated if the price dips below 1.1700.

[FxNews]

Gold: Bullish Volume Supports Upside Momentum





FenzoFx—Gold trades higher and broke above the $3,798.0 resistance this week. Looking at the volumes, we notice this breakout is legit because the cumulative profile also formed a new high.


Currently, the market is overbought. A dip toward $3,798.0 can profile a discount price to join the bull market, targeting $3,900.0. Traders should monitor this level closely for bullish setups.

[FxNews]

Crude Oil: Bullish Momentum Builds Above $62.13





FenzoFx—Crude Oil tapped into the liquidity below the equal lows at $62.13. However, the cumulative volume profile did not form new lower lows. This means the market could be bullish, at least in the short term.


Therefore, we expect Oil to rise higher. The immediate resistance is at $62.74. From a technical perspective, the price could target the bearish FVG with resistance at $64.84 if bulls close and stabilize the price above $62.74.

[FxNews]

NZDUSD: Downtrend May Extend Toward 0.5731 Support





FenzoFx—NZD/USD is bearish and displaced below the 0.5811 low, currently testing the bearish fair value gap with resistance at 0.5845.


Looking at the daily chart, we notice a fair value gap with support at 0.5731. From a technical perspective, we expect the downtrend to resume to this liquidity area. This is because the price is close to the fair value gap; therefore, there is a high probability for the bearish momentum to resume.


Once the fair value gap is filled, at least half of it, we expect a bullish setup with targets at equal highs, the 0.5997 high.

[FxNews]

EURUSD: Bearish Setup Builds Below $1.1778





FenzoFx—Euro began dipping after it tapped into the bearish fair value gap with resistance at $1.1778. Looking at the 4-hour charts, we notice equal lows with liquidity resting below $1.1712.


From a technical perspective, we expect the price to start a new bearish leg if the fair value gap with resistance at $1.1778 holds. Please note that the downtrend outlook should be invalidated if the price closes and stabilizes above this mark.

[FxNews]

LTC/USD May Tap $110.5 Before Drop





FenzoFx—Litecoin is trading sideways. We expect LTC/USD to tick higher toward $110.5 before resuming its downtrend. If this scenario unfolds, the next bearish target is the $88.00 support area.


Please note, the bearish outlook remains valid unless price closes and stabilizes above the fair value gap near $114.00.

[FxNews]

Ethereum Pulls Back After Liquidity Tap





FenzoFx—Ethereum tapped liquidity above the equal highs at $4,233.00 and now trades around $4,190.0, down 0.60% today. Despite the move, the volume profile didn’t form a new high, signaling bearish bias. Immediate support lies at $4,130.0. A close below this level may trigger further downside toward $4,034.0.


If selling pressure continues, ETH could decline to the recent lows at $3,825.0. The bearish outlook remains valid below $4,250.0, which must be breached and held to invalidate it.

[FxNews]

Euro May Drop Toward $1.1656




FenzoFx—Euro traded higher today, up by 0.33%; however, the uptrend eased after the price reached the equal highs at $1.1807. However, the volume profile formed lower lows, meaning the current uptick in momentum could be fake.

The immediate support rests at $1.1761. From a technical perspective, a close below this level can trigger the downtrend. If this scenario unfolds, Euro could target the lows at $1.1656.

[FxNews]

Prop Trading


FenzoFx—We are offering Prop Trading Accounts to traders worldwide, available in two packages:

> A $50.00 Prop Trading Account for $1.00.
> A $5,000.00 Prop Trading Account for $5.00.
> A $10,000.00 Prop Trading Account for $10.00.

Clients face no trading restrictions and are free to apply any strategy to grow their accounts. Once qualified, they can receive a funded account of either $5,000.00 or $10,000.00 to begin their trading journey.

Feel free to check out this unique opportunity: FenzoFx Prop Trading Account.

[FxNews]

Litecoin: Bearish Outlook Holds Below $114.00




FenzoFx—Litecoin dipped below $103.10 liquidity and rebounded, now trading around $105.9. The trend remains bearish, supported by lower lows and volume profile. Following the sweep, LTC/USD may consolidate toward resistance, targeting the daily FVG mean threshold near $110.5. If buying pressure continues, the gap could be filled up to $114.00.

The bearish outlook remains valid below $114.00, with potential downside targeting liquidity at the $88.00 area. A close above $114.00 would invalidate this view.