Recent content by FxNews

LTC Holds Key Support, Eyes Resistance FenzoFx—Litecoin bounced from the $81.80 support level and is currently trading around $84.60, just below the 50-period simple moving average. As long as LTC stays above $81.80, the outlook remains bullish, with potential to retest the $88.50 resistance...

Ethereum Consolidates Near the 50-SMA FenzoFx—Ethereum remains in a bull market above the 50-period simple moving average, though momentum slowed after testing resistance at $1,857.0. At the time of writing, it trades around $1,812.0, consolidating near the 50-SMA. As long as the price stays...

Bullish Bitcoin Find Resistance FenzoFx—Bitcoin remains bullish above the 50-period simple moving average but lost momentum near the $95,995 resistance. It currently trades around $94,650. A breakout above $95,995 could trigger a move toward $99,560. Conversely, a close below $92,875 may lead...

Crude Oil Analysis FenzoFx—Crude oil trades sideways at approximately $63.0, slightly above the 50-period simple moving average. This indicates that the market is bullish. Immediate support is located at $61.75. The market outlook remains bullish as long as black gold trades above this level...

Ethereum Trades Sideways: Bulls Need a Push FenzoFx—Ethereum is trading sideways but remains above the 50-period simple moving average, signaling a bullish market. ETH is currently priced around $1,785. A close above $1,835 could trigger a move toward the $1,950 resistance. Bearish Scenario...

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Bitcoin Walks into a Robust Resistance Zone FenzoFx—Bitcoin remains bullish above the 50-period simple moving average at around $93,950. A doji candlestick on the daily chart signals potential consolidation or a bearish move. Resistance spans from $94,990 to $99,420, suggesting a possible...

GBP/USD Analysis FenzoFx—GBP/USD fell from $1.3435, testing the 50-period simple moving average near $1.3276. The Stochastic Oscillator is nearing the 20 level, suggesting the US dollar is overbought in the short term. Support lies at $1.3202. The outlook remains bullish while above this...

EUR/USD Analysis FenzoFx—EUR/USD declined from $1.1571, as anticipated, due to overbought signals from the Stochastic and RSI 14 indicators. The pair now trades below the 50-period simple moving average, near $1.1350. The Stochastic Oscillator has dropped below 20, suggesting the U.S. dollar...

Crude Oil Tests Critical Support Level at $65.10 FenzoFx—Crude Oil is consolidating below the $65.10 resistance, trading around $64.30. The price remains above the 50-period SMA on the 4-hour chart, confirming a bullish trend. However, the Stochastic Oscillator crossing above 20 signals...

AUD/USD is Bullish: More Gains Ahead? FenzoFx—The AUD/USD pair rebounded from the $0.6363 support level, aided by the 50-period simple moving average, and is currently trading near $0.6413. Resistance stands at $0.6444. A close above this level may extend the bullish move toward $0.6940 and...

Litecoin Up by 3.5%: What’s Next? FenzoFx—Litecoin is trading above the 50-period SMA, gaining 3.5% to around $79.35 after briefly testing the $82.00 resistance. As long as LTC stays above $77.40, the trend remains bullish, with potential retests of $82.00 and a target of $88.50 if buying...

GBP/USD is Overbought at Critical Resistance Level FenzoFx—GBP/USD climbed to $1.3435, a key resistance near the September 2024 high. While the trend remains bullish, overbought signals from Stochastic and RSI-14 suggest limited upside. If the pair stays below $1.3435, it may retreat to...

Bitcoin FenzoFx—Bitcoin broke above $82,140 resistance, now trading near $86,800 after a 1% correction. The bullish trend persists, with support at $86,140 potentially enabling a rebound toward $89,000. A drop below support could lead to declines to $84,000 or $82,811.

Crude Oil FenzoFx—Crude Oil is consolidating after testing the $63.9 resistance and is trading around $62.23, supported by the 50.0% Fibonacci retracement. Indicators show a bullish trend, with the price above the 50-period SMA on the 4-hour chart, and the Stochastic Oscillator dipping below...