J.J. Edwards’ Expert Market Analysis at FenzoFx

[VasilTodorov]

XAU/USD Reacts to the Ascending Trendline​

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FenzoFx—Gold tested the ascending trendline and formed a long-wick bullish candlestick pattern. If XAU/USD holds above $3,000, the uptrend will likely resume.

Well I personally think that it will record another ATH

 

[FxNews]

GBP/USD Breaks $1.3202: Bullish Market Insights​

FenzoFx—The GBP/USD currency pair shows strong bullish momentum, breaking above $1.3202 yesterday. With overbought signals from the Stochastic indicator, a consolidation phase may lead to declines toward $1.3144 and $1.3030.

Traders should watch for bullish candlestick patterns near these support levels.

 

[FxNews]

Litecoin Analysis​

FenzoFx—Litecoin is trading at $75.9 after closing below $76.4 and testing it as resistance. The Stochastic Oscillator signals oversold conditions, suggesting a possible price bounce, although the bearish trend persists below $80.0.

If the bearish momentum continues, the next target could be $71.0. Alternatively, stabilization above $80.0 may extend gains toward $88.5.

 

[FxNews]

NZDUSD Analysis​

FenzoFx—NZD/USD is trading at $0.593, a resistance area, with overbought signals from the Stochastic and RSI 14 indicators. Traders are advised to wait for consolidation, as the price may dip toward $0.5855 and $0.5769.

 

[FxNews]

AUD/USD Analysis​

FenzoFx—AUD/USD bullish momentum stalled at $0.6407, a strong resistance. The Stochastic Oscillator dropped below 80, signaling weakening buying pressure.

Technically, AUD/USD appears overbought, suggesting a potential dip toward the $0.6276 support. A consolidation phase may emerge, so traders should watch for bullish candlestick patterns at this level.

 

[FxNews]

Crude Oil Analysis​

FenzoFx—Crude Oil started a bullish wave from $55.15, trading at around $62.20. Momentum slowed near $63.90 resistance. The price may dip toward $58.90 support, with further pressure potentially driving it to $55.15.

If Crude Oil surpasses $63.90, the bearish outlook invalidates, targeting $65.10 resistance.

 

[FxNews]

Ethereum Analysis​

FenzoFx—Ethereum trades sideways, unable to surpass $1,690 resistance. Currently, it hovers at $1,565, testing this level as support.

The bearish trend persists below $1,755. Stabilization under $1,565 may lead to dips toward $1,470 and potentially $1,370 if selling pressure increases.

 

[FxNews]

NATGAS Analysis​

FenzoFx—NATGAS dipped below $3.43 support on April 14 and currently trades at around $3.22. The Stochastic Oscillator indicates potential consolidation before the downtrend resumes, with $3.43 as a key resistance.

The bearish outlook holds unless NATGAS exceeds $3.66.

 

[FxNews]

GBP/USD Analysis​

FenzoFx—The GBP/USD pair rebounded from $1.3202 support, currently trading around $1.3277 and continuing its bullish trend.

As long as it stays above $1.3144, the next target could be $1.3435. On the flip side, a break below $1.3144 may trigger a bearish move towards $1.3030.

 

[FxNews]

Litecoin Analysis​

FenzoFx—Litecoin slipped below $76.4 and is currently testing this level as support. With bearish momentum stemming from $80.0, the market outlook remains bearish while the price stays below this threshold.

>LTC/USD may target $71.00 next, and selling pressure could drive it further down to $64.45.
> A bullish shift would require a break above $80.0, paving the way toward $88.50 resistance.

 

[FxNews]

Ripple Trades Sideways: What's Next?​

FenzoFx—Ripple (XRP) closed and stabilized below the $1.2091 support. This downtick in momentum began after the price failed to surpass the $2.218 resistance.

The outlook of the market is bullish, but with the prices below the 50-SMA and the $1.2091 support, the downtrend could extend to the $1.9990 support zone. This zone stands between the bullish and the bearish market, making it a critical support level.

 

[VasilTodorov]

Ripple Trades Sideways: What's Next?​

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FenzoFx—Ripple (XRP) closed and stabilized below the $1.2091 support. This downtick in momentum began after the price failed to surpass the $2.218 resistance.

The outlook of the market is bullish, but with the prices below the 50-SMA and the $1.2091 support, the downtrend could extend to the $1.9990 support zone. This zone stands between the bullish and the bearish market, making it a critical support level.

I do not see no sideway here! it is free falling!

 

[FxNews]

I do not see no sideway here! it is free falling!

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Hi,

The analysis we provide is for day trading, which includes 1-H and 4-H charts. Executions are placed on 1-minute and 5-minute charts. The screenshot you sent is either daily or weekly, which we don't include in our day-to-day analysis.

 

[FxNews]

EUR/USD Breaks Resistance, Bullish Momentum Continues​

FenzoFx—The EUR/USD currency pair broke above $1.147 resistance, continuing its bullish path and trading around $1.1572. While indicators like Stochastic and RSI 14 signal overbought conditions, EUR/USD may consolidate and test support levels at $1.147 and $1.1296.

Traders should watch for bullish candlestick patterns at these levels, with the market outlook remaining strong as long as prices stay above $1.1296, supported by the 50-period moving average.

 

[FxNews]

AUD/USD Secures Bullish Momentum Above $0.6407​

FenzoFx—AUD/USD closed above $0.6407 and remains stable, signaling a bullish trend supported by the 50-period simple moving average.

However, indicators like Stochastic and RSI 14 suggest an overbought condition, hinting at a possible correction. Key support lies at $0.6395, with traders watching for bullish signals such as candlestick patterns.

The outlook stays bullish above $0.6276, while dips below this level could trigger extended consolidation.

 

[FxNews]

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 20, indicating oversold conditions. A rebound is possible if Oil stays above $62.00, with a target of $64.00.

Bearish Scenario: The bullish outlook is invalidated if the price drops below $62.00. In this case, momentum could extend toward $60.77, aligned with the 78.6% Fibonacci retracement level.

 

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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.

 

[FxNews]

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 1.3295 or even 1.3202.

 

[FxNews]

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 pressure continues.

Bearish Scenario: A close below $77.40 could trigger a decline toward $75.20.

 

[FxNews]

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 $0.7200.

Bearish Scenario: A drop below $0.6363 would invalidate the bullish outlook, potentially triggering a decline toward $0.6322.