J.J. Edwards’ Expert Market Analysis at FenzoFx

[FxNews]

Bitcoin Rebounds Above $105K After Liquidity Sweep​

FenzoFx—Bitcoin swept liquidity below $100,703.0 and rebounded to around $105,400.0, just above the volume profile point of interest.

Immediate resistance lies at $106,135.0. A break above this level could lead to a retest of $107,702.0. However, if resistance holds, BTC may consolidate toward $102,662.0, supported by Stochastic overbought signals.

 

[FxNews]

Bitcoin Cash Faces Pressure Below Key Resistance Zone​

FenzoFx—Bitcoin Cash rose from $437.0 support, now trading near $461.3 and testing resistance backed by volume profile and the 50-period SMA.

If BCH stays below $470.8, bearish momentum may resume, targeting $437.0 and potentially $421.2. A bullish breakout could follow a close above $470.8, aiming for $478.0.

 

[FxNews]

Bearish Wave Builds Below Key ETH Supply Zone​

FenzoFx—Ethereum failed to break above $2,813.0 and is now trading around $2,430 after trimming nearly 5.0% of recent losses.

The $2,687.0 area, backed by the 50-period SMA, acts as a premium supply zone. A bearish wave could follow, targeting $1,779.0, supported by prior monthly lows and RSI divergence.

 

[FxNews]

Overbought LTC Faces Pressure at $85.0 Barrier​

FenzoFx—Litecoin is building liquidity near $85.0, a strong resistance backed by volume, with Stochastic at 92.0 indicating short-term overbought conditions.

If LTC dips below $83.86, a bearish wave may follow toward $82.33 and $79.51. Conversely, a close above $87.99 could resume the uptrend toward $88.98.

 

[FxNews]

Bitcoin Climbs Above $107K with Overbought Signals in Play​

FenzoFx—Bitcoin closed above the $107,792.00 resistance after breaking the previous day's high. RSI and Stochastic indicators show overbought conditions, signaling short-term overpricing.

BTC may test the $109,000.00 resistance next, followed by a potential pullback toward $104,618.00, offering a favorable entry point for bulls.

 

[FxNews]

BCH Faces Resistance at $500.0 Amid Bearish Signals​

FenzoFx—Bitcoin Cash rose to $500.0, a resistance zone backed by the June 19 high. Stochastic reads 85.0, indicating short-term overpricing.

The 4-hour chart shows a possible double top pattern, suggesting consolidation. If BCH stays below $500.8, it could target $494.8 and, if selling continues, drop to $480.9.

 

[FxNews]

Gold Builds Bullish Momentum After $3,294.0 Rebound​

FenzoFx—Gold bounced from $3,294.0, forming a double bottom pattern as XAU/USD consolidates near $3,330.0. Stochastic has exited oversold territory, signaling strengthening bullish momentum.

If $3,294.0 holds as support, the uptrend may continue toward the $3,393.0 target.

 

[FxNews]

Key Support at $313.3 Holds Potential for TSLA Upside​

FenzoFx—Tesla tested the order block with an average price of $325.00 in yesterday's trading session. The critical support for #TSLA is at $313.3, and if this level holds, the price can target $367.71.

 

[FxNews]

Crude Oil Trades in Range with Bullish Potential​

FenzoFx—Crude Oil trades above key support at $64.6, hovering near $66.83. If buyers maintain control, the next upside target is $69.45. However, a bearish breakdown below $62.42 would invalidate this bullish outlook.

 

[FxNews]

LTC Approaches Support Zone with Breakout Potential​

FenzoFx—Litecoin dropped 1.92% after approaching the $89.0 resistance. It now trades near $86.4, a zone aligned with a high-volume node and previous daily low.

Support ranges from $85.9 to $83.2. If LTC stays above $83.2, a bullish breakout above $89.0 may follow. A close below $83.2 invalidates this outlook.

 

[FxNews]

GBP/JPY Trades Lower After Breaching 198.0 Support​

FenzoFx—GBP/JPY declined from recent highs, currently trading around 197.3. The break below Friday’s 198.0 low intensified the downtrend, with the pair nearing a key support at 196.9.

A temporary rebound toward 198.0 is possible before the downtrend resumes toward 196.0. The bearish outlook is invalidated if GBP/JPY breaks above 198.9.

 

[FxNews]

Bitcoin Eyes $110K Target Above Key Support Level​

FenzoFx—Bitcoin trades slightly below last week’s high near $107,660.0, while RSI 14 shows bearish divergence without a clear downward move.

Immediate support is at $107,230.0, and resistance at $108,550.0. If BTC closes above resistance, a rally toward $110,651.0 may follow. The bullish outlook remains valid as long as the price stays above $104,681.0.

 

[FxNews]

AAPLE Analysis​

FenzoFx—AAPL is trading sideways, consolidating above $200.0. Resistance stands at $203.0, and if breached, Apple could rally toward $206.0.

 

[FxNews]

GBP/CAD Turns Lower After Breaking 1.8709 Support​

FenzoFx—GBP/CAD broke below the 1.8709 support, and as of this writing, it is testing this level as resistance.

From a technical perspective, a new bearish wave could be on the horizon if the price holds below the previous day's high. In this scenario, the next bearish target could be the 1.8592 low.

 

[FxNews]

Ripple Consolidates with Bullish Bias Intact​

FenzoFx—XRP's uptrend was rejected at the previous week’s high of $2.34 and is currently testing support at $2.22. As long as it holds above $2.16 or the 50-SMA, the bullish trend remains valid, with $2.34 likely to be retested.

On the flip side, a close below $2.16 could trigger a decline toward $2.07.

 

[FxNews]

Bullish Setup Forms as Institutions Accumulate Crude​

FenzoFx—Crude Oil is consolidating above support at $65.18, with momentum indicators turning bullish. The Stochastic is rising from 27, and RSI is approaching the 50.0 mark. Institutional buying reported in the latest COT data reinforces the bullish bias.

A move above $67.55 could pave the road to $69.45, while the bullish outlook stays intact as long as the price remains above $61.80.

 

[FxNews]

Solana Technical Analysis​

FenzoFx—Solana's decline from 163.9 eased near the $148.4 support. However, this demand zone expands to $140.0, which is backed by the high-volume node.

From a technical perspective, the outlook is bullish as long as Solana trades above $140.0. In this scenario, we expect the price to target at least 50.0% of its previous range, which is approximately $155.38.

 

[FxNews]

Bitcoin Cash Slides as Bearish Signals Strengthen​

FenzoFx—Bitcoin Cash fell below last week’s low and now trades around $506.8. Technical indicators show bearish signals, with RSI diverging and the Stochastic trending lower.

BCH/USD may retest support at $487.3; if broken, it could slide to $469.8. The bearish outlook is invalidated if price closes above $528.2.

 

[FxNews]

ETH Momentum Builds Above Key Support​

FenzoFx—Ethereum bounced from the $2,397.0 support and swept liquidity below the level, backed by a bullish FVG on the 4-hour chart. ETH is currently testing resistance at $2,500.0, and a breakout could lead to a retest of $2,539.0.

The bullish setup remains valid above $2,397.0; below that, $2,317.0 becomes the next support.

 

[FxNews]

Euro Futures Test Support at $1.1821 After Pullback​

FenzoFx—Euro futures dipped from 1.189, currently testing the previous day's high at $1.1821 as support.

From a technical perspective, a new bullish wave could be on the horizon if the support holds. Otherwise, a break below this level can result in the price dipping toward the previous week's high at approximately 1.1705.