J.J. Edwards’ Expert Market Analysis at FenzoFx

[FxNews]

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 overbought conditions, suggesting a potential pullback.

If oil stays below $65.10, a bearish wave could follow, targeting $62.31 and then $61.75.

Bullish Scenario: A close and stabilization above $65.10 could trigger the uptrend, targeting $67.60.

 

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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 is overvalued short-term. As long as the price remains above the $1.1259 support, the bullish outlook holds. Potential upside targets include $1.147 and $1.1571.

Bearish Scenario: If the price falls below $1.1259, bearish momentum may drive EUR/USD toward the next support at $1.1146.

 

[FxNews]

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 level, though a close above $1.3295 is needed to confirm upward momentum. A retest of $1.3435 could follow.

Bearish Scenario: A drop below $1.3202 would invalidate the bullish view, potentially extending the decline to $1.3144 or even $1.3030 under sustained selling pressure.

 

[FxNews]

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 reversal. We recommend waiting for Bitcoin’s reaction before planning a strategy.

 

[FxNews]

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: If Ethereum falls below $1,690, supported by the 50-period simple moving average (4-hour chart), it could decline toward the $1,565 support level.

 

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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. In this scenario, the immediate resistance at $65.1 could be retested.

Bearish Scenario: The bullish outlook would be invalidated if crude oil dips below the immediate support. If this occurs, the next bearish target could be the support level at $58.90.

 

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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 to a drop toward $91,720, with further downside potential to $88,830 if selling pressure intensifies.

 

[FxNews]

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 above $1,690, the outlook remains bullish. A close above $1,857.0 could push ETH/USD toward the next resistance at $1,957.0.

Bearish Scenario: A break below $1,690.0 would invalidate the bullish outlook and could trigger a drop toward $1,538.0.

 

[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.

A drop below $81.80 would invalidate the bullish view and could trigger a move toward the $77.40 support.

 

[FxNews]

Bitcoin Technical Analysis​

FenzoFx— Bitcoin began consolidating after peaking at $98,000, dipping toward the $93,565 support and now trading slightly above it. The Stochastic Oscillator sits below 25, suggesting BTC is oversold and may rebound.

Immediate support lies at $92,565. If this level holds, the uptrend could resume, targeting $98,000, with potential to push toward the $99,560 resistance if buying pressure increases.

Bearish Scenario: A drop below $91,720 would invalidate the bullish outlook, potentially extending the decline to $88,830.

 

[FxNews]

Ripple (XRP) Technical Analysis​

FenzoFx—Ripple (XRP) remains in a bear market, though the downtrend slowed after dipping to $2.127. XRP is currently trading around $2.176, testing this level as resistance.

The bearish scenario: If XRP/USD breaks above $2.176, the next bullish target is $2.2200. Conversely, a drop below $2.127 could resume the downtrend, with $2.068 as the next support level.

 

[FxNews]

Litecoin Invites Buyers​

FenzoFx — Litecoin has extended its decline from $89.5 to a key support at $81.5, the April 30 low. Strong selling pressure pushed the Stochastic Oscillator below 20, signaling oversold conditions. Support at $80.8 could pause the downtrend, potentially leading to a rebound toward $85.5.

Bearish Scenario: If LTC/USD closes below $80.80, the decline may continue toward $79.80.

 

[FxNews]

Ethereum Suffers from Lack of Momentum​

FenzoFx—Ethereum is trading sideways around $1,800 in a low-momentum market. The price is retreating from the $1,782 support, aligning with yesterday's low. It remains below the 50-period simple moving average, confirming a bearish trend, while volume indicators also point downward.

The bullish scenario: If the price breaks below $1,782, the next target could be the $1,756 demand zone. On the bullish side, a move above the $1,834 resistance—yesterday’s high—could pave the way for a rise toward $1,850.

 

[FxNews]

Litecoin Consolidates: Wait for This Before Buying​

FenzoFx—Litecoin surged from $80.0 as anticipated. A candlestick pattern signaled this move yesterday morning. Although the bullish wave broke above the $91.9 resistance, the uptrend has since paused. Currently, the price trades slightly below this level, consolidating gains.

In swing trading, the key rule is to buy at the dip and sell at the high. Thus, we are not entering at this stage. Notably, the LTC/USD 1-hour chart shows a long-wick bearish candlestick, confirmed by another bearish close, with a decline in volume.

The trend stays bullish above the 50-period simple moving average. With immediate resistance at $93.65, the bearish momentum may test the previous day's high at $89.5. If this support holds, the uptrend could resume toward the $96.7 target.

 

[FxNews]

What is Next for EUR/USD?​

FenzoFx—EUR/USD formed a hammer candlestick pattern during the London session, above the 50-period simple moving average. The critical support level that stands between the bull and the bear market rests at $1.1327.

The bullish trend is likely to resume if the price remains above the support level. In this scenario, the next target could be the previous day's high at $1.1380, followed by $1.1450.

 

[FxNews]

Bitcoin is Overbought, but $100,000 Target is Still at Hand​

FenzoFx—Bitcoin is overbought at \$97,000, a signal indicated by the Stochastic Oscillator. The price is expected to consolidate before the uptrend resumes. In this scenario, a dip toward \$93,565 may provide a favorable entry point into the bull market.

Watch this level, followed by \$91,720, for bullish signals such as candlestick patterns.

 

[FxNews]

Gold Price Drops: A Great Buying Opportunity​

FenzoFx—Gold formed a new bearish wave after the price dipped below $3,360. As of this writing, XAU/USD is testing the $3,323 support, which could potentially offer a favorable entry point into the bull market.

The price will likely rise toward $3,360 if this level holds. Please note that the market outlook remains bullish as long as the price stays above the $3,323 support.

 

[FxNews]

LTC Faced Resistance: What's Coming is Interesting​

FenzoFx—Litecoin faced resistance at $93.55 and has started consolidating below this level. Despite the pullback, the market remains bullish, with the price holding above the VWAP and 50-SMA.

Support is at $91.20, and resistance remains at $93.55. A sustained move above support could push the price toward $96.60.

Bearish Scenario: If Litecoin drops and stabilizes below $91.20, momentum may weaken further, targeting the next support at $89.30.

 

[FxNews]

Solana Found Support at $169.0​

FenzoFx—Solana found support at $169.0, consolidating after its recent gains on Friday. The primary trend remains bullish above this level. Furthermore, the uptrend will likely resume if the price exceeds the immediate resistance level at $179.5. In this scenario, the next bullish target could be the $200.0 psychological level.

Please note that the bullish outlook should be invalidated if SOL/USD dips below $169.0.

 

[FxNews]

GBP/USD is Bearish: What's the Next Target?​

FenzoFx—The GBP/USD currency pair broke below the $1.3202 support level in today's London session. The primary trend should be considered bearish as the price remains below the 50-period simple moving average.

The immediate resistance level is at $1.3260. The bearish outlook remains valid as long as the pair stays below this ceiling. In this scenario, the next bearish target could be $1.3124.