J.J. Edwards’ Expert Market Analysis at FenzoFx

[FxNews]

Gold Holds Ground as Bulls Eye $3,410 Volume Zone​

FenzoFx—Gold built support at $3,337.2 in today's trading session. However, the uptrend is capped, and the price remained below the Bearish Fair Value Gap.

From a technical standpoint, XAU/USD outlook remains bullish above $3,337.2. In this scenario, the target is likely to be the next high volume area, which stands tall at $3,410.0.

Please note that the bullish outlook should be invalidated if Gold closes and stabilizes below the $3,337.2 support.

 

[FxNews]

Litecoin Encounters Resistance After Sharp Rally​

FenzoFx—Litecoin climbed from $82.4 and is testing the bearish fair value gap at $90.4. With Stochastic showing short-term overbought conditions at 87.0, consolidation is expected.

LTC may retest $89.0 and then dip toward support at $86.9, which aligns with a volume point of interest. The bullish view holds above $82.4; below it, the outlook weakens.

 

[FxNews]

Short-Term Overpricing Signals Oil Consolidation​

FenzoFx—Crude Oil is retesting broken resistance at $67.5. The primary trend is bullish but a pullback into the Bullish Fair Value Gap may offer a low-risk entry before the uptrend resumes.

 

[FxNews]

GBP/JPY Retests Supply Zone as Yen Strengthens​

FenzoFx—GBP/JPY bounced from 195.3 and is testing resistance at 197.0, where a bearish fair value gap is located. Stochastic shows rising momentum at 28.0, but institutional data favors the Yen, with increasing long contracts.

If 197.0 holds, the pair may retest 195.3, the previous day's low. The bearish outlook remains valid below the 197.8 resistance.

 

[FxNews]

Bullish Momentum Possible While LTC Holds Above $86.93​

FenzoFx—Litecoin pulled back from $92.32, dipping to a key support at $88.52, backed by Anchored VWAP. Stochastic shows oversold conditions, signaling a potential rebound.

If $88.52 holds, a bullish wave toward $92.32 could follow. The outlook stays positive above $86.93.

 

[FxNews]

BTC Eyes $105,119 Support Before Targeting $112,000​

FenzoFx—Bitcoin is trading just below the previous monthly high at $109,110.0, while the Stochastic remains overbought for the third consecutive day, signaling short-term overheating.

Although the broader trend is bullish, a pullback toward the anchored VWAP at $105,119.0 is expected. This level may offer a low-risk reentry, with a potential move toward the all-time high at $112,000.0.

 

[FxNews]

Bitcoin Cash Rebounds from VWAP-Backed Support​

FenzoFx—Bitcoin Cash eased from $528.3 to $469.8, finding support backed by the anchored VWAP and ascending trendline. BCH trades at $485.0, with Stochastic at 17.0 signaling oversold conditions.

A bullish wave may emerge if $469.8 holds, targeting $500.0 and $515.2.

 

[FxNews]

Litecoin Rebounds from FVG with $902.3 in Sight​

FenzoFx—Litecoin is trading just below the $88.6 resistance after bouncing from the bullish fair value gap near $85.5.

If the $88.60 resistance is breached, LTC could aim for the previous week's high at $902.3. Please note that the bullish view remains valid above $82.4.

 

[FxNews]

Gold Faces Pressure After Rejection at $3,376 Resistance​

FenzoFx—Gold dropped from the $3,376.0 resistance, a level reinforced by the anchored VWAP. June’s bounce at $3,250.0 marks a key support for the broader bullish trend.

If the $3,250.0 support holds, XAU/USD can potentially resume its uptrend. However, a close below $3,236.6 would invalidate the bullish scenario.

 

[FxNews]

Meta Eyes $740 After VWAP Test​

FenzoFx—META tested the anchored VWAP at approximately $708.3. If this level holds, the uptrend will likely resume, targeting $740.0.

 

[FxNews]

Momentum Cools as Oil Eyes Reentry From $67.6​

FenzoFx—Crude Oil bounced from $66.2, a support backed by the volume profile point of interest, but lost momentum after hitting the bearish FVG.

Currently trading near $68.2 with Stochastic overbought. A pullback to $67.6 can offer a low-risk reentry. The bullish bias remains intact above $65.2, with $70.3 as the next target.

 

[FxNews]

GBP/JPY Faces Critical Supply Zone Near 199.8 Monthly High​

FenzoFx—GBP/JPY hit the monthly high resistance at 199.8, a level backed by a bearish fair value gap from July 2024. The pair now trades near 199.2, just below this zone.

With supply levels extending to 201.9, a decline toward the weekly support at 195.3 is expected if selling pressure builds.

 

[FxNews]

Apple May Dip to $203 FVG Before Resuming Uptrend​

FenzoFx—AAPL (Apple) is bullish, testing $210.0 resistance while Stochastic warns overbought market. A dip to the bullish FVG at $203.0 is likely before the uptrend resumes.

 

[FxNews]

Bullish Setup Emerges as AMD Tests $133.25​

FenzoFx—AMD is testing the support at $133.25. A new bullish wave toward $139.7 is likely if this level holds. The bullish scenario should be invalidated if AMD closes and stabilizes below $133.2.

 

[FxNews]

GOOGL Dips: Buy Opportunity Looms at $173.5​

FenzoFx—#GOOGL broke below the previous day's low at $175.68, aiming toward the $173.53 support. This zone is backed by the anchored VWAP, which can provide a discount price to join the bull market.

 

[FxNews]

Gold Eyes Recovery From $3,269 Support Zone​

FenzoFx—Gold dropped 0.65% to trade around $3,290.0, resuming its bearish bias. Immediate support rests at $3,269.1, backed by anchored VWAP. The bullish view holds above this level, aiming for $3,348.9.

A close below $3,259.1 would expose the $3,150.8 support.

 

[FxNews]

Ethereum Bullish Bias Pauses After Reaching Weekly High​

FenzoFx—Ethereum rose from $2,539.5, backed by VWAP and volume profile, but momentum eased after hitting the $2,651.0 weekly high. Stochastic signals overbought conditions at 87.0, hinting at possible consolidation or downside pressure.

• Bullish scenario: The bullish trend remains intact above $2,500, with upside potential toward the bearish FVG at $2,741.0.
• Bearish scenario: A close below $2,500 would shift focus to the $2,383 support zone.

 

[FxNews]

XRP Pushes Toward Breakout as Momentum Builds​

FenzoFx—XRP is bullish, attempting a breakout above the $2.34 resistance. Stochastic at 70.0 and RSI at 63.0 signal strong momentum with room for further upside.

A close above $2.34 could push XRP/USD toward the next target at $2.48. However, the bullish bias remains valid only above the $2.16 support—dropping below this level could reverse the trend.

 

[FxNews]

AMZN (Amazon) Builds Bullish Setup​

FenzoFx—Amazon (#AMZN) is pulling back from the $217.9 support, a key demand level backed by VWAP and high-volume activity.

If this area holds, the uptrend is likely to resume with a potential move toward the $225.1 resistance. Stability above $217.9 remains crucial for bullish momentum to build.

 

[FxNews]

Litecoin Faces Resistance at $92.32 Amid Overbought Signals​

FenzoFx—Litecoin is overbought as price nears resistance at $92.32. Stochastic reads 91.0, suggesting an overbought market. If LTC stays below $92.32, a bearish wave may emerge, targeting $88.47 support.

However, a close above $92.32 could trigger a bullish move toward the $100.0 mark, reinforcing the upward trend.