J.J. Edwards’ Expert Market Analysis at FenzoFx

[FxNews]

Ethereum Approaches $2,908 as Bullish Momentum Fades​

FenzoFx—Ethereum remains bullish, trading near $2,796 and approaching monthly resistance at $2,908. Stochastic shows an overbought reading of 81.0, suggesting short-term buying exhaustion.

Bearish Scenario: A pullback toward $2,651 is likely if $2,908 holds. Extended selling pressure could lead to a test of the anchored VWAP near $2,500.

Bullish scenario: A confirmed breakout above $2,908 would likely extend the rally toward $3,260.

 

[FxNews]

AMD Analysis​

FenzoFx—#AMD broke above $139.8, making the primary trend bullish. A pullback to this level can provide a discount to join the bull market, with a target at $147.8.

 

[FxNews]

Tesla Analysis​

#TSLA broke the descending trendline. The next target is bullish at $314.0 followed by $322.6.

 

[FxNews]

Bitcoin Cash Tests $528.3 as Double Top Forms​

FenzoFx—Bitcoin Cash faces resistance at $528.3, forming a double top and trading slightly below this level. Stochastic readings above 80.0 signal an overbought market, increasing the risk of a correction.

If BCH fails to break above $528.3, a pullback to $514.1 and $500.0 is likely, offering potential bullish re-entry zones. Alternatively, a confirmed breakout above $528.3 could pave the way toward the next supply area at $560.0.

 

[FxNews]

Ethereum Stalls at $3,101.0​

FenzoFx—Ethereum broke past $2,880.0 but stalled near a bearish fair value gap. The daily chart shows a longwick bearish candlestick, signaling increased selling pressure. With Stochastic at 90.0, ETH is short-term overbought. Resistance is at $3,101.0—if it holds, ETH may retreat to $2,880.0 or $2,638.0.

A close above $3,101.0 would invalidate the bearish outlook and pave the way toward $3,330.0.

 

[FxNews]

Euro Tests $1.170 Support in Bearish Channel​

FenzoFx—Euro trades in the bearish channel, testing the $1.170 support. A close below this level can trigger a new bearish trend toward the next demand zone at approximately $1.156.

 

[FxNews]

Bitcoin: Support at $112K Holds Key to Bullish Continuation​

FenzoFx—Bitcoin is bullish, trading above $112,000.0 after forming a new all-time high at $123,231.0. The current dip may offer a strong reentry if $112,000.0 holds as support, aligning with a bullish fair value gap.

Price remains above the ascending trendline, reinforcing the bullish outlook. If momentum continues and BTC breaks past $123,231.0, the next target could be $130,000.0.

A fall below the trendline would invalidate the bullish setup.

 

[FxNews]

BCH Eyes $600.0 on Bullish Continuation Setup​

FenzoFx—Bitcoin Cash remains bullish, consolidating above the ascending trendline after reaching $539.5. The price is pulling back toward the $469.1 support, which could trigger a new bullish wave if it holds. In that case, BCH may target the bearish fair value gap near $600.0.

However, if BCH/USD closes below $469.1, the current momentum dip could extend toward $437.0.

 

[FxNews]

Litecoin: Volume-Heavy Resistance Caps Recovery​

FenzoFx—Litecoin fell 2.50% today, forming a double bottom at $90.80. If bears stabilize the price below this level, the decline could extend toward $85.20 support.

Resistance at $97.90 aligns with a high-volume zone, reinforcing bearish pressure and making a breakout challenging.

 

[FxNews]

USD/CHF Bearish Analysis​

FenzoFx—USD/CHF is testing the critical resistance level at 0.804, a demand zone that coincides with the descending trendline.

A new bearish wave would form if the price remains below this level. In this scenario, USD/CHF will likely retest the previous support level at 0.787.

 

[FxNews]

XRP Cools Near $3.00 Amid Overbought Signals​

FenzoFx—XRP remains bullish after piercing $3.00 earlier this week but cooled near resistance. Trading around $2.90, Stochastic (~84) and RSI 14 (80) indicate overbought conditions, suggesting consolidation.

We anticipate a pullback toward $2.66 support before resuming the uptrend. Alternatively, a decisive break above $3.00 would target $3.21 next.

 

[FxNews]

EUR/USD Resumes Bearish Trend Below $1.176​

FenzoFx—EUR/USD trades bearish, below the 100-SMA, and is currently testing the bullish FVG as support. Yesterday, Euro failed to pass the immediate resistance at $1.176; therefore, we expect the bearish bias to resume.

In this scenario, EUR/USD's downtrend could extend to the next support level at $1.151. Please note that the bearish outlook should be invalidated if Euro closes and stabilizes above $1.176.

 

[FxNews]

Unique Bearish Setup Emerges for AUD/JPY This Quarter​

FenzoFx—AUD/JPY is bullish, currently testing the critical resistance and order block at 97.3. This level coincides with the VWAP and volume profile point of interest. Bears are interested in adding short positions at the 97.3 price level.

Since this level is highly important and has the potential to change the trend, it is necessary to form a double top at this price, which has not happened before.

From a technical perspective, if a double top pattern forms at 97.3 and this level holds, a new bearish trend will likely emerge. In this scenario, the 93.9 level is likely to be targeted.

 

[VasilTodorov]

whatt I see is this! it is strongly bullish on long terms

Unique Bearish Setup Emerges for AUD/JPY This Quarter​

View attachment 18515

FenzoFx—AUD/JPY is bullish, currently testing the critical resistance and order block at 97.3. This level coincides with the VWAP and volume profile point of interest. Bears are interested in adding short positions at the 97.3 price level.

Since this level is highly important and has the potential to change the trend, it is necessary to form a double top at this price, which has not happened before.

From a technical perspective, if a double top pattern forms at 97.3 and this level holds, a new bearish trend will likely emerge. In this scenario, the 93.9 level is likely to be targeted.

 

[FxNews]

Ethereum Analysis​

FenzoFx—Ethereum is bullish, but the uptrend eased near monthly highs. Support is at $3,363.0. A break below this level may trigger a consolidation phase toward 50.0% of the previous range.

 

[FxNews]

View attachment 18517whatt I see is this! it is strongly bullish on long terms

The Commitment of Traders issued by CFTC shows the institutions are short on AUD and long on the Japanese yen. This is the primary reason why we seek for a short setup.

In our analysis, we have mixed the COT report with ICT and volume analysis, which gives us a 55.0%-win rate with a 1/2 risk-to-reward, and we leave a runner trade with a 1/4 risk-to-reward.

 

[FxNews]

XRP Retests Previous All-Time High as Bullish Setup Develops​

FenzoFx—XRP (Ripple) is tested and has stayed above $3.40, the previous all-time high. This level acts as support, backed by the VWAP from Thursday's low and the bullish FVG.

If this level holds, we expect the cryptocurrency to aim higher, targeting $3.60, followed by $3.66.

 

[FxNews]

NZD/USD: Market Structure Shifts in Favor of Bulls​

FenzoFx—NZD/USD broke above the 0.597 immediate resistance, signaling a market structure shift. We expect the uptick in momentum to resume toward the middle line of the bullish channel.

However, for a low-risk entry, waiting for the price to near the FVG at 0.595 is recommended.