J.J. Edwards’ Expert Market Analysis at FenzoFx

[FxNews]

Ethereum Tests Key Support at $4,535

FenzoFx—Ethereum’s downtrend eased after hitting the bullish breaker at $4,425.00. It currently trades near $4,540.00, down 1.00% today. Immediate support lies at $4,535.00. A close below this level could extend the decline toward the equal lows at $4,425.00 and possibly $4,240.00.

The bearish outlook remains unless Ethereum exceeds $4,700.00 and closes above the bearish fair value gap.

 

[FxNews]

GBP/JPY: Thin Price Action Above 200.10

FenzoFx—GBP/JPY started the week declining toward the bullish fair value gap, with support at 199.14. The overall trend remains bullish, suggesting price is consolidating or moving to a discount level.

Equal lows at 197.80 may attract price. On the 4-hour chart, the pair left a large fair value gap with a mean threshold at 200.10. Technically, GBP/JPY may aim to fill the bearish FVG, as price action remains thin above 200.10.

 

[FxNews]

Bitcoin: Volume Spike Signals Temporary Relief

FenzoFx—Bitcoin sold off early in the week, now trading near $112,670.00. A high-volume 4-hour candle tapped the bullish FVG and ended with a wick, suggesting partial profit-taking by bears.

The short-term trend remains bearish due to displacement below $115,132.00 and active bearish FVGs. BTC/USD may consolidate near resistance before resuming its downtrend. If price rises toward the low-volume node near $115,132.00 and holds bearish momentum, it could target the equal lows at $107,507.00.

The bearish outlook is invalidated if BTC/USD closes above the breaker block at $116,194.00.

 

[FxNews]

Litecoin: Liquidity Sweep Signals Consolidation

FenzoFx—Litecoin dipped to $103.0, its lowest in 40 trading days, and now trades near $106.5, recovering 0.70% today. Support remains at $103.00. Liquidity below this level has been swept, suggesting an inside candle formation. The sharp decline left a fair value gap with a mean threshold at $110.3.

Technically, Litecoin stays bearish below $112.0. However, the recent liquidity sweep points to a possible consolidation toward $110.3. Note: The bearish outlook is invalidated if LTC/USD exceeds $112.0.

 

[FxNews]

XRP Hits Fragile Support Again

FenzoFx—XRP dipped to $2.727 for the third time, weakening support. Bears failed to close below this level, marking yesterday’s move as profit-taking.

Due to the liquidity grab and profit booking below $2.727, we expect consolidation toward resistance at $2.943 and the breaker block mean threshold at $3.056.

The market remains bearish below these levels. Traders should monitor them for selling strategies. If resistance holds, XRP may resume its bearish trajectory, targeting the bullish fair value gap with support at $2.663.

 

[FxNews]

BCH: Cumulative Volume Delta Signals Potential Upside

FenzoFx—Bitcoin Cash (BCH) is consolidating within the bullish fair value gap, supported at $551.80 and trading at $560.00, up 0.48% today. Despite a new lower low, volume remains bullish, suggesting the current bearish momentum may be consolidation rather than a downtrend.

Immediate resistance is at $570.20. If price closes and stabilizes above this swing high, BCH/USD could form a bullish wave toward $594.00.

 

[FxNews]

Solana: Bearish FVG at $230.60 in Focus

FenzoFx—Solana trades bearish, down by 1.35% today. The 20-day lowest price rests at $200.00. We expect the price to resume its bearish trajectory toward this support level.

Ideal entry to join the bear market is the bearish fair value gap with resistance at $230.60. If the price respects the mean threshold of the FVG, the downtrend will likely be more aggressive. We suggest monitoring this gap for bearish setups.

 

[FxNews]

Dollar Index: Bullish Momentum Builds Above $12,545

FenzoFx—The dollar index rose from $12,545.0 after a liquidity sweep below July's low. The index is up by 0.33% today, while the bullish FVG at $12,601.0 hasn't been tested or filled. This indicates the bullish momentum is strong.

From a technical standpoint, we expect the price to fill the bearish FVG with resistance at $12,686.0. Furthermore, if the price closes above this level, the uptrend could extend to the equal highs at $12,740.0.

Please note that the bullish outlook should be invalidated if the price closes below $12,601.0.

 

[FxNews]

Gold: Volume Profile Signals Potential Reversa

FenzoFx—Gold rose from $3,729.50 today, testing the resistance at $3,751.30. Interestingly, the cumulative volume profile did not form a new higher high, indicating bearish divergence.

The immediate support is at $3,747.00. From a technical perspective, XAU/USD could dip if the price crosses and stabilizes below the support. Traders should monitor the short-term resistance and the cumulative volume delta closely for bearish setups.

 

[FxNews]

EUR/USD Eyes Liquidity Gap at $1.1788 Support

FenzoFx—Euro is trading bearish in the short term, currently lingering around the fair value gap with support at $1.1788. Looking at the 4-hour chart, we notice the price respected the bearish FVG with resistance at $1.1903, and the price failed to close above it and engulfed below it.

From a technical perspective, the sell-side liquidity has not been taken yet. That's the gap area with support at $1.1788. We expect the short-term bearish bias to resume by filling the gap. The cumulative volume profile also indicates the recent higher lows are valid, and there is no bullish divergence.

The bearish outlook should be invalidated if the price closes above $1.1903.

 

[FxNews]

GBP/JPY: Support at 199.80 Key to Downside

FenzoFx—GBP/JPY is consolidating in a mild uptrend, trading around 200.00 inside the bearish fair value gap. Immediate support rests at 199.80. If price closes below this level, the bearish trend may resume, targeting equal lows at 199.14 and potentially 198.67 if selling pressure continues.

The bearish outlook is invalidated if price closes above the bearish FVG resistance at 200.30.

 

[FxNews]

Bitcoin Eyes $114K Before Bearish Continuation

FenzoFx—Bitcoin remains bearish, though the downtrend eased near the equal lows at $107,268. The first daily bearish fair value gap has been inverted, but this does not signal a market structure shift. Price may rise toward higher resistance before resuming its decline.

Immediate support is at $110,370. Technically, BTC/USD could target the mean threshold of the bearish FVG near $114,000.0, offering a premium entry for short positions aiming below $107,268.

 

[FxNews]

Litecoin: Bearish Outlook Holds Below $114.00

FenzoFx—Litecoin dipped below $103.10 liquidity and rebounded, now trading around $105.9. The trend remains bearish, supported by lower lows and volume profile. Following the sweep, LTC/USD may consolidate toward resistance, targeting the daily FVG mean threshold near $110.5. If buying pressure continues, the gap could be filled up to $114.00.

The bearish outlook remains valid below $114.00, with potential downside targeting liquidity at the $88.00 area. A close above $114.00 would invalidate this view.

 

[FxNews]

Euro May Drop Toward $1.1656

FenzoFx—Euro traded higher today, up by 0.33%; however, the uptrend eased after the price reached the equal highs at $1.1807. However, the volume profile formed lower lows, meaning the current uptick in momentum could be fake.

The immediate support rests at $1.1761. From a technical perspective, a close below this level can trigger the downtrend. If this scenario unfolds, Euro could target the lows at $1.1656.

 

[FxNews]

Ethereum Pulls Back After Liquidity Tap​

FenzoFx—Ethereum tapped liquidity above the equal highs at $4,233.00 and now trades around $4,190.0, down 0.60% today. Despite the move, the volume profile didn’t form a new high, signaling bearish bias. Immediate support lies at $4,130.0. A close below this level may trigger further downside toward $4,034.0.

If selling pressure continues, ETH could decline to the recent lows at $3,825.0. The bearish outlook remains valid below $4,250.0, which must be breached and held to invalidate it.

 

[FxNews]

LTC/USD May Tap $110.5 Before Drop

FenzoFx—Litecoin is trading sideways. We expect LTC/USD to tick higher toward $110.5 before resuming its downtrend. If this scenario unfolds, the next bearish target is the $88.00 support area.

Please note, the bearish outlook remains valid unless price closes and stabilizes above the fair value gap near $114.00.

 

[FxNews]

EURUSD: Bearish Setup Builds Below $1.1778

FenzoFx—Euro began dipping after it tapped into the bearish fair value gap with resistance at $1.1778. Looking at the 4-hour charts, we notice equal lows with liquidity resting below $1.1712.

From a technical perspective, we expect the price to start a new bearish leg if the fair value gap with resistance at $1.1778 holds. Please note that the downtrend outlook should be invalidated if the price closes and stabilizes above this mark.

 

[FxNews]

NZDUSD: Downtrend May Extend Toward 0.5731 Support

FenzoFx—NZD/USD is bearish and displaced below the 0.5811 low, currently testing the bearish fair value gap with resistance at 0.5845.

Looking at the daily chart, we notice a fair value gap with support at 0.5731. From a technical perspective, we expect the downtrend to resume to this liquidity area. This is because the price is close to the fair value gap; therefore, there is a high probability for the bearish momentum to resume.

Once the fair value gap is filled, at least half of it, we expect a bullish setup with targets at equal highs, the 0.5997 high.

 

[FxNews]

Crude Oil: Bullish Momentum Builds Above $62.13

FenzoFx—Crude Oil tapped into the liquidity below the equal lows at $62.13. However, the cumulative volume profile did not form new lower lows. This means the market could be bullish, at least in the short term.

Therefore, we expect Oil to rise higher. The immediate resistance is at $62.74. From a technical perspective, the price could target the bearish FVG with resistance at $64.84 if bulls close and stabilize the price above $62.74.

 

[FxNews]

Gold: Bullish Volume Supports Upside Momentum

FenzoFx—Gold trades higher and broke above the $3,798.0 resistance this week. Looking at the volumes, we notice this breakout is legit because the cumulative profile also formed a new high.

Currently, the market is overbought. A dip toward $3,798.0 can profile a discount price to join the bull market, targeting $3,900.0. Traders should monitor this level closely for bullish setups.