J.J. Edwards’ Expert Market Analysis at FenzoFx

[FxNews]

Euro/USD Rebounds Above 1.1708 After Liquidity Sweep

FenzoFx—Yesterday Euro/USD took out the sell-side liquidity below 1.1708. This low is the last three days' low. After the sweep, the price bounced above 1.1708 with a bullish engulfing candlestick, meaning bullish strengthening.

The immediate support is at 1.1700. From a technical perspective, we expect the price to attack the buy-side liquidity at 1.1779. Please note that the bullish outlook should be invalidated if the price dips below 1.1700.

 

[FxNews]

NZD/USD Downtrend Can Resume Below this Support

FenzoFx—NZD/USD started the week with a big gap. However, the gap has been filled during the Asian session. The price also tapped into 0.5838, the Friday high, and swept the buy-side liquidity above this level. The currency pair is making new higher highs and higher lows; however, the volume is decreasing. This means the current bullish momentum could be a correction.

Immediate support is at 0.5823. From a technical perspective, the downtrend could resume if the price closes and stabilizes below this level. In this scenario, the equal lows are at 0.5756. Trade safe—the key is patience.

 

[FxNews]

Bitcoin Hits $124K—Volume Lags Behind

FenzoFx—Bitcoin reached a new all-time high at $124,533.0. While price broke higher, volume lags behind on the cumulative profile. The trend remains bullish, but a pullback is likely.

Retail traders should wait for BTC to dip into the liquidity void (fair value gap) around $116,000.0, offering a discounted entry into the bull market. If BTC/USD closes and stabilizes below this gap, deeper consolidation may follow toward the next support at $111,582.0.

 

[FxNews]

BCH: Weak Volume Signals Pullback Risk

FenzoFx—Bitcoin Cash is trending upward after tapping $606.80 buy-side liquidity in early October. Despite higher highs, the cumulative volume profile shows lower lows, signaling weak buying interest.

The first manipulation occurred after exiting the accumulation zone (purple box), but price held above its mean threshold. A dip below $580.10 is expected to sweep liquidity. If BCH rebounds with a bullish engulfing pattern, the next target is $650.90.

However, if price closes and stabilizes below $580.10, the bullish outlook is invalidated, and BCH may drop toward equal lows at $533.40.

 

[VasilTodorov]

View attachment 18766BCH is still very loyal to its bullish channel!

not anymore this channel is valid! I am selling this!

 

[FxNews]

Gold Eyes $4,000: 3 Key Buy Levels

FenzoFx—Gold is in a strong bull market. Today, the commodity began the Asian session with a minor correction, down by 0.25%. Currently, XAU is testing the bullish fair value gap.

There exist two levels to join the bull market and target $3,977.0. The first level is $3,950.0, current price, and the second level, which is more recommended, rests near the previous day's low at $3,922.0. This level is backed by the hourly bullish fair value gap.

Please note that if the price closes and stabilizes below $3,922.0, XAU/USD could retest the broken resistance at $3,897.0. It is advisable to enter the bull market with small-size trades at these levels, targeting $4,000.0.

 

[FxNews]

GBP/JPY Rally Leaves Gap Behind

FenzoFx—GBP/JPY broke above 201.27 resistance. This week’s rally left a large opening gap between 198.87 and 200.83. On Monday, only 25% of the gap was filled before price surged 1.30%.

Technically, the pair is overbought. A dip toward the gap zone, especially near 198.87 support, may offer a discounted entry. However, if the pair closes below 197.48, the bullish outlook is invalidated, and price may drop toward the equal lows at 193.40.

 

[FxNews]

Nasdaq Nears ATH as Volume Diverges

FenzoFx—Nasdaq is up by 0.20% today. The majority of the gains were in the London session. As we approach the NY session, the price is getting closer to the $25,080.0 all-time high.

However, the cumulative volume profile signals caution. The indicator is making lower lows, while the price is in an uptrend. Therefore, we expect the price to dip in today's NY morning session.

In this scenario, we expect the price to close the opening gap, which rests at $25,000.0. The next support in focus is the October 2 and October 3 close price, $24,924.0. Please note that these levels can provide a discount price to plan long strategies.

 

[FxNews]

XRP Faces Bearish Gap Pressure

FenzoFx—Ripple (XRP) lost its bullish bias after dipping below $2.940 support, triggering a bearish fair value gap on the 4-hour chart. Selling pressure eased near $2.796 liquidity void, where volume dropped sharply—signaling reduced momentum and potential consolidation.

Technically, XRP/USD may consolidate toward $2.9570, the mean threshold of the bearish gap. If price holds below this level, a new downtrend could emerge, targeting the equal lows at $2.690. Please note that the bearish outlook remains valid unless XRP forms a new higher high.

 

[FxNews]

LTC: Sell Volume Is Being Absorbed, Bullish Run in Focus

FenzoFx—LTC sits in the upper quadrant of the bullish fair value gap, aligned with anchored VWAP. Selling volume is rising, but price remains stable—suggesting absorption by large buyers.

Litecoin is currently at a premium, making it less ideal for new entries. We recommend monitoring the $109.3 support zone, backed by a low volume node, for a better entry. If this level holds, LTC may rally toward $128.60 and $134.10. A break below $109.3 would invalidate the bullish outlook.

 

[FxNews]

Wait Zones for Euro After Accelerated Downtrend

FenzoFx—Euro's downtrend escalated after Germany's exports data fell by 0.50%. Currently, the equal lows at $1.1574 are in focus. This level will likely be targeted by bears.

From a technical perspective, we expect EUR/USD to consolidate after tapping into the liquidity below $1.1574. In this scenario, the market will likely rise toward $1.1704 or a higher resistance level. In the longer term, we expect the downtrend to resume toward the bullish fair value gap with support at $1.1438.

Please be aware not to grab a falling knife, because the current price does not offer a premium entry to join the bear market. We advise waiting for the Euro to consolidate after profit-taking at or below the equal lows.

 

[FxNews]

BCH Bulls on Thin Ice: Watch $580 Closely

FenzoFx—Bitcoin Cash dropped from $615.90 and now trades near $575.0, testing the bullish fair value gap as support. The 4-hour chart shows price respecting the bearish FVG mean threshold, while cumulative volume delta declines—signaling bearish pressure.

Immediate resistance is at $592.20. If selling continues, BCH may fill the bullish FVG down to $580.0. A break below $580.40 could open the path toward equal lows at $533.40. The bearish outlook remains valid unless BCH closes above $592.20.

 

[FxNews]

Bitcoin Leaps for a New Bullish Run Above this Resistance

FenzoFx—Bitcoin remains bullish. Yesterday, price dipped below Tuesday’s low, but failed to close beneath it. This support zone is backed by a bullish fair value gap and anchored VWAP from September 28.

Immediate resistance stands at $122,335.0. If bulls close above this level, BTC/USD could target $124,254.0, followed by all-time-high. However, the bullish outlook is invalidated if BTC/USD closes below recent lower lows.

 

[VasilTodorov]

View attachment 19093not anymore this channel is valid! I am selling this!

Told you so! It was the very last bullish move!