FenzoFx—GBPJPY recently hit a higher high after breaking past 195.0 resistance but has pulled back to 194.7, approaching the 50-period SMA on the 2-hour chart.
The outlook remains bullish as long as the price holds above 193.5, with potential gains toward 200.0 resistance. However, a bearish wave could emerge if GBPJPY drops below the ascending trendline and 193.5 support, targeting 192.0.
FenzoFx—NATGAS broke above the descending trendline and surpassed $4.0. Strong buying pressure pushed the Stochastic Oscillator into overbought territory, indicating Natural Gas is overpriced in the short term. The market may consolidate near the $4.0 support level.
Currently, NATGAS trades around $4.135, holding above the 50-SMA. The price action suggests a bullish trend, with the next target at the $4.26 resistance.
FenzoFx—AUD/USD broke below the critical support at $0.626, heading toward the 78.6% Fibonacci level. The bearish trend remains intact while the price stays below the $0.6329 resistance.
FenzoFx—NZDUSD dropped below the $0.5678 support level and is now trading around $0.5670. Selling pressure has pushed the Stochastic Oscillator into oversold territory, recording 8.0.
The next bearish target is $0.5640, provided NZDUSD stays below the $0.5755 resistance.
FenzoFx—Bitcoin rebounded from the $81,160 support level and surged past $83,520, forming higher highs. If the price stays above this key support, the bullish momentum could continue.
The next upside targets are $84,720 and $86,340. However, if Bitcoin drops below $81,160, the trend may reverse, potentially falling to $77,850.
FenzoFx—Ethereum's downtrend stabilized at $1,755, a key support level. Currently, ETH/USD trades at $1,854, testing resistance.
A double bottom pattern on the 4-hour chart suggests potential growth if bulls secure a close above $1,860. The next target could be $1,950, supported by the 50-period moving average.
FenzoFx— The USD/CAD pair hit 1.4400 but lost momentum, pulling back from resistance. Technically, USD/CAD may dip toward the 50-period SMA near 1.4330 before resuming its uptrend.
However, if USD/CAD drops below 1.4330, the bearish momentum may extend to the 1.4250 support, invalidating the bullish outlook.
Litecoin Tests Key Support: Reversal or Further Drop?
Litecoin is currently testing a key support zone between $80.0 and $83.0, which previously marked its February low. The overall trend remains bearish, but this support level could trigger a price rebound, potentially shifting momentum in favor of buyers.
If Litecoin holds above $80.0, there is a possibility of a recovery toward $100.0.
However, if sellers manage to break below this critical level, the downward trend may continue, with the next target set at $75.0.
FenzoFx—Ripple (XRP) has climbed from $2.026 and is currently testing resistance at $2.218. Despite this upward movement, the overall trend remains bearish as the price stays below the 50-period simple moving average on the 4-hour chart.
The nearest support level is $2.026. If XRP/USD drops below this point, the downtrend may strengthen, potentially driving the price toward $1.90 and then $1.80.
For the bearish trend to reverse, XRP needs to break above the immediate resistance at $2.218. If that happens, the next target could be $2.355.
FenzoFx—USDJPY tested 150.25, a trading range below this level and the 50-period simple moving average. A close above 150.25 can trigger the uptrend, targeting 151.2.
Conversely, a dip below 148.2 invalidates the bullish outlook, with 148.2 as the first target and 147.43 as the secondary target.
FenzoFx—The AUD/USD pair moved upward after struggling to stay below the 78.6% Fibonacci retracement level. Currently, the price is around $0.6300, sitting above the 50-period moving average.
If AUD/USD holds above the key support at 0.626, it may climb toward the next resistance at $0.6329.
However, if the price falls below 0.626, a bearish trend could follow, potentially pushing the pair down to 0.6187.
FenzoFx—The GBP/USD pair is trading near $1.294, staying close to the 50-period simple moving average as the market remains indecisive. Since March 7, price action has been confined to a narrow range.
Bullish Outlook: A push above $1.3010 could trigger further gains, with $1.3100 as the next resistance.
Bearish Scenario: A drop below $1.2865 would weaken the bullish bias, potentially leading to a decline toward $1.2800.
FenzoFx—Solana trades sideways. A break below 122.7 can trigger a downtrend, targeting $112.3. However, the bearish outlook should be invalidated if Solana closes and stabilizes above 130.4.
FenzoFx—Crude oil dropped from $72.20 and is now testing the $68.8 support. The decline was expected as the Stochastic oscillator signaled overbought conditions.
If $68.8 breaks, the downtrend could extend to $67.6. However, a higher low above $70.15 would invalidate the bearish outlook, potentially pushing prices back to $72.20.
FenzoFx—BTC/USD trend outlook is bearish below $88,650. A break below the immediate support of $81,160 can trigger a new bearish wave, targeting the next support area at $77,850.
FenzoFx—XRP (Ripple) trades at approximately $2.089 and made a new lower low in yesterday's trading session. The primary trend is bearish, as the price is below the 50-period simple moving average.
If the price holds below the immediate resistance at $2.218, the next bearish target could be testing the $1.80 support area.
Conversely, the bearish outlook should be invalidated if XRP/USD exceeds $2.218 and forms a new higher high.
FenzoFx—USD/CAD rose from 1.4025. The market outlook remains bullish if the price holds above 1.4150. In this scenario, the next bullish target will likely be the 1.4414 resistance.
A dip below 1.415 invalidates the bullish outlook with a bearish target at 1.4025.
FenzoFx—Gold tested the ascending trendline and formed a long-wick bullish candlestick pattern. If XAU/USD holds above $3,000, the uptrend will likely resume.
FenzoFx—Bitcoin trades bearishly below the critical resistance level of $81,160. If the price remains below this level, the downtrend will likely resume, targeting $74,000.
