J.J. Edwards’ Market Analysis at FenzoFx

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Bitcoin Eyes $110K Target Above Key Support Level​

FenzoFx—Bitcoin trades slightly below last week’s high near $107,660.0, while RSI 14 shows bearish divergence without a clear downward move.

Immediate support is at $107,230.0, and resistance at $108,550.0. If BTC closes above resistance, a rally toward $110,651.0 may follow. The bullish outlook remains valid as long as the price stays above $104,681.0.

 

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AAPLE Analysis​

FenzoFx—AAPL is trading sideways, consolidating above $200.0. Resistance stands at $203.0, and if breached, Apple could rally toward $206.0.

 

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GBP/CAD Turns Lower After Breaking 1.8709 Support​

FenzoFx—GBP/CAD broke below the 1.8709 support, and as of this writing, it is testing this level as resistance.

From a technical perspective, a new bearish wave could be on the horizon if the price holds below the previous day's high. In this scenario, the next bearish target could be the 1.8592 low.

 

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Ripple Consolidates with Bullish Bias Intact​

FenzoFx—XRP's uptrend was rejected at the previous week’s high of $2.34 and is currently testing support at $2.22. As long as it holds above $2.16 or the 50-SMA, the bullish trend remains valid, with $2.34 likely to be retested.

On the flip side, a close below $2.16 could trigger a decline toward $2.07.

 

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Bullish Setup Forms as Institutions Accumulate Crude​

FenzoFx—Crude Oil is consolidating above support at $65.18, with momentum indicators turning bullish. The Stochastic is rising from 27, and RSI is approaching the 50.0 mark. Institutional buying reported in the latest COT data reinforces the bullish bias.

A move above $67.55 could pave the road to $69.45, while the bullish outlook stays intact as long as the price remains above $61.80.

 

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Solana Technical Analysis​

FenzoFx—Solana's decline from 163.9 eased near the $148.4 support. However, this demand zone expands to $140.0, which is backed by the high volume node.

From a technical perspective, the outlook is bullish as long as Solana trades above $140.0. In this scenario, we expect the price to target at least 50.0% of its previous range, which is approximately $155.38.

 

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Bitcoin Cash Slides as Bearish Signals Strengthen​

FenzoFx—Bitcoin Cash fell below last week’s low and now trades around $506.8. Technical indicators show bearish signals, with RSI diverging and the Stochastic trending lower.

BCH/USD may retest support at $487.3; if broken, it could slide to $469.8. The bearish outlook is invalidated if price closes above $528.2.

 

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ETH Momentum Builds Above Key Support​

FenzoFx—Ethereum bounced from the $2,397.0 support and swept liquidity below the level, backed by a bullish FVG on the 4-hour chart. ETH is currently testing resistance at $2,500.0, and a breakout could lead to a retest of $2,539.0.

The bullish setup remains valid above $2,397.0; below that, $2,317.0 becomes the next support.

 

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Euro Futures Test Support at $1.1821 After Pullback​

FenzoFx—Euro futures dipped from 1.189, currently testing the previous day's high at $1.1821 as support.

From a technical perspective, a new bullish wave could be on the horizon if the support holds. Otherwise, a break below this level can result in the price dipping toward the previous week's high at approximately 1.1705.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.