J.J. Edwards’ Market Analysis at FenzoFx

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GBP/JPY Faces Critical Supply Zone Near 199.8 Monthly High​

FenzoFx—GBP/JPY hit the monthly high resistance at 199.8, a level backed by a bearish fair value gap from July 2024. The pair now trades near 199.2, just below this zone.

With supply levels extending to 201.9, a decline toward the weekly support at 195.3 is expected if selling pressure builds.

 

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Apple May Dip to $203 FVG Before Resuming Uptrend​

FenzoFx—AAPL (Apple) is bullish, testing $210.0 resistance while Stochastic warns overbought market. A dip to the bullish FVG at $203.0 is likely before the uptrend resumes.

 

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Bullish Setup Emerges as AMD Tests $133.25​

FenzoFx—AMD is testing the support at $133.25. A new bullish wave toward $139.7 is likely if this level holds. The bullish scenario should be invalidated if AMD closes and stabilizes below $133.2.

 

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GOOGL Dips: Buy Opportunity Looms at $173.5​

FenzoFx—#GOOGL broke below the previous day's low at $175.68, aiming toward the $173.53 support. This zone is backed by the anchored VWAP, which can provide a discount price to join the bull market.

 

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Gold Eyes Recovery From $3,269 Support Zone​

FenzoFx—Gold dropped 0.65% to trade around $3,290.0, resuming its bearish bias. Immediate support rests at $3,269.1, backed by anchored VWAP. The bullish view holds above this level, aiming for $3,348.9.

A close below $3,259.1 would expose the $3,150.8 support.

 

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Ethereum Bullish Bias Pauses After Reaching Weekly High​

FenzoFx—Ethereum rose from $2,539.5, backed by VWAP and volume profile, but momentum eased after hitting the $2,651.0 weekly high. Stochastic signals overbought conditions at 87.0, hinting at possible consolidation or downside pressure.

• Bullish scenario: The bullish trend remains intact above $2,500, with upside potential toward the bearish FVG at $2,741.0.
• Bearish scenario: A close below $2,500 would shift focus to the $2,383 support zone.

 

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XRP Pushes Toward Breakout as Momentum Builds​

FenzoFx—XRP is bullish, attempting a breakout above the $2.34 resistance. Stochastic at 70.0 and RSI at 63.0 signal strong momentum with room for further upside.

A close above $2.34 could push XRP/USD toward the next target at $2.48. However, the bullish bias remains valid only above the $2.16 support—dropping below this level could reverse the trend.

 

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AMZN (Amazon) Builds Bullish Setup​

FenzoFx—Amazon (#AMZN) is pulling back from the $217.9 support, a key demand level backed by VWAP and high-volume activity.

If this area holds, the uptrend is likely to resume with a potential move toward the $225.1 resistance. Stability above $217.9 remains crucial for bullish momentum to build.

 

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Litecoin Faces Resistance at $92.32 Amid Overbought Signals​

FenzoFx—Litecoin is overbought as price nears resistance at $92.32. Stochastic reads 91.0, suggesting an overbought market. If LTC stays below $92.32, a bearish wave may emerge, targeting $88.47 support.

However, a close above $92.32 could trigger a bullish move toward the $100.0 mark, reinforcing the upward trend.

 

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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.

 

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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.

 

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Tesla Analysis​

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

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.