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PremiumFenzoFx—Crude Oil remains bearish, taking out bulls and breaking July's low this week—an unexpected move for the month. WTI Crude currently trades near $65.2, aligning with its prior market structure shift from bearish to bullish, marked by a bullish engulfing on June 6. Forecast : Immediate resistance stands at July's low of $65.5. If price breaks above, Oil...
FenzoFx—Solana targeted the primary descending trendline after it broke the structure by closing above $164.5. While LTC, which is a cryptocurrency like Solana with a price range between $100.0 and $200.0, reached its previous monthly highs, Solana still lags behind. Currently, SOL is testing the average volume weight at approximately $173.0, in conjunction with...
FenzoFx—Litecoin's uptrend stalled near March’s peak at $130.3, a strong resistance level. The price now trades at $120.7, below July’s high, breaking the bullish structure. Immediate support lies at $115.6. A bearish close below this level could trigger further downside toward $108.4. This zone is backed by a volume point of interest, offering a potential...
FenzoFx—Solan trades sideways, slightly above the previous day's high. Sol's price did not rise while other cryptocurrencies, such as LTC, had a significant surge in price this week. Therefore, we expect the price to rise, and we will be bullish on this cryptocurrency. The immediate resistance is at $167.5. From a technical perspective, we expect a bullish move...
FenzoFx—Ethereum rebounded from the previous day's low, now trading near $3,639.0. This level contains an order block that triggered bearish reactions earlier this week. The trend remains bullish as price holds above the VWAP from July 1st. A close above $3,724.0 is needed to confirm continuation. If bullish momentum holds, ETH may target $3,818.0 and $3,941.0....
FenzoFx—XRP/USD currently trades around $3.045 in a low-momentum market. Stochastic exited the overbought zone and is declining, signaling strengthening bearish momentum. The failed structure break in the New Session suggests a liquidity sweep with weak bullish interest. Immediate resistance stands at $3.091. Technically, price is expected to decline toward the...
FenzoFx—EUR/USD consolidates after the impulsive bullish momentum. The uptrend initiated after the price swept below the monthly lows at $1.1400. In the current trading session, the price dipped below the previous day's low, meaning the consolidation period will likely extend to a lower support level. The immediate resistance is at the previous day's high, the...
FenzoFx—Bitcoin’s downtrend eased near the bullish order block but hasn’t entered the zone. It’s currently consolidating around $114,360.0, below the July 14 VWAP. No clear break of structure has occurred, making long positions risky. Key support lies at $110,650.0, backed by high volume. Technically, price is expected to enter this zone. If it does, traders...
FenzoFx—Gold turned bullish after testing the order block at $3,267.0. Stochastic is overbought, suggesting possible consolidation. The bullish candle on August 1st created a fair value gap and broke structure, but no discount entry has formed yet. Immediate support lies at $3,324, backed by weekly VWAP, FVG, and volume point of interest. Traders should wait for...
FenzoFx—USD/CHF started a new bearish wave after it reached the order block at approximately 0.817. Today, the pair is filling the bearish fair value gap by approaching the immediate resistance at 0.8113. From a technical perspective, if this level holds, USD/CHF will likely resume its bearish trajectory. In this scenario, the price has the potential to target...
FenzoFx—Litecoin swept liquidity below $107.0 during today’s session and is currently trading near $110.0, supported by a descending trendline. Technically, key support stands at $104.3. As long as this level holds, the bullish outlook is preserved. A break above the descending trendline could propel LTC toward the previous highs at $116.4 and potentially $122.3.
FenzoFx—Bitcoin Cash remains bullish, trading back above the VWAP from July 24 near $582.9. Today’s breakout above $572.6 featured a strong bullish engulfing pattern, leaving a fair value gap now under test. The outlook favors revisiting the $607.0 high, and with the trend still positive, it’s advisable to leave a runner open. A further rally toward $630.0...
FenzoFx—Crude Oil maintained its bullish trend with an ideal dip for entry on July 25. Stochastic and RSI 14 indicate overbought conditions, suggesting intensified buying pressure. A breakout seen yesterday reinforces the bullish bias. Our projection remains optimistic, targeting a move toward the Fair Value Gap zone, extending to $73.8. However, if Oil closes...
FenzoFx—Tesla (#TSLA) bounced from the ascending trendline and closed yesterday's session at the volume point of interest, the $322.3 mark. This level is above the monthly VWAP, meaning bulls are gaining, and bears are losing money. That said, we expect the uptick in momentum to resume, targeting $338.9, and if this level is breached, the stock will likely aim to...
FenzoFx—Nasdaq dipped yesterday and formed a bearish FVG. However, the selling pressure eased as soon as the price tested the ascending trendline. The last day's low at $23,305.0 is the immediate support. That said, a close above the immediate resistance at $23,375.0 can trigger the uptrend, targeting the highs at $23,535.0.
FenzoFx—Gold remains above the ascending trendline, trading around $3,386.0. Technical indicators like RSI 14 and Stochastic show rising momentum, reinforcing the bullish bias. Immediate support lies at $3,347.0. If this holds, XAU/USD may climb toward the monthly VWAP at $3,412.0. The bullish outlook is invalidated if Gold closes below $3,347.0, which opens the...
FenzoFx—WTI Crude Oil broke resistance at $68.9 in the last session, now trading near $70.6. This breakout supports a bullish shift. Yet, RSI 14 and Stochastic indicate overbought conditions, suggesting possible consolidation. Support at $68.9 could offer a discounted entry if prices retreat. Watch for bullish signs like candlestick formations and inverted FVG...
FenzoFx—EUR/USD bearish momentum extended to $1.154, the lower line of the flag. This is a support area backed by the Bullish FVG. The immediate resistance is at $1.157. From a technical perspective, a close above this level can trigger an uptrend, targeting the bearish FVG at approximately $1.170 to $1.175. Please note that the bullish outlook should be...