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J.J. Edwards’ Expert Market Analysis at FenzoFx


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NATGAS in the Verge of a Breakout

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FenzoFx—NATGAS has been forming higher highs and lower lows after testing the $3.990 support. As of this writing, Natural Gas trades at approximately $4.148, slightly above the critical resistance level.

From a technical perspective, the current bullish momentum could lead the prices to target $4.220 if they surpass the recent higher highs at the $4.145 mark. Please note that the uptrend requires confirmation, which is the price closing above the previous high on the 5-minute chart.

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$50 No Deposit Bonus Available for All Registrars

F
enzoFx—The $50.0 No-Deposit Bonus is now available for all customers worldwide without KYC. Feel free to visit our website, log in to the client portal, navigate to No Deposit Bonus, and apply for the program. Meanwhile, if you have any questions, please do not hesitate to contact us.

Additionally, prize winners will be eligible to become PAMM managers without the need to invest their own funds. They will have the opportunity to manage thousands of dollars and share in the profits.

Thank you for choosing FenzoFx.

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Bitcoin Targets $91,400 After Key Breakout

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FenzoFx—Bitcoin broke above the $85,100 resistance and is testing this area as support. The 50-SMA serves as the primary support for bullish BTC. 

If the price stays above it, the next target could be $91,400.

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EUR/USD: Bullish Continuation Hinges on $1.0826

EURUSD-2025-03-20-17-01-15.png

FenzoFx—EUR/USD is currently testing the $1.0826 support level, having recently broken through a previous resistance area. The higher time frame indicates that the primary trend remains bullish. If the pair stabilizes above $1.0826, the uptrend is likely to resume, with a target of $1.0861.

In the bullish scenario, immediate resistance rests at $1.083. A close above this level could trigger a new bullish wave. However, the bullish scenario will be invalidated if EUR/USD falls below $1.0814.

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EUR/JPY Formed a New Higher-Highs

EURJPY-2025-03-24-08-57-23-7dd36.png

FenzoFx—EURJPY formed new higher highs at 162.32, indicating the uptrend can potentially resume. However, we require confirmation that this is not a fake bullish break-out. Therefore, a close above the previous higher high at 162.3 can trigger the bulls, targeting 162.62. 

Conversely, a break below 162.0 could trigger a bearish move, pushing the pair toward 161.6. 

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March Lows Fuel NATGAS Bullish Push

FenzoFx—Natural Gas tested the $3.94 resistance after it bounced from March 3 lows. If NATGAS stabilizes above the resistance, the next bullish target could be $4.030. 

Conversely, a close below $3.895 will invalidate the bullish outlook, with the next target at $3.81.

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Bitcoin Tests $87,520 Resistance Amid Overbought Signals

BTCUSD-2025-03-24-13-17-52-e6cea.png

FenzoFx—Bitcoin is testing the $87,520.00 resistance in today's trading session while the Stochastic Oscillator hovers in overbought territory.

The primary trend should be considered bullish, as BTC is trading above the 50-period simple moving average. Therefore, if the bulls push the price above the immediate resistance, the uptrend could resume and target $94,860.00.

A break below the ascending trendline or the 50-SMA would invalidate the bullish outlook.

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EUR/JPY: Bullish Trend Faces Key Support Levels

EURJPY-2025-03-25-09-40-19-bfce5.png

FenzoFx—EUR/JPY broke above the 162.62 resistance yesterday, forming new higher highs. However, the bullish momentum eased, and the pair consolidated below the 162.62 mark, settling at approximately 162.51.

The key support for the bullish trend lies at 162.13, reinforced by the 50-period simple moving average. If this level holds, the EUR/JPY uptrend is likely to resume, targeting 163.5, followed by 164.18.

Please note that the bullish outlook would be invalidated if EUR/JPY falls below 162.13. In such a scenario, the bears could potentially test the 161.6 support level.

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Head and Shoulders Pattern Signals Next GBP/USD Moves

GBPUSD-2025-03-25-10-28-22-d16c5.png

FeznoFx—GBP/USD dipped from $1.2974 and formed a head and shoulders pattern on the 30-minute chart. The immediate support is at $1.2890, while the immediate resistance lies at $1.2930.

From a technical perspective, if the price falls below $1.2890, the current bearish momentum could extend to $1.2865, followed by $1.2800.

Conversely, if the bulls push and stabilize the price above $1.2930, the bearish outlook would be invalidated, and the price could target $1.2956.

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Gold Tests Key Resistance

XAUUSD-2025-03-25-16-29-36-f6607.png

FenzoFx—Gold struggles against the descending trendline. The next bullish target could be $3,058 if bulls close above and stabilize above the $3,033 resistance.

On the flip side, a close below $3,000 would form a new lower low, potentially pushing XAU/USD toward the $2,975 support.

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Silver Bullish Trend Resumed

XAGUSD-2025-03-26-09-54-54-38d23.png

FenzoFx—Silver surpassed the $33.60 resistance level and successfully retested it as support. The next bullish target is likely $34.24 if XAGUSD remains above the 50-period simple moving average or the $33.31 support level.

Please note that the primary trend remains bullish as long as the price stays above $32.75.

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Bitcoin Bullish Momentum on Pause

BTCUSD-2025-03-26-12-21-45-2df7b.png

FenzoFx—Bitcoin trades bullishly above the ascending trendline, but the price failed to form new higher highs. The immediate resistance is at $88,650. From a technical perspective, the uptrend is likely to resume if bulls cross above this level.

Conversely, a close below the immediate support at $86,340 could result in the BTC price forming a new bearish wave, targeting $84,720.

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Natural Gas: Consolidation Ahead?

NATGAS-2025-03-26-18-43-04-d80af.png

FenzoFx—NATGAS made a clear bearish breakout below $3.81 and is now consolidating around this key support level. Meanwhile, the Stochastic Oscillator remains in the oversold territory, suggesting a potential consolidation phase may be approaching.

As a result, we anticipate Natural Gas prices will rise to test the $4.0 resistance before the downtrend resumes. Traders are advised to closely monitor this level for bearish signals, such as candlestick patterns.

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Bitcoin’s Bullish Bounce: Key Levels to Watch

BTCUSD-2025-03-27-09-48-13-46901.png

FenzoFx—Bitcoin formed new lower lows while clinging to the ascending trendline. However, the price couldn't stabilize below it and consequently bounced back, trading at approximately $87,440 as of this writing.

The trend should be considered bullish as the price is above the 50-SMA, with immediate resistance at $88,650. From a technical perspective, the next bullish target could be $92,860 if bulls manage to push the price above the immediate resistance.

Please note that the primary support rests at $84,720. The bullish outlook will be invalidated if BTCUSD falls below this level. If this scenario unfolds, BTC could drop further toward $81,160.

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Litecoin Consolidates Below Key Resistance

LTCUSD-2025-03-27-11-39-38-15ce9.png

FenzoFx—Litecoin is consolidating slightly above the 50-period simple moving average. The immediate resistance stands at $99.0. From a technical perspective, the primary trend remains bearish below this level. In this scenario, LTC could potentially retest the previous lower lows at approximately $84.0.

Conversely, a close above $99.0 could trigger an uptrend, targeting $108.0, followed by $113.0.

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Bearish XRP Lacks Momentum: What's Next?

XRPUSD-2025-03-27-13-57-13-34298.png

FenzoFx—XRP created new lower lows below the $2.355 key resistance. Despite the recent bearish breakout, Ripple is suffering from a lack of momentum.

That said, the market outlook remains bearish as long as the price stays below the key resistance level of $2.480. In this scenario, XRP/USD could potentially fall toward the next support area at $2.218.

Conversely, the bearish outlook will be invalidated if XRP creates new higher highs above the $2.480 mark.

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Solana’s Double Bottom: Key Levels to Watch

SOLUSD-2025-03-27-17-02-47-e2089.png

FenzoFx—Solana has formed a double-bottom pattern with a key support level at $135.9. From a technical perspective, a bullish push above the immediate resistance at $140.0 could potentially drive prices toward the next resistance zone at approximately $145.5.

Conversely, a break below $135.9 could trigger a downtrend, targeting $130.0.

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