J.J. Edwards’ Expert Market Analysis at FenzoFx

[FenzoFx]

Bitcoin Cash Nears $485—Will BCH Hold Its Gains?  

FenzoFx—Bitcoin Cash remains bullish, nearing the previous monthly high at $485.0, though overbought conditions signal possible consolidation.  

BCH/USD may stabilize around $431.0 before resuming its uptrend toward $485.0. A break above this level could pave the way for $568.0. The bullish outlook holds as long as BCH stays above $349.0. 

[FenzoFx]

Crude Oil Tests $74

FenzoFx—Crude Oil climbed to $74.0, testing the bearish Fair Value Gap and a high-volume zone.  

The Stochastic Oscillator signals an overbought market, suggesting possible consolidation. Oil could dip toward the previous daily low if $74.0 holds as resistance during the NY session.  

A breakout above $74.0 would invalidate the short-term bearish outlook.  

[FenzoFx]

LTC/USD Consolidates—Key Levels to Watch 

FenzoFx—Litecoin consolidates near $85.0, with key support at $81.0, aligning with last week's low.  If support holds, LTC/USD could target $90.4. A drop below $81.0 invalidates the bullish outlook.  

[FenzoFx]

Bitcoin Bounced from a High-Volume Area at the 103,363 Support

FenzoFx—Bitcoin dipped to $105,175, creating a bearish fair value gap that highlights selling pressure. Immediate support is at $103,463, backed by high volume, while resistance stands at $107,792. If support holds, BTC/USD could rise toward $112,000.  

A drop below $102,185 may accelerate the downtrend toward $93,363, the previous monthly low.  

[FenzoFx]

USD/CAD Analysis 

FenzoFx—USD/CAD surged to 1.3686, a resistance zone backed by a bearish Fair Value Gap. Stochastic shows 81.0, signaling short-term overpricing. The market remains bearish below 1.3729, with fundamentals pointing to a stronger CAD.  

A decline toward 1.362 is likely if USD/CAD stays below 1.3729.