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J.J. Edwards’ Expert Market Analysis at FenzoFx


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SOL/USD Downtrend Escelated

SOLUSD-2025-03-28-09-40-30-d4754.png

FenzoFx—Solana broke the $135.0 support as expected. The double top pattern in the 30-minute chart signaled this possibility. As of this writing, SOL/USD is bouncing to test the broken support.

The market outlook remains bearish as long as it trades below $140.0, and the next target could be $130.0.

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NZDUSD Formed a Double Bottom Pattern: What's Next?

NZDUSD-2025-03-28-11-03-23-d88fc.png

FenzoFx—The NZD/USD pair formed a double bottom pattern at the $0.5710 support. The trend remains bearish, with the price below the 50-period SMA. The downtrend will stay intact unless the pair breaks above the $0.575 resistance. 

For bears to regain control, the price must close below $0.5710, targeting the next support at $0.5678.

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Bullish NATGAS Targets $4.26

NATGAS-2025-03-31-10-17-08-e4db5.png

FenzoFx—NATGAS broke above the descending trendline and surpassed $4.0. Strong buying pressure pushed the Stochastic Oscillator into overbought territory, indicating Natural Gas is overpriced in the short term. The market may consolidate near the $4.0 support level.

Currently, NATGAS trades around $4.135, holding above the 50-SMA. The price action suggests a bullish trend, with the next target at the $4.26 resistance.

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NZDUSD Falls Amid Oversold Signals

NZDUSD-2025-03-31-16-36-12-6d547.png

FenzoFx—NZDUSD dropped below the $0.5678 support level and is now trading around $0.5670. Selling pressure has pushed the Stochastic Oscillator into oversold territory, recording 8.0.

The next bearish target is $0.5640, provided NZDUSD stays below the $0.5755 resistance.

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Bitcoin Eyes $84,720 After Key Support Rebound

BTCUSD-2025-03-31-19-10-32-7e3ba.png

FenzoFx—Bitcoin rebounded from the $81,160 support level and surged past $83,520, forming higher highs. If the price stays above this key support, the bullish momentum could continue.

The next upside targets are $84,720 and $86,340. However, if Bitcoin drops below $81,160, the trend may reverse, potentially falling to $77,850.

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Ethereum Price Rebounds: Key Levels to Watch

ETHUSD-2025-04-01-10-53-20-4a908.png

FenzoFx—Ethereum's downtrend stabilized at $1,755, a key support level. Currently, ETH/USD trades at $1,854, testing resistance. 

A double bottom pattern on the 4-hour chart suggests potential growth if bulls secure a close above $1,860. The next target could be $1,950, supported by the 50-period moving average.

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USD/CAD Pulls Back After Hitting 1.4400

USDCAD-2025-04-01-13-00-36-70dca.png

FenzoFx— The USD/CAD pair hit 1.4400 but lost momentum, pulling back from resistance. Technically, USD/CAD may dip toward the 50-period SMA near 1.4330 before resuming its uptrend. 

However, if USD/CAD drops below 1.4330, the bearish momentum may extend to the 1.4250 support, invalidating the bullish outlook.

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Litecoin Tests Key Support: Reversal or Further Drop?

LTCUSD-2025-04-01-15-46-58-462be.png

FenzoFx—Litecoin is currently testing a key support zone between $80.0 and $83.0, which previously marked its February low. The overall trend remains bearish, but this support level could trigger a price rebound, potentially shifting momentum in favor of buyers.

If Litecoin holds above $80.0, there is a possibility of a recovery toward $100.0. 

However, if sellers manage to break below this critical level, the downward trend may continue, with the next target set at $75.0.

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XRP tests Key Resistance Level 

XRPUSD-2025-04-01-19-30-04-9031d.png

FenzoFx—Ripple (XRP) has climbed from $2.026 and is currently testing resistance at $2.218. Despite this upward movement, the overall trend remains bearish as the price stays below the 50-period simple moving average on the 4-hour chart.

The nearest support level is $2.026. If XRP/USD drops below this point, the downtrend may strengthen, potentially driving the price toward $1.90 and then $1.80.


Bullish Outlook

For the bearish trend to reverse, XRP needs to break above the immediate resistance at $2.218. If that happens, the next target could be $2.355.

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