J.J. Edwards’ Market Analysis at FenzoFx

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USD/CHF: Resistance Met, Downtrend Looms​

FenzoFx—USD/CHF rose to the 0.8914 CHF resistance as expected, due to the Stochastic Oscillator being in oversold territory. At the time of writing, the currency pair is trading slightly below this resistance, with the Stochastic signaling overbought. This suggests that the USD/CHF downtrend could potentially be triggered from this point.

Immediate support is at 0.880. A dip below this level could trigger the downtrend, targeting 0.8739. However, please note that the bearish outlook would be invalidated if USD/CHF breaks above the 0.8914 resistance.

 

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Ripple’s Turning Point: $2.208 in Focus​

FenzoFx—XRP faces resistance at $2.208, with the stochastic indicator nearing an overbought signal. The primary trend remains bearish below $2.213, which is likely to continue if the price dips below $2.10. In such a case, the next bearish target could be $1.90.

Conversely, if Ripple closes and stabilizes above the immediate resistance at $2.208, the bearish outlook would be invalidated. Should this scenario unfold, XRP/USD could aim for $2.40, followed by $2.544.