fxinvestmk

fxinvestmk Sep 5, 2024

Price broke parallel channel and is climbing up. If current local resistance at 1.3187 will be broken, the next interesting level is at 1.3230. It is fullfilment of harmonic Butterfly pattern and also resistance level that stopped the price few times in the past. So possible short-term reaction there. Trade carefully! Tomorrow is NFP.

fxinvestmk Sep 3, 2024

Price broke down from parallel channel and now restest it. Price stopped at resistance level so it is possible to move down in the direction of 0.8480 and then 0.8440.

fxinvestmk Sep 3, 2024

The angle of the last decline decreased noticeably. This may be a early sign of an attempt of upward move. The key moment will be breakout the current descending channel. The target would be resistance at 1.1100.

fxinvestmk Mar 13, 2024

Price broke downe the wedge pattern and retested it. So possible move down towards the nearest support 1.3430. Trade carefully!

fxinvestmk Jan 3, 2024

Price clearly broke trendline. Now it is climbing up to retest it. After rejection of the nearest resistance possible some move down towards 1.2600. Trade carefully!

fxinvestmk Dec 28, 2023

Price broke down the trendline and retested it. Price also retraced last bearish impulse in 50%. So after small pullback up, further decline possible. Trade carefully!

fxinvestmk Dec 7, 2023

Price reached 50% Fibo of the last impulse. It formed wedge pattern. Brekout up from wedge should move price towards the nearest resistance level. Trade carefully!

fxinvestmk Dec 4, 2023

Price reacted on long term trendline. In the mid term it formed wedge pattern so possible some move up. Invalidation of this scenario after breaking down the trendline. Trade carefully!

fxinvestmk Nov 29, 2023

Today session is ending with indecision candle at 61.8 Fibo resistance level. Possible some move down. Trade carefully!

fxinvestmk Nov 29, 2023

Price is approaching 78.6% Fibo and it forms harmonic pattern. Price already reacted at the level of 0.8700. Risky trade against the main trend. Trade carefully!

fxinvestmk Nov 24, 2023

Recent strong down move has been corrected to 50-61.8 Fibo zone as retest of local trendline. So basic scenario is bearish. Target could be major trendline where price reacted few times in the past. Trade carefully!

fxinvestmk Nov 23, 2023

Price forms lower highs increasing probabilities for breaking down support level at 1.3650. Trade carefully!

fxinvestmk Nov 13, 2023

Price forms rising wedge pattern. Statistically more often it ends current trend. So basic scenario is bearish. Breaking above current resistance may cause further up move towards upper band of wedge pattern. Trade carefully!

fxinvestmk Nov 12, 2023

It seems that GBPUSD is ready for new uptrend. There is reaction on 61.8 Fibo. So basic scenario is bullish. Breaking below trendline will negate this idea. Trade carefully!

fxinvestmk Aug 9, 2023

Price reacted on resistance level made of upper channel band and 61.8% Fibo. Expected some move down. Trade carefully!

fxinvestmk Mar 29, 2023

Price forms wedge pattern that in most cases ends current trend. So possible some corrective move to the downside. Breakdown of the support level at ca. 1.2280 would be additional confirmation of this scenario. Target fot shorts can be round level 1.2200. Trade carefully!

fxinvestmk Mar 5, 2023

Price is approaching some interesting resistance levels which are Fibo retracements: 33500 at 50% and 33745 at 61.8%. Possible some bearish reaction. Trade carefully!

fxinvestmk Feb 14, 2023

Price broke and retested trendline. We see rejection of trendline. Breaking below zone 0.68600-0.68800 is needed as confirmation of potential down move. Trade carefully!