02/20/2015 8:30 EST Update
AUD/USD 4-hour: Moving up.
Invest Diva positioning: Long positions above 0.7790 with targets at 0.7878 and 0.8019 in extension.
Technical reasons why: The pair broke above the 23% Fibonacci level at 0.7790 and is moving up above the Ichimoku’s cloud. The RSI is above the neutrality area.
Alternative Scenario: Below 0.7790 look for further downside with 0.7647 and 0.7457.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7648 | 0.7790 | 0.8019 |
| 0.7457 | 0.7878 |
NZD/USD 4-hour: Consolidating at the 50% Fibonacci level.
Invest Diva positioning: Long positions above 0.7520 with targets at 0.7693 and 0.7879 in extension.
Technical reasons why: The pair continues to consolidate at the 50% Fibonacci level at 0.7514 while it is on an overall uptrend above the Ichimoku’s cloud. The RSI is moving above the neutrality area.
Alternative Scenario: Below 0.7520 look for further downside towards 0.7348 and 0.7193.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7348 | 0.7520 | 0.7879 |
| 0.7193 | 0.7693 |
USD/CHF 4-hour: Reaching the target.
Invest Diva positioning: Long positions above 0.9336 with targets at 0.9556 and 0.9730 in extension.
Technical reasons why: The pair has slight up-moves and is reaching our first target at 0.9556 above the Ichimoku’s cloud. The RSI is at the over-bought zone.
Alternative Scenario: Below 0.9336 look for further downside with 0.8977 and 0.8350.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.8977 | 0.9336 | 0.9730 |
| 0.8350 | 0.9556 |
USD/CAD 4-hour: Failed to break above the Ichimoku’s cloud.
Invest Diva positioning: No positions.
Technical reasons why: The pair couldn’t break above the Ichimoku’s cloud and is moving back to the pivot level at the key support level at 1.2360. A break below this level would signal a futher down-move. The RSI is below the neutrality area.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.2090 | 1.2360 | 1.2779 |
| 1.1880 | 1.2630 |
