1/29/2015 15:30 update
GBP/USD 4-hour: Broke below the Ichimoku’s cloud.
Invest Diva positioning: Short positions below 1.5053 with targets at 1.4954 and 1.4846 in extension.
Technical reasons why: The pair broke below the Ichimoku’s cloud and reached our bearish target at 1.5053. The RSI is moving below the neutrality area.
Alternative Scenario: Below 1.5053 look for further downside towards 1.5150 and 1.5271.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.4954 | 1.5053 | 1.5150 |
| 1.4846 | 1.5271 |
USD/JPY 4-hour: Consolidating.
Invest Diva positioning: No positions.
Technical reasons why: The pair is consolidating between the key resistance and support level at 118.79 and 117.29 within and above the Ichimoku’s cloud. The RSI is also moving around the neutrality area.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 116.05 | 118.79 | 121.83 |
| 113.66 | 117.29 | 120.63 |
1/29/2015 8:30 update
AUD/USD 4-hour: Broke below the previous bottom.
Invest Diva positioning: Short positions below 0.7879 with targets at 0.7700 and 0.7457 in extension.
Technical reasons why: The pair broke below the previous bottom and our bearish target at 0.7879 and keep dropping below the Ichimoku’s cloud. The RSI reached the over-sold zone.
Alternative Scenario: Above 0.7879 look for further upside towards 0.8036 and 0.8213.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7700 | 0.7879 | 0.8213 |
| 0.7457 | 0.8036 |
NZD/USD 4-hour: Reached the target.
Invest Diva positioning: Short positions below 0.7265 with targets at 0.7163 and 0.7007 in extension.
Technical reasons why: The pair continues to drop below the Ichimoku’s cloud and reached our bearish targets. The RSI is below the over-sold zone.
Alternative Scenario: Above 0.7265 look for further upside towards 0.7402 and 0.7625.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7163 | 0.7265 | 0.7625 |
| 0.7007 | 0.7402 |
USD/CHF 4-hour: Moving up within the Ichimoku’s cloud.
Invest Diva positioning: Long positions above 0.9241 with targets at 0.9389 and 0.9571 in extension.
Technical reasons why: The pair is moving up to our bullish target at 0.9241 within the Ichimoku’s cloud. A break above this level and the Ichimoku’s cloud would signal a further up-moves. The RSI is around the over-bought zone.
Alternative Scenario: Below 0.9241 look for further downside towards 0.8997 and 0.8745.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.8997 | 0.9241 | 0.9571 |
| 0.8745 | 0.9389 |
USD/CAD 4-hour: Uptrend prevails.
Invest Diva positioning: Long positions above 1.2445 with targets at 1.2664 and 1.2779 in extension.
Technical reasons why: The pair is moving up above our pivot level at 1.2445 and the Ichimoku’s cloud. The RSI is above the neutrality area.
Alternative Scenario: Below 1.2445 look for further downside towards 1.2323 and 1.2090.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.2323 | 1.2445 | 1.2779 |
| 1.2090 | 1.2664 |
