1/27/2015 15:30 update
GBP/USD 4-hour: Broke above the Ichimoku’s cloud.
Invest Diva positioning: Long positions above 1.5172 with targets at 1.5332 and 1.5495 in extension.
Technical reasons why: The pair broke above the Ichimoku’s cloud and reached our bullish target at 1.5172. The RSI is above the neutrality area.
Alternative Scenario: Below 1.15172 look for further downside towards 1.5053 and 1.4954.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.5053 | 1.5172 | 1.5495 |
| 1.4954 | 1.5332 |
USD/CHF 4-hour: Consolidating within the Ichimoku’s cloud.
Invest Diva positioning: No positions.
Technical reasons why: The pair is consolidating at the pivot level at 0.8997 after entering the thick Ichimoku’s cloud. The RSI is moving down above the neutrality area.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.8745 | 0.8997 | 0.9241 |
| 0.8375 | 0.9095 |
1/27/2015 8:30 update
AUD/USD 4-hour: Rebounding.
Invest Diva positioning: Long positions above 0.7879 with targets at 0.8036 and 0.8213 in extension.
Technical reasons why: The pair is now rebounding from the previous bottom level at 0.7879 while it stays below the Ichimoku’s cloud. The RSI is heading up to the neutrality area.
Alternative Scenario: Below 0.7879 look for further downside towards 0.7700 and 0.7457.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7700 | 0.7879 | 0.8036 |
| 0.7457 | 0.8213 |
NZD/USD 4-hour: Rebounding.
Invest Diva positioning: No positions.
Technical reasons why: The pair is reboundng from the previous bottom level at 0.7396 below the Ichimoku’s cloud. The RSI is below the neutrality area.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7330 | 0.7396 | 0.7625 |
| 0.7265 | 0.7473 |
USD/JPY 4-hour: Back to the pivot level.
Invest Diva positioning: Short positions below 117.88 with targets at 117.29 and 116.05 in extension.
Technical reasons why: The pair is coming back to our pivot level at 117.88 and the Ichimoku’s cloud. A break below the next bearish target would give a further drop. The RSI is below the neutrality area.
Alternative Scenario: Above 117.88 look for further upside towards 118.79 and 120.63.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 117.29 | 117.88 | 120.63 |
| 116.05 | 118.79 |
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 continues to move up above the Ichimoku’s cloud. The RSI is moving above the over-bought zone.
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 |
