EUR/USD 4-hour: Downtrend prevails.
Invest Diva positioning: Short positions below 1.1663 with targets at 1.1536 and 1.1384 in extension.
Technical reasons why: The pair continues to drop to our bearish target below the Ichimoku’s cloud. The RSI reached the oversold area.
Alternative Scenario: Above 1.1663 look for further upside towards 1.1782 and 1.1875.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.1536 | 1.1663 | 1.1782 |
| 1.1384 | 1.1875 |
GBP/USD 4-hour: Consolidating within the Ichimoku’s cloud.
Invest Diva positioning: Long positions above 1.5226 with targets at 1.5332 and 1.5505 in extension.
Technical reasons why: The pair keeps consolidating at the 23% Fibonacci level at 1.5226 within the thick Ichimoku’s cloud. The RSI is around the neutrality area.
Alternative Scenario: Below 1.5226 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 | 1.5226 | 1.505 |
| 1.4954 | 1.5332 |
AUD/USD 4-hour: Failed to break above the key resistance level.
Invest Diva positioning: Short positions below 0.8250 with targets at 0.8145 and 0.8036 in extension.
Technical reasons why: The pair failed to break above the key resistance level at 0.8250 and is rebounding above the Ichimoku’s cloud. The RSI is moving down to the neutrality area.
Alternative Scenario: Above 0.8250 look for further upside towards 0.8322 and 0.8412.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.8145 | 0.8250 | 0.8412 |
| 0.8036 | 0.8322 |
USD/CAD 4-hour: Reached our bullish target.
Invest Diva positioning: Long positions above 1.1996 with targets at 1.2090 and 1.2215 in extension.
Technical reasons why: The pair reached our bullish target and previous top at 1.996 and continues to mvoe up above the Ichimoku’s cloud. The RSI is above the neutrality area.
Alternative Scenario: Below 1.1996 look for further downside towards 1.1880 and 1.1795.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.1880 | 1.1996 | 1.2215 |
| 1.1795 | 1.2090 |
NZD/USD 4-hour: Entered the Ichimoku’s cloud.
Invest Diva positioning: Short positions below 0.7834 with targets at 0.7694 and 0.7607 in extension.
Technical reasons why: The pair is rebounding from 61% Fibonacci level and entered the Ichimoku’s cloud. The RSI is at the neutrality area.
Alternative Scenario: Above 0.7834 look for further upside towards 0.7910 and 0.7973.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7747 | 0.7834 | 0.7973 |
| 0.7694 | 0.7887 |
USD/JPY 4-hour: Remains below the key resistance level.
Invest Diva positioning: Short positions below 117.98 with targets at 115.59 and 113.66 in extension.
Technical reasons why: The pair moves up and down but remains below the key resistance level at 117.98 and the Ichimoku’s cloud. The RSI is at the neutrality area.
Alternative Scenario: Above 117.98 look for further upside towards 119.30 and 120.63.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 115.59 | 117.98 | 119.30 |
| 113.66 | 120.63 |
