EUR/USD 4-hour: Testing the 50% Fibonacci level.
Invest Diva positioning: Long positions above 1.0973 with targets at 1.1092 and 1.1239 in extension.
Technical reasons why: The pair is testing the 50% Fibonacci level at 1.0973 above the Ichimoku’s cloud. The RSI is above the neutrality area.
Alternative Scenario: Below 1.0973 look for further downside with 1.0854 and 1.0613.
Where I’m setting my stops and limits:
Support Levels | Turning Point | Resistance Levels |
---|---|---|
1.0854 | 1.0973 | 1.1239 |
1.0613 | 1.1092 |
AUD/USD 4-hour: Testing the resistance level at 50% Fibonacci.
Invest Diva positioning: Long positions above 0.7904 with targets at 0.7985 and 0.8086 in extension.
Technical reasons why: The pair is testing the resistance level at the 50% Fibonacci level above the Ichimoku’s cloud. A break above this level would give a further up-trend. The RSI is above the neutrality area.
Alternative Scenario: Below 0.7904 look for further downside with 0.7823 and 0.7722.
Where I’m setting my stops and limits:
Support Levels | Turning Point | Resistance Levels |
---|---|---|
0.7823 | 0.7904 | 0.8086 |
0.7222 | 0.7985 |
NZD/USD 4-hour: Moving up.
Invest Diva positioning: Long positions above 0.7617 with targets at 0.7721 and 0.7889 in extension.
Technical reasons why: The pair continues to move up as breaking above the key resistance level at the 61% Fibonacci level at 0.7617 above the Ichimoku’s cloud. The RSI is above the neutrality area.
Alternative Scenario: Below 0.7617 look for further downside with 0.7533 and 0.7450.
Where I’m setting my stops and limits:
Support Levels | Turning Point | Resistance Levels |
---|---|---|
0.7823 | 0.7904 | 0.8086 |
0.7222 | 0.7985 |
USD/JPY 4-hour: Broke below the support level.
Invest Diva positioning: Short positions below 119.69 with targets at 119.14 and 118.26 in extension.
Technical reasons why: The pair broke below the support level at the 61% Fibonacci level below the Ichimoku’s cloud. The RSI reached the over-sold zone.
Alternative Scenario: Above 119.69 look for further upside with 120.13 and 120.57.
Where I’m setting my stops and limits:
Support Levels | Turning Point | Resistance Levels |
---|---|---|
119.14 | 119.69 | 120.57 |
118.26 | 120.13 |
#1 Best Selling Author. Helping you accelerate your retirement with Triple Compounding™ Former engineer on a mission to help 1 million households take control of their finances. Founder & CEO of Invest Diva.