1/26/2015 15:30 update
NZD/USD 4-hour: Dropping.
Invest Diva positioning: Short positions below 0.7396 with targets at 0.7330 and 0.7265 in extension.
Technical reasons why: The pair continues to move down and almost reaches our bearish target at 0.7396 below the Ichimoku’s cloud. The RSI is moving at over-sold zone.
Alternative Scenario: Above 0.7473 look for further upside towards 0.7625 and 0.7694.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7396 | 0.7473 | 0.7625 |
| 0.7265 | 0.7396 | 0.7330 |
USD/CHF 4-hour: Entering the Ichimoku’s cloud.
Invest Diva positioning: Long positions above 0.8997 with targets at 0.9095 and 0.9241 in extension.
Technical reasons why: The pair reached the bullish target at 0.8997 and is entering the thick Ichimoku’s cloud. The RSI is heading to over-bought zone.
Alternative Scenario: Below 0.8997 look for further downside towards 0.8745 and 0.8375.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.8745 | 0.8997 | 0.9241 |
| 0.8375 | 0.9095 |
1/26/2015 8:30 update
EUR/USD 4-hour: Rebounding towards key support level.
Invest Diva positioning: Short positions below 1.1173 with targets at 1.0995 and 1.0807 in extension.
Technical reasons why: The pair keeps moving on an overall downtrend. It is moving back down towards a key support level at 1.1173 while remaining below the Ichimoku’s cloud. A confirmation of a break below this level would signal further drops. The RSI is below the over-sold zone.
Alternative Scenario: Above 1.1173 look for further upside towards 1.1384 and 1.1548.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.0995 | 1.1173 | 1.1548 |
| 1.0807 | 1.1384 |
AUD/USD 4-hour: Reached the bearish target.
Invest Diva positioning: Short positions below 0.7879 with targets at 0.7700 and 0.7457 in extension.
Technical reasons why: The pair reached our bearish target at 0.7879 below the Ichimoku’s cloud. The RSI also 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 | 0.8036 |
| 0.7457 | 0.8213 |
USD/JPY 4-hour: Broke above the Ichimoku’s cloud.
Invest Diva positioning: Long positions above 117.88 with targets at 118.79 and 120.63 in extension.
Technical reasons why: The pair broke above the Ichimok’s cloud and the pivot level at 117.88. The RSI is above the neutrality area.
Alternative Scenario: Below 117.88 look for further downside towards 116.05 and 113.66.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 116.05 | 117.88 | 120.63 |
| 113.66 | 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 |
