From the city that loves to trade, and I’m talking about New York City baby! my name is Kiana Danial, they call me Invest Diva, the go to investing adviser who helps you make money the right way. We are back with our brand new videos and diamond analysis of a bunch of currency pairs dancing the week away on the forex dance floor.
Mr. British Pound and Ms. USA are dancing within a bullish channel above the Ichimoku cloud. They already made us some pips at our previous target at 1.704 and the pip making shall continue towards 1.74 and 1.79. A downside breakout of 1.6450 would call for 1.62 and 1.5870 in extension.
Mr. Euro and Ms. USA have broken below a rising wedge and heading south below the 23% Fibonacci level where we entered a bearish position at 1.37. We are looking to make some pips with 1.345 and 1.33 as targets. Now if the pair suddenly decides to go nuts and break above 1.378, we could see further upside with 1.4 & 1.4245 as targets.
Mr. Aussie continues to dance sideways against Ms. USA on the forex dance floor, while Ms. USA is supposed to get her act together and lead Mr. Japan to the upside. Our outlook remains bullish as long as the pair remains above [IMG 3] the 61% Fibo at 100, with our targets set at 103.4 and a previous top at 105.4. A break below 100 would switch to bearish with first alternative target set at 97.7.
Long term traders. Don’t sweat the small losses and look at the big picture. Short term traders, invest responsibly, and if you have no idea what I just talked about, that only means you must enroll in Invest Diva’s education course ASAP and pick up a cool new skill, which is making money by trading the largest market in the world.