EUR/USD 4-hour: Moving down.
Invest Diva positioning: Short positions below 1.2245 with targets at 1.2165 and 1.2056 in extension.
Technical reasons why: The pair is on an overall downtrend below the Ichimoku’s cloud. The RSI reached the oversold zone.
Alternative Scenario: Above 1.2245 look for further upside towards 1.2300 and 1.2379.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.2165 | 1.2245 | 1.2379 |
| 1.2056 | 1.2300 |
GBP/USD 4-hour: Broke below the triangle.
Invest Diva positioning: Short positions below 1.5615 with targets at 1.5474 and 1.5375 in extension.
Technical reasons why: The pair once broke below the triangle chart pattern but is now back to its lower boundary below the Ichimoku’s cloud. The RSI is around the neuutrality area.
Alternative Scenario: Above 1.5615 look for further upside towards 1.5749 and 1.5832.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.5474 | 1.5615 | 1.5832 |
| 1.5375 | 1.5749 |
USD/JPY 4-hour: Pulling back.
Invest Diva positioning: Long positions above 120.88 with targets at 121.76 and 122.92 in extension.
Technical reasons why: The pair reached our short term bearish target above the Ichimoku’s cloud. The RSI is above the neutrality area.
Alternative Scenario: Above 120.88 look for further upside towards 119.78 and 118.45.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 119.78 | 120.88 | 122.92 |
| 118.45 | 121.76 |
USD/CHF 4-hour: Continue to move up.
Invest Diva positioning: Long positions above 0.9777 with targets at 0.9837 and 0.9896 in extension.
Technical reasons why: The pair broke above the previous top level above the Ichimoku’s cloud. The RSI is moving above the neutrality area.
Alternative Scenario: Below 0.9777 look for further downside towards 0.9687 and 0.9631.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.9687 | 0.9777 | 0.9896 |
| 0.9631 | 0.9837 |
AUD/USD 4-hour: Moving within the bearish channel.
Invest Diva positioning: Short positions below 0.8318 with targets at 0.8214 and 0.8102 in extension.
Technical reasons why: The pair is consolidating below our pivot level at 0.8318 while remaining within the bearish channel below the Ichimoku’s cloud. The RSI is around the oversold zone.
Alternative Scenario: Above 0.8318 look for further upside towards 0.8387 and 0.8507.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.8214 | 0.8318 | 0.8387 |
| 0.8102 | 0.8507 |
USD/CAD 4-hour: Broke above the previous top.
Invest Diva positioning: Long positions above 1.1463 with targets at 1.1512 and 1.1570 in extension.
Technical reasons why: The pair reached and surpassed the precvious top level and our bullish target at 1.1463 above the Ichimoku’s cloud. The RSI is around the overbought zone.
Alternative Scenario: Below 1.1463 look for further downside towards 1.1372 and 1.1317.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.1372 | 1.1463 | 1.1570 |
| 1.1317 | 1.1512 |
