EUR/USD 4-hour: Consolidating below the previous top level.
Maria’s Positioning: Long positions above 1.0910 with targets at 1.1051 and 1.1161 in extension.
Technical reasons why: The pair is temporary consolidating after breaking above the pivot level and the Ichimoku’s cloud. The RSI is above the neutrality area.
Alternative Scenario: Below 1.0910 look for further downside with 1.0725 and 1.0596.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.0725 | 1.0910 | 1.1161 |
| 1.0596 | 1.1051 |
GBP/USD 4-hour: Moving towards the key resistance level.
Maria’s positioning: Long positions above 1.4742 with targets at 1.4986 and 1.5094 in extension.
Technical reasons why: The pair broke above the pivot level and the Ichimoku’s cloud towards the key resistance levels 1.4986. The RSI is above the neutrality area.
Alternative Scenario: Below 1.4742 look for further downside with 1.4742 and 1.4637.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.4742 | 1.4853 | 1.5335 |
| 1.4637 | 1.4986 |
NZD/USD 4-hour: Reached the target.
Maria’s positioning: Long positions above 0.7610 with targets at 0.7696 and 0.7788 in extension.
Technical reasons why: The pair reached our bullish target at 0.7610 and is temporary consolidating below the level above the Ichimoku’s cloud. The RSI is above the neutrality area.
Alternative Scenario: Below 0.7610 look for further downside with 0.7543 and 0.7390.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7543 | 0.7610 | 0.7788 |
| 0.7390 | 0.7696 |
USD/CAD 4-hour: Broke below the Ichimoku’s cloud.
Maria’s Positioning: Short positions below 1.2525 with targets at 1.2412 and 1.2205 in extension.
Technical reasons why: The pair broke below our previous bearish target at 1.2525 and the Ichimoku’s cloud. the RSI is below the neutrality area.
Alternative Scenario: Above 1.2525 look for further upside with 1.2645 and 1.2747.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.2412 | 1.2525 | 1.2747 |
| 1.2205 | 1.2645 |
