1/28/2015 15:30 update
AUD/USD 4-hour: Moving down.
Invest Diva positioning: Short positions below 0.8036 with targets at 0.7879 and 0.7700 in extension.
Technical reasons why: The pair changed direction below our bullish target and the Ichimoku’s cloud. The RSI is heading down from the neutrality area.
Alternative Scenario: Above 0.8036look for further upside towards 0.8213 and 0.8460.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7879 | 0.8036 | 0.8460 |
| 0.7700 | 0.8213 |
NZD/USD 4-hour: Broke below the previous bottom.
Invest Diva positioning: Short positions below 0.7396 with targets at 0.7330 and 0.7265 in extension.
Technical reasons why: The pair broke below the previous bottom level at 0.7396 below the Ichimoku’s cloud. The RSI is below the neutrality area.
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 |
|---|---|---|
| 0.7330 | 0.7473 | 0.7694 |
| 0.7265 | 0.7396 | 0.7625 |
1/28/2015 8:30 update
EUR/USD 4-hour: Reached the target.
Invest Diva positioning: Short positions below 1.1384 with targets at 1.1150 and 1.0995 in extension.
Technical reasons why: The pair is rebounding from the previous bottom and reached our bullish target at 1.1384. But the pair keeps on an overall downtrend below the Ichimoku’s cloud with the RSI at the neutrality area.
Alternative Scenario: Above 1.1384 look for further upside towards 1.5480 and 1.1784.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.1150 | 1.1384 | 1.5480 |
| 1.0995 | 1.1784 |
GBP/USD 4-hour: Broke above the Ichimoku’s cloud.
Invest Diva positioning: Long positions above 1.5172 with targets at 1.5332 and 1.5495 in extension.
Technical reasons why: The pair broke above the Ichimoku’s cloud and reached our bullish target at 1.5172. The RSI is moving above the neutrality area.
Alternative Scenario: Below 1.5172 look for further downside towards 1.5053 and 1.4954.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.5053 | 1.5172 | 1.5495 |
| 1.4954 | 1.5332 |
USD/CHF 4-hour: Consolidating within the Ichimoku’s cloud.
Invest Diva positioning: No positions.
Technical reasons why: The pair is consolidating at the pivot level at 0.8997 after entering the thick Ichimoku’s cloud. The RSI is moving above the neutrality area.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.8745 | 0.8997 | 0.9289 |
| 0.8375 | 0.9241 |
USD/CAD 4-hour: Consolidating.
Invest Diva positioning: Long positions above 1.2445 with targets at 1.2664 and 1.2779 in extension.
Technical reasons why: The pair is consolidating at our pivot level at 1.2445 while staying on uptrend above the Ichimoku’s cloud. The RSI is above the neutrality area.
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 |
