EUR/USD 4-hour: Consolidating.
Invest Diva positioning: Short positions below 1.1628 with targets at 1.1468 and 1.1384 in extension.
Technical reasons why: The pair is consolidating below our pivot level at 1.1628 below the Ichimoku’s cloud. The RSI is below the neutrality area.
Alternative Scenario: Above 1.1628 look for further upside towards 1.1782 and 1.1875.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.1468 | 1.1628 | 1.1875 |
| 1.1384 | 1.1782 |
AUD/USD 4-hour: Consolidating.
Invest Diva positioning: No positions.
Technical reasons why: The pair continues to consolidate at the 23% Fibonacci level at 0.8213 above the Ichimoku’s cloud. The RSI is flat at the neutrality area.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.8145 | 0.8213 | 0.8412 |
| 0.8036 | 0.8322 |
USD/JPY 4-hour: testing the Ichimoku’s cloud.
Invest Diva positioning: Long positions above 117.98 with targets at 119.30 and 120.63 in extension.
Technical reasons why: The pair broke above the key resistance level at 117.98 and is testing the upper boundary of the Ichimoku’s cloud. The RSI is about to reach the over-bought zone.
Alternative Scenario: Below 117.98 look for further downside towards 116.05 and 113.66.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 115.59 | 117.98 | 119.30 |
| 113.66 | 120.63 |
USD/CAD 4-hour: Consolidating.
Invest Diva positioning: Long positions above 1.1996 with targets at 1.2090 and 1.2215 in extension.
Technical reasons why: The pair is consolidating while it’s on an overall uptrend above the Ichimoku’s cloud. A break above the key resistance level at 1.1996 would give a further up-moves. The RSI is above the neutrality area.
Alternative Scenario: Below 1.1996 look for further downside towards 1.1880 and 1.1795.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.1880 | 1.1996 | 1.2215 |
| 1.1795 | 1.2090 |
GBP/USD 4-hour: Teasing lower boundary of Ichimoku’s cloud.
Invest Diva positioning: Short positions below 1.5172 with targets at 1.5053 and 1.4954 in extension.
Technical reasons why: The pair is still teasing the lower boundary of the Ichimoku’s cloud but is about to break below it. The RSI is heading down to theneutrality area.
Alternative Scenario: Above 1.5226 look for further upside towards 1.5332 and 1.505.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.5053 | 1.5226 | 1.505 |
| 1.4954 | 1.5335 |
NZD/USD 4-hour: Broke down the Ichimoku’s cloud.
Invest Diva positioning: Short positions below 0.7694 with targets at 0.7625 and 0.7551 in extension.
Technical reasons why: The pair broke below the Ichimoku’s cloud and reached our bearish targets. The pair continues to drop below the 23% Fibonacci level at 0.7694 with the RSI reaching over-sold zone.
Alternative Scenario: Above 0.7694 look for further upside towards 0.7790 and 0.7834.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7625 | 0.7694 | 0.7834 |
| 0.7551 | 0.7790 |
Intraday Commodities Technical Levels
Dow Jones Intraday: Rebound expected.
Invest Diva positioning: Long positions above 17120 with targets at 17530 and 17730 in extension.
Alternative scenario: Below 17120 look for further downside with 16860 and 16700.
Gold spot Intraday: Further advance.
Invest Diva positioning: Long positions above 1256 with targets at 1286 and 1292 in extension.
Alternative scenario: Below 1256 look for further downside with 1245 and 1235.
Crude Oil Intraday: Caution.
Invest Diva positioning: Short positions below 48.9 with targets at 45.95 and 45.05 in extension.
Alternative scenario: Above 48.9 look for further upside with 49.65 and 51.4.
