Forex Diva's report

British Pound’s Facebook Status


Jul.29.2014

If the currency pairs could set a Facebook relationship status, what could it be? Well this week the relationship for Mr. British Pound and Ms. USA is "complicated."

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 advisor who helps you make money the right way. Here is how you could  make money as a  bunch of currency pairs dance the week away on the forex dance floor.

Kiana Danial Invest Diva NYC New York

EUR/USD Intra-week

Mr. Euro and Ms. USA made us some fancy pips last week at as they reached our previous target 1.345. Breaking the 38% Fibonacci level, they continue to dance below the prevailing Ichimoku cloud with 1.33 as next main target but we could expect even further down moves towards 1.3100. On the other hand a break above 1.3780, could call for further upside with 1.4 & 1.4245 as targets.

 EURUSD forex technical analysis trading candlestick chart rising wedge ichimoku fibonacci

GBP/USD Intra-week

Mr. British Pound moved a bit down after a period of consolidation against Ms. USA but remains above the Ichimoku cloud and giving us mixed signals. Their Facebook relationship status? It’s complicated!

USD/JPY Intra-week

 Ms. USA showed some perky moves against Mr. Japanese yen last week but wasn’t strong enough to break above the Ichimoku cloud.

AUD/USD Intra-week

And as for our lazy Mr. Aussie, his dance moves against Ms. USA remains slow motion, even though the pair has broken above the Ichimoku cloud as well as a falling wedge. After reaching a top at 76% Fibo level at 0.95 beginning of July, Mr. Aussie hasn’t moved much but we are expecting him to  break above this level and lead Ms. USA towards 0.9750. Now if Mr. Aussie suddenly decides to go nuts and break below 0.92, that  would call for a deeper consolidation for the pair towards 0.9085 and 0.8900 in extension

IMG 2 07282014

Precious Metals 

Gold  has pushed above a key declining trend line and a key resistance level at 13333 turning our outlook clearly to bullish and we could see a bounce towards 1390 and 1434 in the coming days. but a break below 1285 would turn the outlook to bearish again.

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 learn how to make money by trading the largest market in the world.

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Intraday Forex Technical Levels

EUR/USD Intraday: the downside prevails.

Invest Diva likes: Short positions below 1.3455 with targets @ 1.342 & 1.34 in extension.

If pair goes nuts: Above 1.3455 look for further upside with 1.3485 & 1.35 as targets.

What’s up on the Forex Dance Floor: The pair stands below its resistance and remains under pressure.

Supports and resistances:
1.35
1.3485
1.3455
1.3433 Last
1.342
1.34
1.3375

GBP/USD Intraday: the downside prevails.

GBPUSD 30 minute chart technical analysis

Invest Diva likes: Short positions below 1.7 with targets @ 1.692 & 1.6885 in extension.

If pair goes nuts: Above 1.7 look for further upside with 1.702 & 1.705 as targets.

What’s up on the Forex Dance Floor: The pair remains on the downside and is breaking below its support and approaching 50% Fibonacci level

Supports and resistances:
1.705
1.702
1.7
1.6958 Last
1.692
1.6885
1.685

USD/JPY Intraday: bullish bias above 101.65.

Invest Diva likes: Long positions above 101.65 with targets @ 102 & 102.15 in extension.

If pair goes nuts: Below 101.65 look for further downside with 101.4 & 101.15 as targets.

What’s up on the Forex Dance Floor: The pair remains on the upside and is challenging its resistance.

Supports and resistances:
102.3
102.15
102
101.975 Last
101.65
101.4
101.15

USD/CHF Intraday: the upside prevails.

Invest Diva likes: Long positions above 0.9025 with targets @ 0.9055 & 0.9075 in extension.

If pair goes nuts: Below 0.9025 look for further downside with 0.9 & 0.8965 as targets.

What’s up on the Forex Dance Floor: The pair is rebounding above its support and remains on the upside.

Supports and resistances:
0.91
0.9075
0.9055
0.9046 Last
0.9025
0.9
0.8965

NZD/USD Intraday: under pressure.

Invest Diva likes: Short positions below 0.856 with targets @ 0.8495 & 0.847 in extension.

If pair goes nuts: Above 0.856 look for further upside with 0.8585 & 0.862 as targets.

What’s up on the Forex Dance Floor: As long as 0.856 is resistance, look for choppy price action with a bearish bias. Prices are trading in a bearish channel.

Supports and resistances:
0.862
0.8585
0.856
0.8516 Last
0.8495
0.847
0.843

AUD/USD Intraday: consolidation in place.

Invest Diva likes: Short positions below 0.9425 with targets @ 0.938 & 0.9355 in extension.

If pair goes nuts: Above 0.9425 look for further upside with 0.945 & 0.9475 as targets.

What’s up on the Forex Dance Floor: A break below 0.938 would trigger a drop towards 0.9355.

Supports and resistances:
0.9475
0.945
0.9425
0.9396 Last
0.938
0.9355
0.9335

USD/CAD Intraday: further upside.

USDCAD 30 minute chart technical analysis

Invest Diva likes: Long positions above 1.077 with targets @ 1.0825 & 1.084 in extension.

If pair goes nuts: Below 1.077 look for further downside with 1.075 & 1.073 as targets.

What’s up on the Forex Dance Floor: The next resistances are at 1.0825 and then at 1.084. Prices are shaping a bullish continuation pattern (Bullish Flag).

Supports and resistances:
1.0855
1.084
1.0825
1.081 Last
1.077
1.075
1.073

US Index Outlook

S&P500

Short positions below 1976 with targets @ 1959 & 1952 in extension.

Alternative scenario: Above 1976 look for further upside with 1986 & 1992 as targets.

Dow Jones

Short positions below 16960 with targets @ 16725 & 16660 in extension.

Alternative scenario: Above 16960 look for further upside with 17070 & 17130 as targets.

Nasdaq 100

Short positions below 3991 with targets @ 3909 & 3883 in extension.

Alternative scenario: Above 3991 look for further upside with 4017 & 4043 as targets.

Russell 2000

Short positions below 1148 with targets @ 1123 & 1112 in extension.

Alternative scenario: Above 1148 look for further upside with 1162 & 1176 as targets.
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