News | ###

Ms. USA & Mr. Japan Approaching Mr. Fibonacci’s 50%


Jun.27.2014

From the city that loves to trade, my name is Kiana Danial, they call me Invest Diva, the go to investing advisor who helps you make money the right way. Here your diamond analysis of a bunch of currency pairs dancing the week away on the forex dance floor.

The pick of the day is USD/JPY as Mr. Japan is playing games and Ms. USA is following along. The pair has been dancing in a range since the beginning of February but still remains above the 50% Fibonacci level. It is now on its way to test waters again at this support level at 101.061 while dancing below the Ichimoku cloud, with the RSI approaching the oversold zone.

Our outlook remains bullish as long as the pair remains above the 61% Fibo at 100, with our targets set at 103.4 and a previous top at 105.4.

USDJPY technical analysis candlestick chart fibonacci RSI Ichimoku

But if the pair goes nuts and break below 100, our outlook will to bearish with a first alternative target at 97.7.

Long term traders. Don’t sweat the small losses and look at the big picture. Short term traders, invest responsibly. And wait, are we hooked up on the social media? To get the most recent intraday updates, don’t forget to follow Invest Diva on Twitter and Facebook.

forex education course learn now

signup

down arrow black transparrent

preview

down arrow black transparrent

get it

 

Intraday Forex Technical Levels

EUR/USD Intraday: the upside prevails.

Invest Diva likes: Long @ 1.3615 with targets @ 1.3635 & 1.365 in extension.

If pairs go nuts: Below 1.36 look for further downside with 1.358 & 1.356 as targets.

What’s up on the forex dance floor: The pair is rebounding above its support.

Supports and resistances:
1.367
1.365
1.3635
1.362 Last
1.36
1.358
1.356

スライド1

GBP/USD Intraday: the upside prevails.

Invest Diva likes: Long positions above 1.7 with targets @ 1.706 & 1.708 in extension.

If pairs go nuts: Below 1.7 look for further downside with 1.697 & 1.695 as targets.

What’s up on the forex dance floor: The pair is rebounding above its support as the RSI is turning up.

Supports and resistances:
1.71
1.708
1.706
1.7027 Last
1.7
1.697
1.695

USD/JPY Intraday: the downside prevails.

Invest Diva likes: Short positions below 101.65 with targets @ 101.3 & 101.15 in extension.

If pairs go nuts: Above 101.65 look for further upside with 101.8 & 102 as targets.

What’s up on the forex dance floor: The pair stands below its resistance and remains under pressure.

Supports and resistances:
102
101.8
101.65
101.345 Last
101.3
101.15
101

USD/CHF Intraday: under pressure.

Invest Diva likes: Short positions below 0.894 with targets @ 0.8905 & 0.8895 in extension.

If pairs go nuts: Above 0.894 look for further upside with 0.8955 & 0.8975 as targets.

What’s up on the forex dance floor: The pair is posting a rebound but stands below its resistance.

Supports and resistances:
0.8975
0.8955
0.894
0.8929 Last
0.8905
0.8895
0.888

NZD/USD Intraday: the upside prevails.

Invest Diva likes: Long positions above 0.874 with targets @ 0.88 & 0.8835 in extension.

If pairs go nuts: Below 0.874 look for further downside with 0.87 & 0.868 as targets.

What’s up on the forex dance floor: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
0.886
0.8835
0.88
0.8761 Last
0.874
0.87
0.868

AUD/USD Intraday: the upside prevails.

Invest Diva likes: Long positions above 0.939 with targets @ 0.9445 & 0.9465 in extension.

If pairs go nuts: Below 0.939 look for further downside with 0.9375 & 0.935 as targets.

What’s up on the forex dance floor: The RSI is mixed with a bullish bias.

Supports and resistances:
0.948
0.9465
0.9445
0.9419 Last
0.939
0.9375
0.935

スライド3

USD/CAD Intraday: the downside prevails.

Invest Diva likes: Short positions below 1.0725 with targets @ 1.064 & 1.058 in extension.

If pairs go nuts: Above 1.0725 look for further upside with 1.0755 & 1.0805 as targets.

What’s up on the forex dance floor: The RSI is mixed with a bearish bias.

Supports and resistances:
1.0805
1.0755
1.0725
1.0694 Last
1.064
1.058
1.055

US Index Levels

S&P500 (CME)

Short positions below 1960 with targets @ 1918 & 1906 in extension.

Alternative scenario: Above 1960 look for further upside with 1967 & 1975 as targets.

Dow Jones (CBT)

Short positions below 16910 with targets @ 16550 & 16430 in extension.

Alternative scenario: Above 16910 look for further upside with 17000 & 17090 as targets.

Nasdaq 100 (CME)

Short positions below 3828 with targets @ 3745 & 3727 in extension.

Alternative scenario: Above 3828 look for further upside with 3849 & 3855 as targets.

Russell 2000 (ICE)

Short positions below 1190 with targets @ 1147 & 1133 in extension.

Alternative scenario: Above 1190 look for further upside with 1210 & 1225 as targets.

signup

down arrow black transparrent

preview

down arrow black transparrent

get it

Back to Top

Learn How to Grow Your Wealth