Today’s Forex Guide

NZD/USD 4-hour: Below the Ichimoku’s cloud


Apr.01.2015

3:15 pm (EST) Update

NZD/USD 4-hour Forex Dance Floor
NZD/USD 4-hour: Below the Ichimoku's cloud.

Invest Diva positioning: Short positions below 0.7462 with targets at 0.7390 and 0.7315 in extension.

Technical reasons why: The pair is moving down from the previous top level and is now at the 23% Fibonacci level below the Ichimoku's cloud. The RSI is below the neutrality area.

Alternative Scenario: Above 0.7462 look for further upside with 0.7543 and 0.7610.

Where I'm setting my stops and limits:

Support Levels Turning Point Resistance Levels
0.7390 0.7462 0.7610
0.7315 0.7462


USD/JPY 4-hour Forex Dance Floor
USD/JPY 4-hour: Within the Ichimoku's cloud.

Invest Diva positioning: No positions.

Technical reasons why: The pair is moving inside the Ichimoku's cloud. The RSI is at the nuetrality area.

Where I'm setting my stops and limits:

Support Levels Turning Point Resistance Levels
119.19 120.16 122.01
118.32 121.14

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