Today’s Forex Guide

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


Mar.17.2015

8:30 am (EST) Update

GBP/USD 4-hour Forex Dance Floor
GBP/USD 4-hour: Downtrend prevails.

Invest Diva positioning: Short positions below 1.4809 with targets at 1.4698 and 1.4565 in extension.

Technical reasons why: The pair remains on an overall downtrend below the Ichimoku's cloud. The RSI is heading down towards the over-sold zone.

Alternative Scenario: Above 1.4809 look for further upide with 1.4899 and 1.5023.

Where I'm setting my stops and limits:

Support Levels Turning Point Resistance Levels
1.4698 1.4809 1.5023
1.4565 1.4899


AUD/USD 4-hour Forex Dance Floor
AUD/USD 4-hour: Consolidating.

Invest Diva positioning: No positions.

Technical reasons why: The pair is consolidating at the pivot level at 0.7648 just below the Ichimoku's cloud. The RSI is at the neutrality area.

Where I'm setting my stops and limits:

Support Levels Turning Point Resistance Levels
0.7559 0.7648 0.7823
0.7457 0.7722


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

Invest Diva positioning: No positions.

Technical reasons why: The pair entered the Ichimoku's cloud with the RSI at the neutrality area. A break above the Ichimoku's cloud would signal a further up-moves, while a break below the key resistance level at 0.7314 would confirm the double-top pattern.

Where I'm setting my stops and limits:

Support Levels Turning Point Resistance Levels
0.7175 0.7382 0.7532
0.6970 0.7314 0.7447


USD/CAD 4-hour Forex Dance Floor
USD/CAD 4-hour: Consolidating at the key resistance level.

Invest Diva positioning: Long positions above 1.2779 with targets at 1.2971 and 1.3161 in extension.

Technical reasons why: The pair is consolidating at the key resistance level at 1.2779 above the Ichimoku's cloud. The RSI remains above the neutrality area.

Alternative Scenario: Below 1.2779 look for further downside with 1.2659 and 1.2524.

Where I'm setting my stops and limits:

Support Levels Turning Point Resistance Levels
1.2659 1.2779 1.3161
1.2524 1.2971

 

gold oil important index

Back to Top

Learn How to Grow Your Wealth