Forex Diva's report

The end of the rise of British Pound?


Aug.05.2014

If you've been following our videos, you probably made money last  week trading EUR/USD.

I sure did :)

In today's video, I give another technical rundown on Mr. Euro, but more importantly discuss a possible shift in our long term outlook for the British pound.

日本語版はこちら

Kiana Danial

EUR/USD 

Mr. Euro and Ms. USA are teasing the 50% Fibonacci level after making us some fancy pips as they reached our previous targets 1.345 and 1.33. The pair continues to dance below the Ichimoku cloud but the Kijun line is flattening and the RSI is just rebounding from the over-sold zone.  So before making any hasty decisions, I say lets wait and see if the pair is strong enough to break below the 50% Fibo level at 1.33. that would open doors for more down moves towards 1.31.On the other hand a break above 1.37, could call for further upside with 1.4 & 1.4245 as targets.

IMG 1 - EURUSD technical analysis ichimoku fibonacci forex

GBP/USD

As for Pound-dollar, after a period of consolidation around a 5-year high at the 1.7 level, which by the way made the Invest Diva followers some delicious pips, The pair finally cleared their complicated status and broke below the Ichimoku cloud, with the RSI reaching the over-sold zone as well. So I’m thinking we are going to see drops below 1.68 towards 1.65 in extension. Now if the pair suddenly decides to go nuts and break back above the Ichimoku and 1.71 level, that would open doors for more gains towards 1.74 and 1.79.

IMG 2 - GBPUSD

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

signup

preview

get it

Intraday Forex Technical Levels

AUD/USD 4-hour: more down moves

Invest Diva likes: Short positions below 0.9338 with targets @ 0.9282 & 0.9210 in extension.

If pair goes nuts: Above 0.9393 look for further upside with 0.9471 & 0.9504 as targets.

What’s up on the forex dance floor: The pair is rebounding from a key resistance level at 0.9338, dancing below the Ichimoku cloud with the RSI heading south

Supports and resistances:

0.9504

0.9471

0.9393

0.9338

0.9282

0.9210

AUDUSD 4 hour technical analysis

USD/CAD 4-hour dance floor: more up-moves

Invest Diva likes: Long positions above 1.0902 with targets @ 1.0958 & 1.1045 in extension.

If pair goes nuts: Below 1.0822 look for further down moves with 1.0720 & 1.0623 as targets.

What’s up on the forex dance floor: The pair is dancing above the Ichimoku cloud with the RSI having yet to approach the over-bought zone

Supports and resistances:

1.1045

1.0958

1.0902

1.0822

1.0720

1.0623

USDCAD 4 hour technical analysis

USD/JPY 4-hour: under pressure.
Invest Diva likes: Long positions above 102 with targets @ 102.975 & 104.054 in extension.
If pair goes nuts: Below 102 look for further upside with 101.50 & 100 as targets.
What’s up on the forex dance floor: The pair is consolidating above the Ichimoku cloud.
Supports and resistances:
104.054
102.975
102
101.50
100
USDJPY 4 hour technical analysis

signup

preview

get it

Back to Top

Learn How to Grow Your Wealth