Today’s Forex Guide

USD/CAD 4-hour: Supported by the key level


Mar.25.2015

3:30 pm (EST) Update

GBP/USD 4-hour Forex Dance Floor
GBP/USD 4-hour: Consolidating within the triangle.

Invest Diva positioning: No positions.

Technical reasons why: The pair continues to consolidate around the Ichimoku's cloud and inside the triangle. The RSI is also at the neutrality area.

Where I'm setting my stops and limits:

Support Levels Turning Point Resistance Levels
1.4734 1.4986 1.5023
1.4637 1.4853 1.5094


USD/CAD 4-hour Forex Dance Floor
USD/CAD 4-hour: Supported by the key level.

Invest Diva positioning: No positions.

Technical reasons why: While the pair stays below the Ichimoku's cloud with the RSI below the neutrality area, it is supported below the pivot level at 1.2524. A confirmation of breaking below this level would signal a further down-moves.

Where I'm setting my stops and limits:

Support Levels Turning Point Resistance Levels
1.2390 1.2524 1.2747
1.2337 1.2659

 

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