Today’s Forex Guide

USD/CHF 4-hour: Keep moderate uptrend


Mar.02.2015

3:45pm (EST) Update

USD/CHF 4-hour Forex Dance Floor
USD/CHF 4-hour: Keep moderate uptrend.

Invest Diva positioning: Long positions above 0.9501 with targets at 0.9767 and 1.0197 in extension.

Technical reasons why: The pair continues to move up moderately above the Ichimoku's cloud. The RSI is also moving above the neutrality area.

Alternative Scenario: Below 0.9501 look for further downside with 0.9286 and 0.9070.

Where I'm setting my stops and limits:

Support Levels Turning Point Resistance Levels
0.9286 0.9501 1.0197
0.9070 0.9767


AUD/USD 4-hour Forex Dance Floor
AUD/USD 4-hour: Teasing the lower boundary of the Ichimoku's cloud.

Invest Diva positioning: No positions.

Technical reasons why: The pair is moving inside the Ichimoku's cloud below the pivot level at 0.7790 with the RSI below the neutrality area. A break below the Ichimoku's cloud would signal a further down-moves.

Where I'm setting my stops and limits:

Support Levels Turning Point Resistance Levels
0.7648 0.7790 0.7048
0.7457 0.7877

snow still go

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