Today’s Forex Guide

USD/JPY Back to the Ichimoku’s cloud


Jan.21.2015


GBP/USD 4-hour Forex Dance Floor
GBP/USD 4-hour: Broke below the Ichimoku's cloud.

Invest Diva positioning: Short positions below 1.5172 with targets at 1.5053 and 1.4954 in extension.

Technical reasons why: The pair broke below the Ichimoku's cloud and our pivot level at 1.5172. The RSI is below the neutrality area.

Alternative Scenario: Above 1.5226 look for further upside towards 1.5332 and 1.505.

Where I'm setting my stops and limits:

Support Levels Turning Point Resistance Levels
1.5053 1.5226 1.5505
1.4954 1.5172 1.5335


NZD/USD 4-hour Forex Dance Floor
NZD/USD 4-hour: Rebounding.

Invest Diva positioning: Long positions above 0.7625 with targets at 0.7694 and 0.7790 in extension.

Technical reasons why: The pair reached our bearish target at 0.7625 and is rebounding from the level. The RSI is heading up to the neutrality area.

Alternative Scenario: Below 0.7694 look for further downside towards 0.7551 and 0.7487.

Where I'm setting my stops and limits:

Support Levels Turning Point Resistance Levels
0.7551 0.7625 0.7790
0.7487 0.7694


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

Invest Diva positioning: Short positions below 117.98 with targets at 116.05 and 113.66 in extension.

Technical reasons why: The pair fell into the Ichimoku's cloud again and continues to drop below the support level at 117.98. The RSI is heading down below the neutrality area.

Alternative Scenario: Above 117.98 look for further upside towards 118.79 and 120.63.

Where I'm setting my stops and limits:

Support Levels Turning Point Resistance Levels
115.59 117.98 120.63
113.66 118.79


USD/CAD 4-hour Forex Dance Floor
USD/CAD 4-hour: Reached the target.

Invest Diva positioning: Long positions above 1.2090 with targets at 1.2215 and 1.2323 in extension.

Technical reasons why: The pair reached our bullish target at 1.2090 and stays on uptrend above the Ichimoku's cloud. The RSI is above the neutrality area.

Alternative Scenario: Below 1.2090 look for further downside towards 1.1996 and 1.1880.

Where I'm setting my stops and limits:

Support Levels Turning Point Resistance Levels
1.1996 1.2090 1.2323
1.1880 1.2215


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

Invest Diva positioning: No positions.

Technical reasons why: The pair is consolidating above the previous bottom level at 1.1548 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
1.1468 1.1548 1.1875
1.1384 1.1782


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

Invest Diva positioning: Short positions below 0.8080 with targets at 0.8036 and 0.7879 in extension.

Technical reasons why: The pair dropped to the key support level at 0.8080 with breaking below the Ichimoku's cloud. A break below of this level would signal a further drop. The RSI is heading to the over-sold zone below the neutrality area.

Alternative Scenario: Above 0.8080 look for further upside towards 0.8213 and 0.8322.

Where I'm setting my stops and limits:

Support Levels Turning Point Resistance Levels
0.8036 0.8080 0.8322
0.7879 0.8213

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