02/09/2015 8:30 Update
EUR/USD 4-hour: Breaking below the Ichimoku’s cloud.
Invest Diva positioning: Short positions below 1.1336 with targets at 1.1150 and 1.0995 in extension.
Technical reasons why: The pair is testing the key support level at 1.1336 and is about to break below the Ichimoku’s cloud. The RSI is below the neutrality are.
Alternative Scenario: Above 1.1384 look for further upside towards 1.1548 and 1.1784.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.1150 | 1.1336 | 1.1784 |
| 1.0995 | 1.1548 |
NZD/USD 4-hour: Broke above the Ichimoku’s cloud.
Invest Diva positioning: Long positions above 0.7368 with targets at 0.7460 and 0.7608 in extension.
Technical reasons why: The pair broke above the Ichimoku’s cloud and heading to 38% Fibonacci level at 0.7443. The RSI is above the neutrality area.
Alternative Scenario: Below 0.7368 look for further downside towards 0.7220 and 0.7007.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7220 | 0.7341 | 0.7597 |
| 0.7007 | 0.7443 |
USD/JPY 4-hour: Broke above the resistance level.
Invest Diva positioning: Short positions below 118.79 with targets at 117.29 and 116.05 in extension.
Technical reasons why: The pair broke above the pivot level but is now rebounding while remaining above the Ichimoku’s cloud and forming a bullish spinning top pattern. The RSI is above the neutrality area.
Alternative Scenario: Above 118.79 look for further upside towards 120.62 and 121.83.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 117.29 | 118.79 | 121.83 |
| 116.05 | 120.63 |
USD/CAD 4-hour: Rebounding from the key support level.
Invest Diva positioning: No positions.
Technical reasons why: The pair is rebounding above our pivot level above at 1.2445 below the Ichimoku’s cloud. A break below this level would signal further down moves. The RSI is at the neutrality area.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.2090 | 1.2445 | 1.2779 |
| 1.1880 | 1.2630 |
