NZD/USD 4-hour: Entering the Ichimoku’s cloud

8:30 am (EST) Update

GBP/USD 4-hour: Downtrend prevails.

Invest Diva positioning: Short positions below 1.4809 with targets at 1.4698 and 1.4565 in extension.

Technical reasons why: The pair remains on an overall downtrend below the Ichimoku’s cloud. The RSI is heading down towards the over-sold zone.

Alternative Scenario: Above 1.4809 look for further upide with 1.4899 and 1.5023.

Where I’m setting my stops and limits:

AUD/USD 4-hour: Consolidating.

Invest Diva positioning: No positions.

Technical reasons why: The pair is consolidating at the pivot level at 0.7648 just below the Ichimoku’s cloud. The RSI is at the neutrality area.

Where I’m setting my stops and limits:

NZD/USD 4-hour: Entering the Ichimoku’s cloud.

Invest Diva positioning: No positions.

Technical reasons why: The pair entered the Ichimoku’s cloud with the RSI at the neutrality area. A break above the Ichimoku’s cloud would signal a further up-moves, while a break below the key resistance level at 0.7314 would confirm the double-top pattern.

Where I’m setting my stops and limits:

USD/CAD 4-hour: Consolidating at the key resistance level.

Invest Diva positioning: Long positions above 1.2779 with targets at 1.2971 and 1.3161 in extension.

Technical reasons why: The pair is consolidating at the key resistance level at 1.2779 above the Ichimoku’s cloud. The RSI remains above the neutrality area.

Alternative Scenario: Below 1.2779 look for further downside with 1.2659 and 1.2524.

Where I’m setting my stops and limits:

Kiana Danial

#1 Best Selling Author. Helping you accelerate your retirement with Triple Compounding™ Former engineer on a mission to help 1 million households take control of their finances. Founder & CEO of Invest Diva.