02/18/2015 8:30 EST Update
GBP/USD 4-hour: Testing the pivot level.
Invest Diva positioning: Long positions above 1.5413 with targets at 1.5573 and 1.5753 in extension.
Technical reasons why: The pair is now testing the resistance level at 1.5413 with a strong bullish candle above the Ichimoku’s cloud. The RSI is moving above the neutrality area.
Alternative Scenario: Below 1.5413 look for further downside with 1.5271 and 1.5150.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.5271 | 1.5413 | 1.5753 |
| 1.5150 | 1.5573 |
AUD/USD 4-hour: Broke above the pivot level.
Invest Diva positioning: Long positions above 0.7794 with targets at 0.8010 and 0.8227 in extension.
Technical reasons why: The pair is consolidating after braking above the key resistance level at 0.7794 above the Ichimoku’s cloud. The RSI is above the neutrality area.
Alternative Scenario: Below 0.7794 look for further downside with 0.7660 and 0.7457.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7660 | 0.7794 | 0.8227 |
| 0.7457 | 0.8010 |
NZD/USD 4-hour: On the way to the bullish target.
Invest Diva positioning: Long positions above 0.7443 with targets at 0.7597 and 0.7697 in extension.
Technical reasons why: The pair is on the way to our next bullish target above the pivot level and the Ichimoku’s cloud. The RSI is above the neutrality area.
Alternative Scenario: Below 0.7443 look for further downside towards 0.7341 and 0.7220.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7341 | 0.7443 | 0.7697 |
| 0.7220 | 0.7597 |
USD/CAD 4-hour: Failed to break below the key support level.
Invest Diva positioning: No positions.
Technical reasons why: The pair failed to broke below the key support level at 1.2360 below the Ichimoku’s cloud. The RSI is back to the neutrality area.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.2090 | 1.2360 | 1.2779 |
| 1.1880 | 1.2630 |
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