GBP/USD 4-hour: Broke below the key level.
Invest Diva positioning: Short positions below 1.4853 with targets at 1.4734 and 1.4637 in extension.
Technical reasons why: The pair broke below the key support level at 1.4853 below the Ichimoku’s cloud. The RSI is below the neutrality area.
Alternative Scenario: Above 1.4853 look for further upside with 1.4986 and 1.5094.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.4734 | 1.4853 | 1.5094 |
| 1.4637 | 1.4963 |
NZD/USD 4-hour: Entered the Ichimoku’s cloud.
Invest Diva positioning: Short positions below 0.7533 with targets at 0.7488 and 0.7435 in extension.
Technical reasons why: The pair entered the Ichimoku’s cloud as reaching our bearish target level at 0.7533. A break below the Ichimoku’s cloud would signal further down-moves. The RSI is below the neutrality area.
Alternative Scenario: Above 0.7533 look for further upside with 0.7600 and 0.7696.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7483 | 0.7533 | 0.7696 |
| 0.7435 | 0.7600 |
USD/CAD 4-hour: Reaching our target as testing the Ichimoku’s cloud.
Invest Diva positioning: Long positions above 1.2524 with targets at 1.2659 and 1.2747 in extension.
Technical reasons why: The pair is reaching our bullish target at 1.2659 as testing the upper boundary of the Ichimoku’s cloud. The RSI is above the neutrality area.
Alternative Scenario: Below 1.2524 look for further downside with 1.2390 and 1.2237.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.2390 | 1.2524 | 1.2747 |
| 1.2337 | 1.2659 |
USD/CHF 4-hour: Consolidating below the 23% Fibonacci level.
Invest Diva positioning: No positions.
Technical reasons why: While the pair keeps below the Ichimoku’s cloud, it is consolidateing below the pivot level at the 23% Fibonacci level. The RSI is at the neutrality area.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.9425 | 0.9691 | 1.0121 |
| 0.9210 | 0.9990 |
