EUR/USD 4-hour: Broke below the Ichimoku’s cloud.
Invest Diva positioning: Short positions below 1.0808 with targets at 1.0674 and 1.0456 in extension.
Technical reasons why: The pair broke below the Ichimoku’s cloud with the RSI below the neutrality area.
Alternative Scenario: Above 1.0808 look for further upside with 1.1026 and 1.1160.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.0674 | 1.0808 | 1.1160 |
| 1.0456 | 1.1026 |
GBP/USD 4-hour: Moving down.
Invest Diva positioning: Short positions below 1.4853 with targets at 1.4734 and 1.4637 in extension.
Technical reasons why: The pair is moving down towards our bearish target at 1.4734 below the Ichimoku’s cloud. The RSI remains 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 |
USD/CHF 4-hour: Broke above the 23% Fibonacci level as entering the Ichimoku’s cloud.
Invest Diva positioning: Long positions above 0.9691 with targets at 0.9808 and 1.0121 in extension.
Technical reasons why: The pair broke above our pivot level at the 23% Fibonacci level as entering the Ichimoku’s cloud. The RSI is above the neutrality area.
Alternative Scenario: Below 0.9691 look for further downside with 0.9497 and 0.9210.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.9425 | 0.9691 | 1.0121 |
| 0.9210 | 0.9990 |
USD/CAD 4-hour: Reached our targets.
Invest Diva positioning: Long positions above 1.2747 with targets at 1.2833 and 1.2971 in extension.
Technical reasons why: The pair reached our bullish target at 1.2747 above the Ichimoku’s cloud and continues to move up towards the previous top level at 1.2833. The RSI also reached over-bought zone.
Alternative Scenario: Below 1.2747 look for further downside with 1.2659 and 1.2524.
Where I’m setting my stops and limits:
1.2337 1.2659
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.2390 | 1.2524 | 1.2747 |
| 1.2337 | 1.2659 |
#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.
