02/24/2015 15:30 EST Update
NZD/USD 4-hour: Moving inside the Ichimoku’s cloud.
Invest Diva positioning: No position.
Technical reasons why: The pair is moving inside the Ichimoku’s cloud after failing to break below our pivot level and the lower boundary of the Ichimoku’s cloud at 0.7443. The RSI is below the neutrality area.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7348 | 0.7520 | 0.7879 |
| 0.7139 | 0.7693 |
USD/CHF 4-hour: Consolidating below our target.
Invest Diva positioning: Long positions above 0.9336 with targets at 0.9556 and 0.9730 in extension.
Technical reasons why: The pair is consolidating below our first bullish level at 0.9336 above the Ichimoku’s cloud. The RSI is above the neutrality area.
Alternative Scenario: Below 0.9336 look for further downside with 0.8977 and 0.8350.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.8977 | 0.9336 | 0.9730 |
| 0.8350 | 0.9556 |
#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.
