2/2/2015 15:30 update
GBP/USD 4-hour: Broke below the Ichimoku’s cloud.
Invest Diva positioning: Short positions below 1.5053 with targets at 1.4954 and 1.4846 in extension.
Technical reasons why: The pair is consolidating below the pivot level at 1.5053 after breaking below the Ichimoku’s cloud. A break below the previous bottom at 1.4954 would give a further drop. The RSI is moving below the neutrality area.
Alternative Scenario: Above 1.5053 look for further upside towards 1.5150 and 1.5271.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.4954 | 1.5053 | 1.5150 |
| 1.4846 | 1.5271 |
USD/CAD 4-hour: Rebounding.
Invest Diva positioning: No positions.
Technical reasons why: The pair failed to break above the pivot level at 1.2779 and is rebounding above the Ichimoku’s cloud. The RSI is at the neutrality area.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.2090 | 1.2779 | 1.3058 |
| 1.1800 | 1.2445 | 1.2970 |
2/2/2015 8:30 update
AUD/USD 4-hour: Below the pivot level and Ichimoku’s cloud.
Invest Diva positioning: Short positions below 0.7879 with targets at 0.7700 and 0.7457 in extension.
Technical reasons why: The pair failed to reach our first bearish target at 0.7700 and is rebounding while it remains below the pivot level and the Ichimoku’s cloud. The RSI is moving up below the neutrality area.
Alternative Scenario: Above 0.7879 look for further upside towards 0.8036 and 0.8213.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7700 | 0.7879 | 0.8213 |
| 0.7457 | 0.8036 |
NZD/USD 4-hour: Consolidating.
Invest Diva positioning: Short positions below 0.7265 with targets at 0.7163 and 0.7007 in extension.
Technical reasons why: The pair is now consolidating at the pivot level at 0.7265 below the Ichimoku’s cloud. The RSI is below the neutrality area.
Alternative Scenario: Above 0.7265 look for further upside towards 0.7402 and 0.7625.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7163 | 0.7265 | 0.7625 |
| 0.7007 | 0.7402 |
USD/CHF 4-hour: Broke above the Ichimoku’s cloud.
Invest Diva positioning: Long positions above 0.9241 with targets at 0.9389 and 0.9571 in extension.
Technical reasons why: The pair broke above the Ichimoku’s cloud and our pivot level at 0.9241. The RSI is at the over-bought zone.
Alternative Scenario: Below 0.9241 look for further downside towards 0.8997 and 0.8745.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.8997 | 0.9241 | 0.9571 |
| 0.8745 | 0.9389 |
USD/JPY 4-hour: Consolidating.
Invest Diva positioning: No positions.
Technical reasons why: The pair once broke below the key support level but is now back inside the Ichimoku’s cloud and keep consolidating. The RSI is at the neutrality area.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 116.05 | 118.79 | 121.83 |
| 113.66 | 117.29 | 120.63 |
