EUR/USD 4-hour: Rebounding.
Invest Diva positioning: Long positions above 1.2428 with targets at 1.2507 and 1.2572 in extension.
Technical reasons why: The pair is rebounding from the Ichimoku’s cloud after reaching our bearish target at 1.2379. The RSI is heading up from the neutrality area.
Alternative Scenario: Below 1.2428 look for further downside towards 1.2379 and 1.2300.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.2379 | 1.2428 | 1.2572 |
| 1.2300 | 1.2507 |
GBP/USD 4-hour: Broke above Ichimoku’s cloud.
Invest Diva positioning: Short positions below 1.5709 with targets at 1.5562 and 1.5474 in extension.
Technical reasons why: The pair is consolidating at our pivot level at 1.5709 above the Ichimoku’s cloud. The RSI is moving down above the nuetrality area.
Alternative Scenario: Above 1.5709 look for further upside towards 1.5799 and 1.5873.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.5562 | 1.5709 | 1.5873 |
| 1.5474 | 1.5709 |
USD/JPY 4-hour: Failed to enter Ichimoku’s cloud.
Invest Diva positioning: Short positions below 118.45 with targets at 117.21 and 115.48 in extension.
Technical reasons why: The pair failed to enter the Ichimoku’s cloud and continues to consolidate at our pivot level at 118.45. The RSI is moving below the neutrality area.
Alternative Scenario: Above 118.45 look for further upside towards 119.78 and 120.88.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 117.21 | 118.45 | 120.88 |
| 115.48 | 119.78 |
USD/CHF 4-hour: Failed to enter Ichimoku’s cloud.
Invest Diva positioning: Short positions below 0.9650 with targets at 0.9601 and 0.9553 in extension.
Technical reasons why: The pair failed to enter the Ichimoku’s cloud and dropped. The RSI is moving down below the neutrality area.
Alternative Scenario: Above 0.9650 look for further upside towards 0.9710 and 0.9807.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.9601 | 0.9650 | 0.9807 |
| 0.9553 | 0.9710 |
AUD/USD 4-hour: Consolidating.
Invest Diva positioning: Short positions below 0.8248 with targets at 0.8102 and 0.7977 in extension.
Technical reasons why: The pair is consolidating at the support level at 0.8248 below the Ichimoku’s cloud with the RSI below the neutrality area.
Alternative Scenario: Above 0.8248 look for further upside towards 0.8318 and 0.8387.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.8102 | 0.8248 | 0.8387 |
| 0.7977 | 0.8318 |
USD/CAD 4-hour: Moving up.
Invest Diva positioning: Long positions above 1.1570 with targets at 1.1667 and 1.1791 in extension.
Technical reasons why: The pair continues to move up as reaching our bullish target at 1.1570 above the Ichimoku’s cloud. The RSI reached the overbought zone.
Alternative Scenario: Below 1.1570 look for further downside towards 1.1500 and 1.1401.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.1500 | 1.1570 | 1.1791 |
| 1.1401 | 1.1667 |
