EUR/USD 4-hour: Moving up.
Invest Diva positioning: Long positions above 1.0973 with targets at 1.1092 and 1.1239 in extension.
Technical reasons why: The pair broke above the pivot level at the 50% Fibonacci level above the Ichimoku’s cloud. The RSI is above the neutrality area.
Alternative Scenario: Below 1.0973 look for further downside with 1.0854 and 1.0613.
Where I’m setting my stops and limits:
Support Levels | Turning Point | Resistance Levels |
---|---|---|
1.0854 | 1.0973 | 1.1239 |
1.0613 | 1.1092 |
AUD/USD 4-hour: Failed to break above the key resistance level.
Invest Diva positioning: Long positions above 0.7904 with targets at 0.7985 and 0.8086 in extension.
Technical reasons why: The pair failed to break above the key resistance level at the 50% Fibonacci but is rebounding from the 38% Fibonacci level above the Ichimoku’s cloud. The RSI is above the neutrality area.
Alternative Scenario: Below 0.7823 look for further downside with 0.7722 and 0.7648.
Where I’m setting my stops and limits:
Support Levels | Turning Point | Resistance Levels |
---|---|---|
0.722 | 0.7904 | 0.8086 |
0.7648 | 0.7985 |
USD/CHF 4-hour: Continues to move down.
Invest Diva positioning: Short positions below 0.9691 with targets at 0.9425 and 0.9210 in extension.
Technical reasons why: The pair continues to move down towards to our first bearish target at the 38% Fibonacci level below the Ichimoku’s cloud. The RSI keeps below the neutrality area.
Alternative Scenario: Above 0.9691 look for further upside with 0.9990 and 1.0121.
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/JPY 4-hour: Reached the target.
Invest Diva positioning: Short positions below 119.14 with targets at 118.26 and 117.25 in extension.
Technical reasons why: The pair reached and surpassed our first bearish target at the 76% Fibonacci level as continuing to move down below the Ichimoku’s cloud. The RSI is at over-bought zone.
Alternative Scenario: Above 119.14 look for further upside with 119.62 and 120.13.
Where I’m setting my stops and limits:
Support Levels | Turning Point | Resistance Levels |
---|---|---|
118.26 | 119.14 | 120.13 |
117.25 | 119.62 |
![](https://investdiva.com/wp-content/uploads/2024/07/195507433_277762383857508_5258379056395561164_n.jpg)
#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.