2/4/2015 15:30 EST update
AUD/USD 4-hour: Consolidating above the previous bottom level.
Invest Diva positioning: No positions.
Technical reasons why: While the pair is on an overall downtrend, it rebounded from the previous bottom level and consolidating below the next bullish target and 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 |
|---|---|---|
| 0.7457 | 0.7661 | 0.8036 |
| 0.7264 | 0.7879 |
USD/JPY 4-hour: Testing key support level.
Invest Diva positioning: Short positions below 117.29 with targets at 113.66 and 116.05 in extension.
Technical reasons why: The pair is strongly blocked by the key suport level at 117.29 below the Ichimoku’s cloud. The RSI is now heading down from the neutrality area.
Alternative Scenario: Above 118.79 look for further upside towards 120.62 and 121.83.
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 |
2/4/2015 8:30 EST update
GBP/USD 4-hour: Reached the target.
Invest Diva positioning: Long positions above 1.5150 with targets at 1.5271 and 1.5466 in extension.
Technical reasons why: The pair reached our first bullish target at 1.5150 after breaking above the Ichimoku’s cloud. The RSI reached the over-bpught zone.
Alternative Scenario: Below 1.5150 look for further downside towards 1.4954 and 1.4846.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.4954 | 1.5150 | 1.5466 |
| 1.4846 | 1.5271 |
NZD/USD 4-hour: Failed to break below the previous bottom.
Invest Diva positioning: No positions.
Technical reasons why: The pair reached our first bullish target at 0.7368 and is entering the Ichimoku’s cloud after failing to break below the previous bottom level, which could be an anticipated consolidation. The RSI is above the neutrality area.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7220 | 0.7460 | 0.7699 |
| 0.7007 | 0.7368 | 0.7608 |
USD/CHF 4-hour: Consolidating 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 continues to consolidate above the pivot level at 0.9241 after breaking above the thick Ichimoku’s cloud. The RSI is above the neutrality area.
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/CAD 4-hour: Entered the Ichimoku’s cloud.
Invest Diva positioning: No position.
Technical reasons why: The pair entered the Ichimoku’s cloud and could be consolidating for a while. The RSI is flat below the neutrality area.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.2090 | 1.2445 | 1.2779 |
| 1.1880 | 1.2323 | 1.2630 |
