2/3/2015 15:30 EST update
EUR/USD 4-hour: Broke above the Ichimoku’s cloud.
Invest Diva positioning: Long positions above 1.1384 with targets at 1.1548 and 1.1784 in extension.
Technical reasons why: The pair broke above the Ichimoku’s cloud and the pivot level at 1.1384. The RSI reached the over-bought zone.
Alternative Scenario: Below 1.1384 look for further downside towards 1.1150 and 1.0995.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.1150 | 1.1384 | 1.1784 |
| 1.0995 | 1.1548 |
USD/CAD 4-hour: Entering the Ichimoku’s cloud.
Invest Diva positioning: Short positions below 1.2445 with targets at 1.2323 and 1.2090 in extension.
Technical reasons why: The pair is breaking below the pivot level at 1.2445 as entering the Ichimoku’s cloud. The RSI is below the neutrality area.
Alternative Scenario: Above 1.2445 look for further upside towards 1.2779 and 1.2970.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.2323 | 1.2445 | 1.2970 |
| 1.2090 | 1.2779 |
2/3/2015 8:30 EST update
AUD/USD 4-hour: Reached the target.
Invest Diva positioning: Short positions below 0.7700 with targets at 0.7457 and 0.7264 in extension.
Technical reasons why: The pair reached our first bearish target at 0.7700 belw the Ichimoku’s cloud. The RSI is at the over-sold zone.
Alternative Scenario: Above 0.7700 look for further upside towards 0.7879 and 0.8036.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7457 | 0.7700 | 0.8036 |
| 0.7264 | 0.7879 |
NZD/USD 4-hour: Broke below the previous bottom.
Invest Diva positioning: Short positions below 0.7220 with targets at 0.7007 and 0.6846 in extension.
Technical reasons why: The pair broke below the pivot level and the previous bottom level at 0.7220 below the Ichimoku’s cloud. The RSI moves below the neutrality area.
Alternative Scenario: Above 0.7220 look for further upside towards 0.7368 and 0.7608.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7007 | 0.7220 | 0.7608 |
| 0.6846 | 0.7368 |
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 is consolidating 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/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 testing the key support level and the lower boundary of the Ichimoku’s cloud at 117.29. A break below this level would signal further drops. The RSI is below 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 |
