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Following the Reserve Bank of New Zealand’s decision to cut the Official Cash Rate to record low 1.50%, the Kiwi tumbled to a fresh multi-month low during the Asian session with NZD/USD hitting 0.6527, down 1.18% on the day...
Market News
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Jiming Huang, 8 May 2019, 13:20
Pivot (invalidation): 61.15 Our preference Long positions above 61.15 with targets at 62.50 & 62.95 in extension. Alternative scenario Below 61.15 look for further downside with 60.65 & 60.05 as targets...
Analytics & Forecasts
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  • 1
Jiming Huang, 8 May 2019, 09:21
Pivot (invalidation): 14.8000 Our preference Long positions above 14.8000 with targets at 14.9700 & 15.0700 in extension. Alternative scenario Below 14.8000 look for further downside with 14.7300 & 14.6400 as targets...
Analytics & Forecasts
  • 52
Jiming Huang, 8 May 2019, 09:19
Pivot (invalidation): 1281.50 Our preference Long positions above 1281.50 with targets at 1288.50 & 1291.00 in extension. Alternative scenario Below 1281.50 look for further downside with 1276.50 & 1272.50 as targets...
Analytics & Forecasts
  • 48
Jiming Huang, 8 May 2019, 09:18
Pivot (invalidation): 2894.00 Our preference Short positions below 2894.00 with targets at 2870.50 & 2862.25 in extension. Alternative scenario Above 2894.00 look for further upside with 2902.25 & 2913.00 as targets...
Analytics & Forecasts
  • 52
Jiming Huang, 8 May 2019, 09:16 #S&P 500
Pivot (invalidation): 12170.00 Our preference Short positions below 12170.00 with targets at 11990.00 & 11910.00 in extension. Alternative scenario Above 12170.00 look for further upside with 12254.00 & 12315.00 as targets...
Analytics & Forecasts
  • 57
Jiming Huang, 8 May 2019, 09:15 #dax
Pivot (invalidation): 6.1420 Our preference Long positions above 6.1420 with targets at 6.2000 & 6.2410 in extension. Alternative scenario Below 6.1420 look for further downside with 6.1160 & 6.0910 as targets...
Analytics & Forecasts
  • 44
Jiming Huang, 8 May 2019, 09:13
Pivot (invalidation): 0.7005 Our preference Long positions above 0.7005 with targets at 0.7030 & 0.7045 in extension. Alternative scenario Below 0.7005 look for further downside with 0.6995 & 0.6960 as targets...
Analytics & Forecasts
  • 52
Jiming Huang, 8 May 2019, 09:12
Pivot (invalidation): 1.3490 Our preference Short positions below 1.3490 with targets at 1.3445 & 1.3425 in extension. Alternative scenario Above 1.3490 look for further upside with 1.3515 & 1.3535 as targets...
Analytics & Forecasts
  • 47
Jiming Huang, 8 May 2019, 09:10 #usd/cad
Pivot (invalidation): 1.0210 Our preference Short positions below 1.0210 with targets at 1.0180 & 1.0160 in extension. Alternative scenario Above 1.0210 look for further upside with 1.0225 & 1.0245 as targets...
Analytics & Forecasts
  • 47
Jiming Huang, 8 May 2019, 09:08
Pivot (invalidation): 110.35 Our preference Short positions below 110.35 with targets at 109.80 & 109.50 in extension. Alternative scenario Above 110.35 look for further upside with 110.55 & 110.75 as targets...
Analytics & Forecasts
  • 53
Jiming Huang, 8 May 2019, 09:07 #usd/jpy
Pivot (invalidation): 1.3045 Our preference Long positions above 1.3045 with targets at 1.3100 & 1.3130 in extension. Alternative scenario Below 1.3045 look for further downside with 1.3015 & 1.2990 as targets...
Analytics & Forecasts
  • 56
Jiming Huang, 8 May 2019, 09:05 #GBP/USD
Pivot (invalidation): 1.1185 Our preference Long positions above 1.1185 with targets at 1.1220 & 1.1240 in extension. Alternative scenario Below 1.1185 look for further downside with 1.1170 & 1.1155 as targets...
Analytics & Forecasts
  • 50
Jiming Huang, 8 May 2019, 09:04 #EUR/USD
German manufacturing sector remains in recession territory since January 2019. The release of April manufacturing PMI of 44.4 is part of a downward trend that began last July and which is expected to last, as German factory orders signal a drop in industrial production for the coming quarter...
Market News
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Jiming Huang, 7 May 2019, 13:48
The Australian dollar stood amongst the best performers on Tuesday morning after investors have been wrong-footed by the Reserve Bank of Australia’s (RBA) monetary policy decision. Indeed, Governor Lowe acted contrary to the expectations by maintaining the Official Cash Rate at record low 1...
Market News
  • 58
Jiming Huang, 7 May 2019, 13:47
Pivot (invalidation): 61.80 Our preference Long positions above 61.80 with targets at 62.95 & 63.35 in extension. Alternative scenario Below 61.80 look for further downside with 61.10 & 60.65 as targets...
Analytics & Forecasts
  • 59
Jiming Huang, 7 May 2019, 10:33
Pivot (invalidation): 14.7900 Our preference Long positions above 14.7900 with targets at 15.0100 & 15.1100 in extension. Alternative scenario Below 14.7900 look for further downside with 14.7000 & 14.6200 as targets...
Analytics & Forecasts
  • 43
Jiming Huang, 7 May 2019, 10:32
Pivot (invalidation): 1278.00 Our preference Long positions above 1278.00 with targets at 1287.00 & 1291.00 in extension. Alternative scenario Below 1278.00 look for further downside with 1275.00 & 1272.50 as targets...
Analytics & Forecasts
  • 45
Jiming Huang, 7 May 2019, 10:30
Pivot (invalidation): 2947.50 Our preference Short positions below 2947.50 with targets at 2923.25 & 2914.75 in extension. Alternative scenario Above 2947.50 look for further upside with 2954.00 & 2960.00 as targets...
Analytics & Forecasts
  • 53
Jiming Huang, 7 May 2019, 10:29 #S&P 500
Pivot (invalidation): 12300.00 Our preference Short positions below 12300.00 with targets at 12230.00 & 12150.00 in extension. Alternative scenario Above 12300.00 look for further upside with 12335.00 & 12380.00 as targets...
Analytics & Forecasts
  • 60
Jiming Huang, 7 May 2019, 10:27 #dax