Jiming Huang / Blog
Equities in Asia kicked off the week on a mixed note. Nikkei (-0.63%) fell as the data showed the Japanese economy contracted 7.8% in the second quarter and 27.8% on annualized basis, the worst figures on record, as the pandemic took a heavy toll on consumption, capital expenditure and exports...
Pivot (invalidation): 42.05 Our preference Long positions above 42.05 with targets at 42.55 & 42.90 in extension. Alternative scenario Below 42.05 look for further downside with 41.85 & 41.65 as targets...
Pivot (invalidation): 26.8000 Our preference Short positions below 26.8000 with targets at 25.7000 & 24.9000 in extension. Alternative scenario Above 26.8000 look for further upside with 27.7000 & 28.2500 as targets...
Pivot (invalidation): 1956.00 Our preference Short positions below 1956.00 with targets at 1920.00 & 1906.00 in extension. Alternative scenario Above 1956.00 look for further upside with 1966.00 & 1983.00 as targets...
Pivot (invalidation): 3378.00 Our preference Short positions below 3378.00 with targets at 3350.00 & 3327.00 in extension. Alternative scenario Above 3378.00 look for further upside with 3400.00 & 3415.00 as targets...
Pivot (invalidation): 12955.00 Our preference Short positions below 12955.00 with targets at 12800.00 & 12730.00 in extension. Alternative scenario Above 12955.00 look for further upside with 13040.00 & 13100.00 as targets...
Pivot (invalidation): 7.3490 Our preference Long positions above 7.3490 with targets at 7.3850 & 7.4000 in extension. Alternative scenario Below 7.3490 look for further downside with 7.3180 & 7.2970 as targets...
Pivot (invalidation): 0.7165 Our preference Long positions above 0.7165 with targets at 0.7200 & 0.7215 in extension. Alternative scenario Below 0.7165 look for further downside with 0.7145 & 0.7130 as targets...
USD/CAD Key resistance at 1.3270. Pivot (invalidation): 1.3270 Our preference Short positions below 1.3270 with targets at 1.3230 & 1.3205 in extension. Alternative scenario...