Jiming Huang / Blog
Pivot (invalidation): 7.3180 Our preference Long positions above 7.3180 with targets at 7.3650 & 7.4000 in extension. Alternative scenario Below 7.3180 look for further downside with 7.2790 & 7.2500 as targets...
Pivot (invalidation): 0.7160 Our preference Short positions below 0.7160 with targets at 0.7130 & 0.7115 in extension. Alternative scenario Above 0.7160 look for further upside with 0.7180 & 0.7190 as targets...
Pivot (invalidation): 1.3210 Our preference Long positions above 1.3210 with targets at 1.3240 & 1.3260 in extension. Alternative scenario Below 1.3210 look for further downside with 1.3190 & 1.3175 as targets...
Pivot (invalidation): 0.9115 Our preference Short positions below 0.9115 with targets at 0.9075 & 0.9060 in extension. Alternative scenario Above 0.9115 look for further upside with 0.9140 & 0.9160 as targets...
Pivot (invalidation): 106.75 Our preference Long positions above 106.75 with targets at 107.05 & 107.15 in extension. Alternative scenario Below 106.75 look for further downside with 106.55 & 106.40 as targets...
Pivot (invalidation): 1.3080 Our preference Short positions below 1.3080 with targets at 1.3040 & 1.3020 in extension. Alternative scenario Above 1.3080 look for further upside with 1.3100 & 1.3125 as targets...
Pivot (invalidation): 1.1825 Our preference Short positions below 1.1825 with targets at 1.1790 & 1.1775 in extension. Alternative scenario Above 1.1825 look for further upside with 1.1850 & 1.1865 as targets...
Elsewhere, the European July inflation figures are expected to print negative numbers in July despite business reopening and normalisation. The Australian unemployment rate rose to 7.5% in July, the highest since November 1998, as the number of unemployed skyrocketed from 15...
The downside correction in US technology stocks didn’t last long. Nasdaq rebounded more than 2% on Wednesday, and the S&P500 (+1.40%) traded above the all-time closing high completing a full circle to return to its pre-Covid levels. Apple (+3...