Jiming Huang / Blog
Pivot (invalidation): 1.1775 Our preference Long positions above 1.1775 with targets at 1.1835 & 1.1850 in extension. Alternative scenario Below 1.1775 look for further downside with 1.1760 & 1.1740 as targets...
The EURUSD fell to 1.1711 on the back of a sudden pop in the US dollar and has potential to extend losses toward the 1.1640 handle, the minor 23.6% retracement on March – August rebound. In the absence of major events in Europe and the US today, the pair should follow the dollar’s lead...
US stocks sold sharply into the closing bell on stalling fiscal stimulus discussions in the US. Broad profit taking on tech stocks sent Nasdaq 1...
Pivot (invalidation): 42.05 Our preference Short positions below 42.05 with targets at 41.50 & 41.15 in extension. Alternative scenario Above 42.05 look for further upside with 42.30 & 43.60 as targets...
Pivot (invalidation): 25.1500 Our preference Short positions below 25.1500 with targets at 23.4000 & 22.8000 in extension. Alternative scenario Above 25.1500 look for further upside with 25.9500 & 26.7500 as targets...
Pivot (invalidation): 1908.00 Our preference Short positions below 1908.00 with targets at 1860.00 & 1840.00 in extension. Alternative scenario Above 1908.00 look for further upside with 1929.00 & 1951.00 as targets...
Pivot (invalidation): 3363.00 Our preference Short positions below 3363.00 with targets at 3317.00 & 3285.00 in extension. Alternative scenario Above 3363.00 look for further upside with 3380.00 & 3415.00 as targets...
Pivot (invalidation): 12765.00 Our preference Long positions above 12765.00 with targets at 13040.00 & 13150.00 in extension. Alternative scenario Below 12765.00 look for further downside with 12630.00 & 12520.00 as targets...
Pivot (invalidation): 7.2790 Our preference Short positions below 7.2790 with targets at 7.1750 & 7.1120 in extension. Alternative scenario Above 7.2790 look for further upside with 7.3450 & 7.4000 as targets...