Jiming Huang / Blog
Pivot (invalidation): 1.1750 Our preference Long positions above 1.1750 with targets at 1.1805 & 1.1830 in extension. Alternative scenario Below 1.1750 look for further downside with 1.1720 & 1.1700 as targets...
In the FX, with dollar steadying, the major pairs that have been sent to overbought territories have started retracing a part of their latest gains. The EURUSD tested the 1.17 support on Tuesday and a deeper downside correction could drag the pair towards 1...
Asian trading session lacked a clear direction, after mixed European and bearish US trading. Chinese stocks (+1.05%) rose following a soft start, while Japanese equities (-1.02%) edged lower as Fitch revised the country’s sovereign debt rating outlook from stable to negative...
Pivot (invalidation): 41.35 Our preference Short positions below 41.35 with targets at 40.85 & 40.50 in extension. Alternative scenario Above 41.35 look for further upside with 41.60 & 41.90 as targets...
Pivot (invalidation): 23.9000 Our preference Long positions above 23.9000 with targets at 24.6500 & 25.1400 in extension. Alternative scenario Below 23.9000 look for further downside with 23.5500 & 23.1000 as targets...
Pivot (invalidation): 1945.00 Our preference Long positions above 1945.00 with targets at 1966.00 & 1981.00 in extension. Alternative scenario Below 1945.00 look for further downside with 1934.00 & 1923.00 as targets...
Pivot (invalidation): 3243.00 Our preference Short positions below 3243.00 with targets at 3198.00 & 3173.00 in extension. Alternative scenario Above 3243.00 look for further upside with 3254.00 & 3277.00 as targets...
Pivot (invalidation): 12925.00 Our preference Short positions below 12925.00 with targets at 12750.00 & 12690.00 in extension. Alternative scenario Above 12925.00 look for further upside with 13067.00 & 13215.00 as targets...
Pivot (invalidation): 6.9210 Our preference Long positions above 6.9210 with targets at 6.9540 & 6.9780 in extension. Alternative scenario Below 6.9210 look for further downside with 6.9030 & 6.8850 as targets...