Jiming Huang / Blog
Pivot (invalidation): 0.9190 Our preference Short positions below 0.9190 with targets at 0.9160 & 0.9150 in extension. Alternative scenario Above 0.9190 look for further upside with 0.9210 & 0.9230 as targets...
Pivot (invalidation): 1.3385 Our preference Short positions below 1.3385 with targets at 1.3355 & 1.3340 in extension. Alternative scenario Above 1.3385 look for further upside with 1.3405 & 1.3430 as targets...
Pivot (invalidation): 104.90 Our preference Long positions above 104.90 with targets at 105.25 & 105.45 in extension. Alternative scenario Below 104.90 look for further downside with 104.65 & 104.40 as targets...
Pivot (invalidation): 1.2950 Our preference Short positions below 1.2950 with targets at 1.2900 & 1.2860 in extension. Alternative scenario Above 1.2950 look for further upside with 1.2985 & 1.3015 as targets...
Pivot (invalidation): 1.1710 Our preference Long positions above 1.1710 with targets at 1.1740 & 1.1770 in extension. Alternative scenario Below 1.1710 look for further downside with 1.1695 & 1.1680 as targets...
or now, the skyrocketing US debt and escalating US-China tensions sent the US dollar to a 22-month low. The EURUSD extended gains to 1.1781 and the GBPUSD traded past the 1.29 mark for the first time in almost five months. The surge in both pairs is mostly driven by a broadly weaker US dollar...
US stocks kicked off the week on a positive note, even though the sentiment in European markets remained fragile. The GOP’s 1 trillion-dollar new fiscal stimulus plan helped boosting sentiment in the New York trading session...
Pivot (invalidation): 41.45 Our preference Long positions above 41.45 with targets at 41.90 & 42.10 in extension. Alternative scenario Below 41.45 look for further downside with 41.25 & 41.00 as targets...
Pivot (invalidation): 25.4500 Our preference Short positions below 25.4500 with targets at 23.9500 & 23.2500 in extension. Alternative scenario Above 25.4500 look for further upside with 26.2000 & 26.8000 as targets...