Jiming Huang / Blog
Pivot (invalidation): 1.1275 Our preference Short positions below 1.1275 with targets at 1.1220 & 1.1190 in extension. Alternative scenario Above 1.1275 look for further upside with 1.1300 & 1.1325 as targets...
In the currencies market, the US dollar edges lower. In the dearth of important economic data and event, the EURUSD looks set for further gains. Due later this morning, the latest Ifo survey will likely confirm an improved business sentiment in Germany...
Mounting anxiety that the second wave contagion would dent the pace of business reopening and the massive fiscal, monetary stimuli are a sweet blend for technology stocks. Nasdaq (+0...
Pivot (invalidation): 40.65 Our preference Short positions below 40.65 with targets at 39.75 & 39.00 in extension. Alternative scenario Above 40.65 look for further upside with 41.20 & 41.65 as targets...
Pivot (invalidation): 17.7700 Our preference Long positions above 17.7700 with targets at 18.0700 & 18.1600 in extension. Alternative scenario Below 17.7700 look for further downside with 17.6400 & 17.5300 as targets...
Pivot (invalidation): 1760.00 Our preference Long positions above 1760.00 with targets at 1777.00 & 1787.00 in extension. Alternative scenario Below 1760.00 look for further downside with 1752.00 & 1745.00 as targets...
Pivot (invalidation): 3154.00 Our preference Short positions below 3154.00 with targets at 3077.00 & 3017.00 in extension. Alternative scenario Above 3154.00 look for further upside with 3184.00 & 3220.00 as targets...
Pivot (invalidation): 12330.00 Our preference Long positions above 12330.00 with targets at 12616.00 & 12760.00 in extension. Alternative scenario Below 12330.00 look for further downside with 12157.00 & 12040.00 as targets...
Pivot (invalidation): 6.8350 Our preference Long positions above 6.8350 with targets at 6.8580 & 6.8720 in extension. Alternative scenario Below 6.8350 look for further downside with 6.8250 & 6.8140 as targets...