Jiming Huang / Blog
Pivot (invalidation): 1.3525 Our preference Long positions above 1.3525 with targets at 1.3570 & 1.3590 in extension. Alternative scenario Below 1.3525 look for further downside with 1.3505 & 1.3485 as targets...
Pivot (invalidation): 0.9455 Our preference Short positions below 0.9455 with targets at 0.9425 & 0.9415 in extension. Alternative scenario Above 0.9455 look for further upside with 0.9470 & 0.9495 as targets...
Pivot (invalidation): 106.35 Our preference Long positions above 106.35 with targets at 106.70 & 106.85 in extension. Alternative scenario Below 106.35 look for further downside with 106.20 & 106.05 as targets...
Pivot (invalidation): 1.2535 Our preference Short positions below 1.2535 with targets at 1.2495 & 1.2470 in extension. Alternative scenario Above 1.2535 look for further upside with 1.2560 & 1.2585 as targets...
Pivot (invalidation): 1.1345 Our preference Short positions below 1.1345 with targets at 1.1300 & 1.1280 in extension. Alternative scenario Above 1.1345 look for further upside with 1.1375 & 1.1400 as targets...
The EURUSD rebounded a touch above 1.1160, the critical Fibonacci support, and extended gains to 1.1280 in Asia. Technically, the pair remains in the mid-term bullish trend above this level. Cable tested the 1.25 offers after having dipped at 1.2335 on Monday...
There is not much happening in the markets. News that new coronavirus cases continue surging, especially in South America, continues to be a cause for concern, which firms demand in technology stocks. There is decreased appetite for cyclical sectors, such as financials and energy...
Pivot (invalidation): 41.25 Our preference Short positions below 41.25 with targets at 39.40 & 38.80 in extension. Alternative scenario Above 41.25 look for further upside with 41.75 & 42.40 as targets...
Pivot (invalidation): 17.6400 Our preference Long positions above 17.6400 with targets at 17.8800 & 18.0300 in extension. Alternative scenario Below 17.6400 look for further downside with 17.5400 & 17.4300 as targets...