Jiming Huang / Blog
Pivot (invalidation): 12268.00 Our preference Long positions above 12268.00 with targets at 12590.00 & 12800.00 in extension. Alternative scenario Below 12268.00 look for further downside with 12133.00 & 12020.00 as targets...
Pivot (invalidation): 6.7350 Our preference Long positions above 6.7350 with targets at 6.7670 & 6.7930 in extension. Alternative scenario Below 6.7350 look for further downside with 6.7170 & 6.6930 as targets...
Pivot (invalidation): 0.6915 Our preference Long positions above 0.6915 with targets at 0.6985 & 0.7025 in extension. Alternative scenario Below 0.6915 look for further downside with 0.6880 & 0.6850 as targets...
Pivot (invalidation): 1.3535 Our preference Short positions below 1.3535 with targets at 1.3465 & 1.3430 in extension. Alternative scenario Above 1.3535 look for further upside with 1.3570 & 1.3600 as targets...
Pivot (invalidation): 0.9575 Our preference Short positions below 0.9575 with targets at 0.9540 & 0.9520 in extension. Alternative scenario Above 0.9575 look for further upside with 0.9600 & 0.9620 as targets...
Pivot (invalidation): 108.85 Our preference Long positions above 108.85 with targets at 109.35 & 109.60 in extension. Alternative scenario Below 108.85 look for further downside with 108.65 & 108.45 as targets...
Pivot (invalidation): 1.1300 Our preference Long positions above 1.1300 with targets at 1.1360 & 1.1390 in extension. Alternative scenario Below 1.1300 look for further downside with 1.1270 & 1.1215 as targets...
Pivot (invalidation): 1.2565 Our preference Long positions above 1.2565 with targets at 1.2630 & 1.2660 in extension. Alternative scenario Below 1.2565 look for further downside with 1.2530 & 1.2500 as targets...
In the currency markets, the US dollar is better bid against its major counterparts. The latest US dollar rebound is more of a correction of past week’s sharp losses than a trade for safety. The EURUSD consolidates gains above the 1...