Jiming Huang / Blog
Pivot (invalidation): 7.0570 Our preference Long positions above 7.0570 with targets at 7.1000 & 7.1250 in extension. Alternative scenario...
Pivot (invalidation): 1.4015 Our preference Long positions above 1.4015 with targets at 1.4095 & 1.4130 in extension. Alternative scenario...
Pivot (invalidation): 0.9705 Our preference Long positions above 0.9705 with targets at 0.9735 & 0.9765 in extension. Alternative scenario...
Pivot (invalidation): 106.50 Our preference Short positions below 106.50 with targets at 106.15 & 106.00 in extension. Alternative scenario...
Pivot (invalidation): 1.2455 Our preference Short positions below 1.2455 with targets at 1.2425 & 1.2400 in extension. Alternative scenario...
Pivot (invalidation): 1.0855 Our preference Short positions below 1.0855 with targets at 1.0825 & 1.0805 in extension. Alternative scenario...
The Swiss consumer prices have certainly retreated 0.8% y-o-y in April, as a result of a broad shut down in shops and restaurants. The Swiss franc remains strong against the greenback, which shows signs of consolidation amid last week’s sell-off...
The European indices started the week with sharp losses; the DAX (-3.64%) and CAC 40%( -4.24%) were hammered on worries that the renewed tensions between the US and China would prevent the shattered global economy from recovering at a plausible speed...
Pivot (invalidation): 20.40 Our preference Long positions above 20.40 with targets at 23.20 & 24.00 in extension. Alternative scenario...