Jiming Huang / Blog
Pivot (invalidation): 1.2480 Our preference Short positions below 1.2480 with targets at 1.2420 & 1.2390 in extension. Alternative scenario...
Pivot (invalidation): 1.0885 Our preference Short positions below 1.0885 with targets at 1.0840 & 1.0815 in extension. Alternative scenario...
Moving to the economic calendar, Australia printed its highest quarterly inflation in five years. Consumer prices in Australia rose 2.2% in the first quarter of 2020 as wildfires and early effects of coronavirus outbreak led to a significant jump in food prices...
Major US stock indices closed slightly lower on Tuesday following a turbulent session, as technology stocks led losses with Nasdaq down by 1.40...
Pivot (invalidation): 12.60 Our preference Long positions above 12.60 with targets at 14.80 & 15.65 in extension. Alternative scenario...
Pivot (invalidation): 1701.00 Our preference Long positions above 1701.00 with targets at 1714.50 & 1723.00 in extension. Alternative scenario...
Pivot (invalidation): 15.0300 Our preference Long positions above 15.0300 with targets at 15.3300 & 15.4400 in extension. Alternative scenario...
Pivot (invalidation): 2840.00 Our preference Long positions above 2840.00 with targets at 2921.00 & 2971.00 in extension. Alternative scenario...
Pivot (invalidation): 10630.00 Our preference Long positions above 10630.00 with targets at 10900.00 & 11000.00 in extension. Alternative scenario...