Jiming Huang / Blog
Pivot (invalidation): 0.6710 Our preference Long positions above 0.6710 with targets at 0.6730 & 0.6740 in extension. Alternative scenario...
Pivot (invalidation): 1.3255 Our preference Short positions below 1.3255 with targets at 1.3230 & 1.3215 in extension. Alternative scenario...
Pivot (invalidation): 0.9805 Our preference Long positions above 0.9805 with targets at 0.9835 & 0.9845 in extension. Alternative scenario...
Pivot (invalidation): 109.70 Our preference Long positions above 109.70 with targets at 109.90 & 110.00 in extension. Alternative scenario...
Pivot (invalidation): 1.0825 Our preference Long positions above 1.0825 with targets at 1.0850 & 1.0860 in extension. Alternative scenario...
Pivot (invalidation): 1.3025 Our preference Long positions above 1.3025 with targets at 1.3065 & 1.3085 in extension. Alternative scenario...
The euro tanked to 1.0838 against the US dollar. Trend and momentum indicators remain comfortably negative, but the relative strength index (at 21.75%) warns that the single currency may have been sold too fast in a too short period of time and it could soon be time for an upside correction...
The US equities swung between hope and despair, but the three major indices closed lower on Thursday. Worries that the coronavirus cases may have spiked added to the New York Fed’s announcement that it will further curb repo operations. Asian stocks were mixed. Nikkei (-0.59%) and Topix (-0...
Pivot (invalidation): 51.10 Our preference Long positions above 51.10 with targets at 51.95 & 52.25 in extension. Alternative scenario...