Jiming Huang / Blog
Pivot (invalidation): 13230.00 Our preference Long positions above 13230.00 with targets at 13330.00 & 13390.00 in extension. Alternative scenario...
Pivot (invalidation): 5.7390 Our preference Long positions above 5.7390 with targets at 5.7700 & 5.7810 in extension. Alternative scenario...
Pivot (invalidation): 0.6895 Our preference Short positions below 0.6895 with targets at 0.6870 & 0.6860 in extension. Alternative scenario...
Pivot (invalidation): 1.3165 Our preference Long positions above 1.3165 with targets at 1.3200 & 1.3210 in extension. Alternative scenario...
Pivot (invalidation): 0.9935 Our preference Long positions above 0.9935 with targets at 0.9955 & 0.9975 in extension. Alternative scenario...
Pivot (invalidation): 109.10 Our preference Long positions above 109.10 with targets at 109.35 & 109.50 in extension. Alternative scenario...
Pivot (invalidation): 1.2835 Our preference Short positions below 1.2835 with targets at 1.2790 & 1.2775 in extension. Alternative scenario...
Pivot (invalidation): 1.1065 Our preference Short positions below 1.1065 with targets at 1.1035 & 1.1020 in extension. Alternative scenario...
The move is surprising, yet it seems that the latest rumors confirming that a Sino-American interim deal should not be signed until December does not turn in favor of the greenback and maintains the yuan in advance as market participants decide to take profits on long USD positions...