Jiming Huang / Blog
Pivot (invalidation): 5.5000 Our preference Short positions below 5.5000 with targets at 5.4680 & 5.4500 in extension. Alternative scenario Above 5.5000 look for further upside with 5.5170 & 5.5320 as targets...
Pivot (invalidation): 0.6745 Our preference Long positions above 0.6745 with targets at 0.6800 & 0.6820 in extension. Alternative scenario Below 0.6745 look for further downside with 0.6720 & 0.6700 as targets...
Pivot (invalidation): 1.3315 Our preference Short positions below 1.3315 with targets at 1.3265 & 1.3235 in extension. Alternative scenario Above 1.3315 look for further upside with 1.3340 & 1.3360 as targets...
Pivot (invalidation): 0.9725 Our preference Long positions above 0.9725 with targets at 0.9770 & 0.9795 in extension. Alternative scenario Below 0.9725 look for further downside with 0.9695 & 0.9655 as targets...
Pivot (invalidation): 105.90 Our preference Long positions above 105.90 with targets at 106.60 & 107.00 in extension. Alternative scenario Below 105.90 look for further downside with 105.45 & 105.05 as targets...
Pivot (invalidation): 1.2150 Our preference Long positions above 1.2150 with targets at 1.2190 & 1.2210 in extension. Alternative scenario Below 1.2150 look for further downside with 1.2135 & 1.2120 as targets...
Pivot (invalidation): 1.1235 Our preference Short positions below 1.1235 with targets at 1.1180 & 1.1155 in extension. Alternative scenario Above 1.1235 look for further upside with 1.1265 & 1.1285 as targets...
The New Zealand dollar tumbled more than 1.8% during the Asian session amid a bigger-than-expected rate cut from the Reserve Bank of New Zealand. The Kiwi fell as much as 180pips to 0...
Speculation is now a fact: the Swiss National Bank is actively intervening on the market since mid-July to stabilize the currency...