Jiming Huang / Blog
Pivot (invalidation): 12400.00 Our preference Short positions below 12400.00 with targets at 12270.00 & 12200.00 in extension. Alternative scenario Above 12400.00 look for further upside with 12450.00 & 12490.00 as targets...
Pivot (invalidation): 5.6440 Our preference Long positions above 5.6440 with targets at 5.7170 & 5.7400 in extension. Alternative scenario Below 5.6440 look for further downside with 5.6190 & 5.5880 as targets...
Pivot (invalidation): 0.6970 Our preference Long positions above 0.6970 with targets at 0.7000 & 0.7015 in extension. Alternative scenario Below 0.6970 look for further downside with 0.6955 & 0.6940 as targets...
Pivot (invalidation): 1.3060 Our preference Short positions below 1.3060 with targets at 1.3030 & 1.3000 in extension. Alternative scenario Above 1.3060 look for further upside with 1.3075 & 1.3090 as targets...
Pivot (invalidation): 0.9875 Our preference Long positions above 0.9875 with targets at 0.9910 & 0.9925 in extension. Alternative scenario Below 0.9875 look for further downside with 0.9860 & 0.9840 as targets...
Pivot (invalidation): 108.20 Our preference Long positions above 108.20 with targets at 108.60 & 108.75 in extension. Alternative scenario Below 108.20 look for further downside with 108.00 & 107.85 as targets...
Pivot (invalidation): 1.2520 Our preference Long positions above 1.2520 with targets at 1.2555 & 1.2570 in extension. Alternative scenario Below 1.2520 look for further downside with 1.2505 & 1.2490 as targets...
Pivot (invalidation): 1.1245 Our preference Long positions above 1.1245 with targets at 1.1285 & 1.1300 in extension. Alternative scenario Below 1.1245 look for further downside with 1.1230 & 1.1215 as targets...
Markets have become more confident that the Fed should cut its Funds Rate by a quarter of a percentage at its July meeting, giving commodity currencies a boost for a second straight session...