Jiming Huang / Blog
Pivot (invalidation): 1.2700 Our preference Short positions below 1.2700 with targets at 1.2670 & 1.2660 in extension. Alternative scenario Above 1.2700 look for further upside with 1.2715 & 1.2730 as targets...
Pivot (invalidation): 1.1390 Our preference Short positions below 1.1390 with targets at 1.1350 & 1.1320 in extension. Alternative scenario Above 1.1390 look for further upside with 1.1410 & 1.1440 as targets...
As expected, the Reserve Bank of New Zealand has maintained its Cash Rate unchanged at 1.50% at its monetary policy meeting...
Fed Chairman Jerome Powell stated at since early May the economic outlook has become darker, underpinning the case of interest rates cut by the Fed in July. Mr. Powell said, "We do see that the risks to that outlook have increased...
Pivot (invalidation): 57.80 Our preference Long positions above 57.80 with targets at 59.70 & 60.50 in extension. Alternative scenario Below 57.80 look for further downside with 57.25 & 56.75 as targets...
Pivot (invalidation): 15.4000 Our preference Short positions below 15.4000 with targets at 15.1400 & 15.0400 in extension. Alternative scenario Above 15.4000 look for further upside with 15.5000 & 15.5600 as targets...
Pivot (invalidation): 1425.00 Our preference Short positions below 1425.00 with targets at 1402.00 & 1391.00 in extension. Alternative scenario Above 1425.00 look for further upside with 1439.00 & 1445.00 as targets...
Pivot (invalidation): 2935.00 Our preference Short positions below 2935.00 with targets at 2910.00 & 2895.00 in extension. Alternative scenario Above 2935.00 look for further upside with 2948.00 & 2963.00 as targets...
Pivot (invalidation): 12290.00 Our preference Short positions below 12290.00 with targets at 12180.00 & 12120.00 in extension. Alternative scenario Above 12290.00 look for further upside with 12337.00 & 12420.00 as targets...