Jiming Huang / Blog
The global risk-on sentiment from last week has given the kiwi a strong boost following a drag amid geopolitical developments in the Gulf of Oman and the announcement made by China to raise anti-dumping duties on seamless alloy steel tubes...
USD/CHF has completely collapsed last week as it fell as much as 2.60%, sliding from 1.0015 to 0.9755, following the Jerome Powell’s dovish performance during the last FOMC press conference...
Pivot (invalidation): 57.05 Our preference Long positions above 57.05 with targets at 58.50 & 59.20 in extension. Alternative scenario Below 57.05 look for further downside with 56.60 & 56.10 as targets...
Pivot (invalidation): 15.2200 Our preference Long positions above 15.2200 with targets at 15.5500 & 15.6600 in extension. Alternative scenario Below 15.2200 look for further downside with 15.1200 & 15.0500 as targets...
Pivot (invalidation): 1393.00 Our preference Long positions above 1393.00 with targets at 1419.00 & 1430.00 in extension. Alternative scenario Below 1393.00 look for further downside with 1382.50 & 1377.00 as targets...
Pivot (invalidation): 2930.00 Our preference Long positions above 2930.00 with targets at 2973.00 & 2990.00 in extension. Alternative scenario Below 2930.00 look for further downside with 2910.00 & 2897.00 as targets...
Pivot (invalidation): 12440.00 Our preference Short positions below 12440.00 with targets at 12300.00 & 12220.00 in extension. Alternative scenario Above 12440.00 look for further upside with 12540.00 & 12610.00 as targets...
Pivot (invalidation): 5.7930 Our preference Short positions below 5.7930 with targets at 5.7230 & 5.7000 in extension. Alternative scenario Above 5.7930 look for further upside with 5.8380 & 5.8850 as targets...
Pivot (invalidation): 0.6925 Our preference Long positions above 0.6925 with targets at 0.6975 & 0.7000 in extension. Alternative scenario Below 0.6925 look for further downside with 0.6905 & 0.6885 as targets...