Jiming Huang / Blog
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): 5.7850 Our preference Short positions below 5.7850 with targets at 5.7440 & 5.7180 in extension. Alternative scenario Above 5.7850 look for further upside with 5.8200 & 5.8520 as targets...
Pivot (invalidation): 0.6915 Our preference Long positions above 0.6915 with targets at 0.6940 & 0.6955 in extension. Alternative scenario Below 0.6915 look for further downside with 0.6900 & 0.6885 as targets...
Pivot (invalidation): 1.3200 Our preference Short positions below 1.3200 with targets at 1.3145 & 1.3110 in extension. Alternative scenario Above 1.3200 look for further upside with 1.3220 & 1.3245 as targets...
Pivot (invalidation): 0.9845 Our preference Short positions below 0.9845 with targets at 0.9790 & 0.9760 in extension. Alternative scenario Above 0.9845 look for further upside with 0.9870 & 0.9895 as targets...
Pivot (invalidation): 107.40 Our preference Short positions below 107.40 with targets at 107.00 & 106.70 in extension. Alternative scenario Above 107.40 look for further upside with 107.60 & 107.85 as targets...
Pivot (invalidation): 1.2695 Our preference Long positions above 1.2695 with targets at 1.2730 & 1.2760 in extension. Alternative scenario Below 1.2695 look for further downside with 1.2670 & 1.2635 as targets...
Pivot (invalidation): 1.1285 Our preference Long positions above 1.1285 with targets at 1.1320 & 1.1340 in extension. Alternative scenario Below 1.1285 look for further downside with 1.1270 & 1.1250 as targets...
Investors took a closer look at the US central bank's statement, confirming that rate cuts are possible solutions in order to sustain expansion...