Jiming Huang / Blog
Optimism over the reelection of PM Narendra Modi business-friendly policies for a second five-year term and a rebound of manufacturing PMI at 3-months high have given INR a big push in the past few days...
EURCHF dropped sharply to 1.11197 low, breaking below key technical support levels. Trades will have to go back to 2017 to find new levels. With political risk premia rising in Europe, participants are rotating into the closest safe-haven trade...
Pivot (invalidation): 54.00 Our preference Short positions below 54.00 with targets at 52.10 & 51.60 in extension. Alternative scenario Above 54.00 look for further upside with 54.70 & 55.60 as targets...
Pivot (invalidation): 14.5500 Our preference Long positions above 14.5500 with targets at 14.7300 & 14.8100 in extension. Alternative scenario Below 14.5500 look for further downside with 14.4700 & 14.4200 as targets...
Pivot (invalidation): 1303.00 Our preference Long positions above 1303.00 with targets at 1318.00 & 1324.50 in extension. Alternative scenario Below 1303.00 look for further downside with 1299.00 & 1295.50 as targets...
Pivot (invalidation): 2768.25 Our preference Short positions below 2768.25 with targets at 2735.75 & 2723.50 in extension. Alternative scenario Above 2768.25 look for further upside with 2781.65 & 2801.00 as targets...
Pivot (invalidation): 11800.00 Our preference Short positions below 11800.00 with targets at 11590.00 & 11520.00 in extension. Alternative scenario Above 11800.00 look for further upside with 11860.00 & 11920.00 as targets...
Pivot (invalidation): 5.8750 Our preference Short positions below 5.8750 with targets at 5.8190 & 5.8000 in extension. Alternative scenario Above 5.8750 look for further upside with 5.9200 & 5.9600 as targets...
Pivot (invalidation): 0.6925 Our preference Long positions above 0.6925 with targets at 0.6970 & 0.7000 in extension. Alternative scenario Below 0.6925 look for further downside with 0.6900 & 0.6880 as targets...