Jiming Huang / Blog
The trend in USD/CAD has been quite dull since last month Fed meeting. The pair has remained within the range of 1.35 – 1.34 (+0.40% month-to-date) despite acceleration in trade war headlines...
On Wednesday morning, the Swiss franc and the Japanese yen were the only currency to gain ground against the greenback as investors fled from risky assets amid heightened tensions between the US and China. USD/CHF erased partially yesterday gains as it returned towards parity, down 0.20% to 1...
Pivot (invalidation): 59.10 Our preference Short positions below 59.10 with targets at 58.20 & 57.85 in extension. Alternative scenario Above 59.10 look for further upside with 59.55 & 59.90 as targets...
Pivot (invalidation): 14.4000 Our preference Short positions below 14.4000 with targets at 14.3100 & 14.2800 in extension. Alternative scenario Above 14.4000 look for further upside with 14.4600 & 14.5200 as targets...
Pivot (invalidation): 1276.00 Our preference Long positions above 1276.00 with targets at 1285.00 & 1287.00 in extension. Alternative scenario Below 1276.00 look for further downside with 1272.50 & 1269.00 as targets...
Pivot (invalidation): 2825.25 Our preference Short positions below 2825.25 with targets at 2791.00 & 2770.75 in extension. Alternative scenario Above 2825.25 look for further upside with 2840.00 & 2851.50 as targets...
Pivot (invalidation): 11990.00 Our preference Long positions above 11990.00 with targets at 12090.00 & 12130.00 in extension. Alternative scenario Below 11990.00 look for further downside with 11953.00 & 11930.00 as targets...
Pivot (invalidation): 6.0230 Our preference Long positions above 6.0230 with targets at 6.0540 & 6.0820 in extension. Alternative scenario Below 6.0230 look for further downside with 6.0030 & 5.9880 as targets...
Pivot (invalidation): 0.6910 Our preference Long positions above 0.6910 with targets at 0.6940 & 0.6955 in extension. Alternative scenario Below 0.6910 look for further downside with 0.6900 & 0.6890 as targets...