Jiming Huang / Blog
Pivot (invalidation): 0.6995 Our preference Short positions below 0.6995 with targets at 0.6960 & 0.6945 in extension. Alternative scenario Above 0.6995 look for further upside with 0.7010 & 0.7025 as targets...
Pivot (invalidation): 1.3460 Our preference Long positions above 1.3460 with targets at 1.3495 & 1.3510 in extension. Alternative scenario Below 1.3460 look for further downside with 1.3445 & 1.3425 as targets...
Pivot (invalidation): 1.0190 Our preference Long positions above 1.0190 with targets at 1.0225 & 1.0245 in extension. Alternative scenario Below 1.0190 look for further downside with 1.0165 & 1.0145 as targets...
Pivot (invalidation): 110.20 Our preference Short positions below 110.20 with targets at 109.70 & 109.35 in extension. Alternative scenario Above 110.20 look for further upside with 110.40 & 110.55 as targets...
Pivot (invalidation): 1.3030 Our preference Short positions below 1.3030 with targets at 1.2985 & 1.2970 in extension. Alternative scenario Above 1.3030 look for further upside with 1.3060 & 1.3080 as targets...
Pivot (invalidation): 1.1200 Our preference Short positions below 1.1200 with targets at 1.1180 & 1.1170 in extension. Alternative scenario Above 1.1200 look for further upside with 1.1215 & 1.1225 as targets...
US – China trade negotiations initiated in January 2019 are resuming tomorrow although both nations remain divided on major topics. Even if 90% of the trade pact is accepted, sticking points remain when it comes to subsidies, technology transfer, data protection and cloud technology access...
Following the Reserve Bank of New Zealand’s decision to cut the Official Cash Rate to record low 1.50%, the Kiwi tumbled to a fresh multi-month low during the Asian session with NZD/USD hitting 0.6527, down 1.18% on the day...
Pivot (invalidation): 61.15 Our preference Long positions above 61.15 with targets at 62.50 & 62.95 in extension. Alternative scenario Below 61.15 look for further downside with 60.65 & 60.05 as targets...