Jiming Huang / Blog
German manufacturing sector remains in recession territory since January 2019. The release of April manufacturing PMI of 44.4 is part of a downward trend that began last July and which is expected to last, as German factory orders signal a drop in industrial production for the coming quarter...
The Australian dollar stood amongst the best performers on Tuesday morning after investors have been wrong-footed by the Reserve Bank of Australia’s (RBA) monetary policy decision. Indeed, Governor Lowe acted contrary to the expectations by maintaining the Official Cash Rate at record low 1...
Pivot (invalidation): 61.80 Our preference Long positions above 61.80 with targets at 62.95 & 63.35 in extension. Alternative scenario Below 61.80 look for further downside with 61.10 & 60.65 as targets...
Pivot (invalidation): 14.7900 Our preference Long positions above 14.7900 with targets at 15.0100 & 15.1100 in extension. Alternative scenario Below 14.7900 look for further downside with 14.7000 & 14.6200 as targets...
Pivot (invalidation): 1278.00 Our preference Long positions above 1278.00 with targets at 1287.00 & 1291.00 in extension. Alternative scenario Below 1278.00 look for further downside with 1275.00 & 1272.50 as targets...
Pivot (invalidation): 2947.50 Our preference Short positions below 2947.50 with targets at 2923.25 & 2914.75 in extension. Alternative scenario Above 2947.50 look for further upside with 2954.00 & 2960.00 as targets...
Pivot (invalidation): 12300.00 Our preference Short positions below 12300.00 with targets at 12230.00 & 12150.00 in extension. Alternative scenario Above 12300.00 look for further upside with 12335.00 & 12380.00 as targets...
Pivot (invalidation): 6.0390 Our preference Long positions above 6.0390 with targets at 6.1175 & 6.1500 in extension. Alternative scenario Below 6.0390 look for further downside with 6.0030 & 5.9775 as targets...
Pivot (invalidation): 0.6980 Our preference Long positions above 0.6980 with targets at 0.7005 & 0.7025 in extension. Alternative scenario Below 0.6980 look for further downside with 0.6960 & 0.6945 as targets...