Jiming Huang / Blog
Pivot (invalidation): 111.35 Our preference Long positions above 111.35 with targets at 111.70 & 111.90 in extension. Alternative scenario Below 111.35 look for further downside with 111.20 & 111.00 as targets...
Pivot (invalidation): 1.3075 Our preference Short positions below 1.3075 with targets at 1.3030 & 1.3000 in extension. Alternative scenario Above 1.3075 look for further upside with 1.3100 & 1.3120 as targets...
Pivot (invalidation): 1.1220 Our preference Short positions below 1.1220 with targets at 1.1185 & 1.1175 in extension. Alternative scenario Above 1.1220 look for further upside with 1.1240 & 1.1260 as targets...
After losing as much as 1 % against the greenback following the Bank of Canada (BoC) meeting, the loonie has been retracing back, bouncing by 0.70%. Yet major questions arise as both today’s FOMC rate decision as well as Canadian manufacturing PMI come into play...
It is going to be a very a slow day as most markets are closed for Labour Day. Only Australia, New Zealand, Denmark, Israel, the United Kingdom and the US are open for trading today...
Pivot (invalidation): 63.95 Our preference Short positions below 63.95 with targets at 62.75 & 62.25 in extension. Alternative scenario Above 63.95 look for further upside with 64.35 & 64.70 as targets...
Pivot (invalidation): 14.9800 Our preference Short positions below 14.9800 with targets at 14.8400 & 14.7900 in extension. Alternative scenario Above 14.9800 look for further upside with 15.0300 & 15.0800 as targets...
Pivot (invalidation): 1284.50 Our preference Short positions below 1284.50 with targets at 1278.00 & 1274.00 in extension. Alternative scenario Above 1284.50 look for further upside with 1286.50 & 1288.50 as targets...
Pivot (invalidation): 2937.00 Our preference Long positions above 2937.00 with targets at 2953.50 & 2960.50 in extension. Alternative scenario Below 2937.00 look for further downside with 2929.25 & 2925.25 as targets...