Jiming Huang / Blog
Pivot (invalidation): 1.1450 Our preference Long positions above 1.1450 with targets at 1.1535 & 1.1570 in extension. Alternative scenario Below 1.1450 look for further downside with 1.1410 & 1.1390 as targets...
2019 started with a cautious outlook. Outside the US-China trade tensions, worries centred on the effect of the US Federal Reserve tightening. Normalization came when risk appetite was shaky and valuations for stocks and bond were elevated...
We don’t see how GBP can maintain its strength. Too much uncertainty: GBP/USD is currently trading at 1.3112, approaching 1.3065 short-term. UK Prime Minister Theresa May says she’ll return to Brussels to convince the European Council to remove the Northern Ireland backstop. Yeah, right...
Pivot (invalidation): 53.05 Our preference Long positions above 53.05 with targets at 53.95 & 54.50 in extension. Alternative scenario Below 53.05 look for further downside with 52.60 & 52.20 as targets...
Pivot (invalidation): 15.7900 Our preference Long positions above 15.7900 with targets at 16.0500 & 16.1900 in extension. Alternative scenario Below 15.7900 look for further downside with 15.6900 & 15.5800 as targets...
Pivot (invalidation): 1308.00 Our preference Long positions above 1308.00 with targets at 1319.00 & 1323.00 in extension. Alternative scenario Below 1308.00 look for further downside with 1305.50 & 1302.00 as targets...
Pivot (invalidation): 2626.00 Our preference Long positions above 2626.00 with targets at 2661.50 & 2676.00 in extension. Alternative scenario Below 2626.00 look for further downside with 2613.00 & 2596.50 as targets...
Pivot (invalidation): 11155.00 Our preference Long positions above 11155.00 with targets at 11285.00 & 11350.00 in extension. Alternative scenario Below 11155.00 look for further downside with 11100.00 & 11030.00 as targets...
Pivot (invalidation): 5.3270 Our preference Short positions below 5.3270 with targets at 5.3000 & 5.2800 in extension. Alternative scenario Above 5.3270 look for further upside with 5.3450 & 5.3620 as targets...