Jiming Huang / Blog
Next year will see global deceleration and decline of the USD. To weaken the current strength of the greenback, there will be two critical inputs: the US Federal Reserve Bank will hike rates this week and again in 2019; the European Central Bank will shift bias further towards normalization...
Pivot (invalidation): 52.10 Our preference Short positions below 52.10 with targets at 50.80 & 50.35 in extension. Alternative scenario Above 52.10 look for further upside with 52.70 & 53.25 as targets...
Pivot (invalidation): 14.6300 Our preference Short positions below 14.6300 with targets at 14.4700 & 14.4100 in extension. Alternative scenario Above 14.6300 look for further upside with 14.6700 & 14.7200 as targets...
Pivot (invalidation): 1240.00 Our preference Short positions below 1240.00 with targets at 1235.00 & 1232.50 in extension. Alternative scenario Above 1240.00 look for further upside with 1243.00 & 1247.00 as targets...
Pivot (invalidation): 2634.00 Our preference Short positions below 2634.00 with targets at 2582.00 & 2555.00 in extension. Alternative scenario Above 2634.00 look for further upside with 2685.00 & 2708.00 as targets...
Pivot (invalidation): 10932.00 Our preference Short positions below 10932.00 with targets at 10770.00 & 10650.00 in extension. Alternative scenario Above 10932.00 look for further upside with 10980.00 & 11060.00 as targets...
Pivot (invalidation): 5.3540 Our preference Long positions above 5.3540 with targets at 5.3850 & 5.4050 in extension. Alternative scenario Below 5.3540 look for further downside with 5.3350 & 5.3210 as targets...
Pivot (invalidation): 0.7185 Our preference Short positions below 0.7185 with targets at 0.7165 & 0.7150 in extension. Alternative scenario Above 0.7185 look for further upside with 0.7195 & 0.7210 as targets...
Pivot (invalidation): 1.3360 Our preference Long positions above 1.3360 with targets at 1.3400 & 1.3420 in extension. Alternative scenario Below 1.3360 look for further downside with 1.3340 & 1.3320 as targets...