Jiming Huang / Blog
Pivot (invalidation): 0.7195 Our preference Long positions above 0.7195 with targets at 0.7240 & 0.7275 in extension. Alternative scenario Below 0.7195 look for further downside with 0.7175 & 0.7160 as targets...
Pivot (invalidation): 1.3400 Our preference Short positions below 1.3400 with targets at 1.3365 & 1.3330 in extension. Alternative scenario Above 1.3400 look for further upside with 1.3420 & 1.3445 as targets...
Pivot (invalidation): 0.9905 Our preference Long positions above 0.9905 with targets at 0.9940 & 0.9965 in extension. Alternative scenario Below 0.9905 look for further downside with 0.9880 & 0.9855 as targets...
Pivot (invalidation): 113.20 Our preference Long positions above 113.20 with targets at 113.70 & 113.85 in extension. Alternative scenario Below 113.20 look for further downside with 113.00 & 112.80 as targets...
Pivot (invalidation): 1.2545 Our preference Short @ 1.2510 with targets @ 1.2480 & 1.2450 in extension. Alternative scenario Above 1.2545 look for further upside with 1.2580 & 1.2640 as targets...
Pivot (invalidation): 1.1350 Our preference Short positions below 1.1350 with targets at 1.1305 & 1.1280 in extension. Alternative scenario Above 1.1350 look for further upside with 1.1375 & 1.1400 as targets...
USD/INR surged to 72.49 on unexpected news that the Reserve Bank of India’s Governor, Urjit Patel, has resigned. Patel said it was for personal reasons, but clearly, friction between the RBI and government was the real reason. A caretaker has been named until a permanent replacement is named...
Equities recovered a bit, after news broke of a teleconference between US Trade Representative Robert Lighthizer, US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He. The troika are discussing the schedule of trade negotiations, and this has comforted rattled markets...
Pivot (invalidation): 51.90 Our preference Short positions below 51.90 with targets at 50.60 & 50.10 in extension. Alternative scenario Above 51.90 look for further upside with 52.70 & 53.40 as targets...