Jiming Huang / Blog
Pivot (invalidation): 0.7325 Our preference Short positions below 0.7325 with targets at 0.7260 & 0.7230 in extension. Alternative scenario Above 0.7325 look for further upside with 0.7355 & 0.7375 as targets...
Pivot (invalidation): 1.3245 Our preference Long positions above 1.3245 with targets at 1.3300 & 1.3335 in extension. Alternative scenario Below 1.3245 look for further downside with 1.3220 & 1.3200 as targets...
Pivot (invalidation): 0.9965 Our preference Long positions above 0.9965 with targets at 1.0005 & 1.0025 in extension. Alternative scenario Below 0.9965 look for further downside with 0.9945 & 0.9925 as targets...
Pivot (invalidation): 112.65 Our preference Long positions above 112.65 with targets at 113.15 & 113.40 in extension. Alternative scenario Below 112.65 look for further downside with 112.45 & 112.30 as targets...
Pivot (invalidation): 1.2730 Our preference Short positions below 1.2730 with targets at 1.2680 & 1.2660 in extension. Alternative scenario Above 1.2730 look for further upside with 1.2755 & 1.2790 as targets...
Pivot (invalidation): 1.1350 Our preference Short positions below 1.1350 with targets at 1.1315 & 1.1300 in extension. Alternative scenario Above 1.1350 look for further upside with 1.1380 & 1.1410 as targets...
Asian equities lost steam, as optimism over US-China trade softens. Japan’s Nikkei 225 is closing at -2.39% while Australian ASX 200 and South Korean Kospi indexes closed at -1.01% and -0.12% respectively. Hong Kong’s Hang Seng improved by +0.29% while China mainland CSI 300 gained +0.21...
Switzerland’s headline inflation missed expectation in November. The consumer price index rose only 0.9%y/y, following an uptick of 1.1% in the previous month, while market participants anticipated an increase of 1%y/y. This is the lowest reading since April 2018, when inflation rose 0.8%y/y...
Pivot Point (level of invalidation 64,80): Our preference Long positions on 64,80 goals 54,00 and 54.8 in extension. Alternative scenario Under 64,80 seek Greater indication of Low (or fall) and 52.4 52,00 as...