Jiming Huang / Blog
Pivot (invalidation): 0.7160 Our preference Long positions above 0.7160 with targets at 0.7210 & 0.7230 in extension. Alternative scenario Below 0.7160 look for further downside with 0.7140 & 0.7125 as targets...
Pivot (invalidation): 1.3040 Our preference Short positions below 1.3040 with targets at 1.2975 & 1.2935 in extension. Alternative scenario Above 1.3040 look for further upside with 1.3075 & 1.3115 as targets...
Pivot (invalidation): 0.9710 Our preference Short positions below 0.9710 with targets at 0.9675 & 0.9660 in extension. Alternative scenario Above 0.9710 look for further upside with 0.9730 & 0.9750 as targets...
Pivot (invalidation): 111.15 Our preference Long positions above 111.15 with targets at 111.65 & 111.75 in extension. Alternative scenario Below 111.15 look for further downside with 111.00 & 110.85 as targets...
Pivot (invalidation): 1.3020 Our preference Long positions above 1.3020 with targets at 1.3080 & 1.3110 in extension. Alternative scenario Below 1.3020 look for further downside with 1.2980 & 1.2950 as targets...
Pivot (invalidation): 1.1610 Our preference Long positions above 1.1610 with targets at 1.1650 & 1.1670 in extension. Alternative scenario Below 1.1610 look for further downside with 1.1585 & 1.1570 as targets...
Canadian dollar bulls are celebrating. Renewed optimism on NAFTA has pushed USD/CAD lower, as US-Canada trade talks resumed yesterday. Both US President Trump and Canadian Foreign Minister Chrystia Freeland confirmed that negotiations are on track, with both ready to make concessions...
On Tuesday, the Australian dollar has slid to its lowest level since February 2016, reaching 0.7085 against the greenback. Even though the intensifying U.S.-China trade conflict has been weighting significantly on the Aussie, it is not the only factor...
Pivot (invalidation): 69.20 Our preference Long positions above 69.20 with targets at 70.15 & 70.80 in extension. Alternative scenario Below 69.20 look for further downside with 68.50 & 67.90 as targets...