Jiming Huang / Blog
Brexit continues to grab attention: still unsolved are the customs union and the Irish border. A pound rally remains driven by talk, thus driving currency volatility higher...
After falling to a 13-month last Friday, EUR/CHF rose 1% yesterday and continued to grind higher this morning amid improving risk sentiment. Indeed, risk aversion has decreased substantially lately amid positive development in the UK...
Pivot (invalidation): 68.10 Our preference Short positions below 68.10 with targets at 67.05 & 66.50 in extension. Alternative scenario Above 68.10 look for further upside with 68.50 & 69.00 as targets...
Pivot (invalidation): 14.2500 Our preference Short positions below 14.2500 with targets at 14.0500 & 13.9800 in extension. Alternative scenario Above 14.2500 look for further upside with 14.3000 & 14.3700 as targets...
Pivot (invalidation): 1196.75 Our preference Short positions below 1196.75 with targets at 1191.25 & 1189.50 in extension. Alternative scenario Above 1196.75 look for further upside with 1198.75 & 1202.00 as targets...
Pivot (invalidation): 2868.00 Our preference Long positions above 2868.00 with targets at 2887.00 & 2898.00 in extension. Alternative scenario Below 2868.00 look for further downside with 2854.00 & 2842.00 as targets...
Pivot (invalidation): 11945.00 Our preference Long positions above 11945.00 with targets at 12040.00 & 12095.00 in extension. Alternative scenario Below 11945.00 look for further downside with 11885.00 & 11810.00 as targets...
Pivot (invalidation): 6.4350 Our preference Long positions above 6.4350 with targets at 6.5000 & 6.5400 in extension. Alternative scenario Below 6.4350 look for further downside with 6.3940 & 6.3700 as targets...
Pivot (invalidation): 0.7130 Our preference Short positions below 0.7130 with targets at 0.7095 & 0.7065 in extension. Alternative scenario Above 0.7130 look for further upside with 0.7150 & 0.7170 as targets...