Jiming Huang / Blog
As Argentina falls into economic chaos, fears of default are well founded. The peso has fallen more the 45% against the USD this year and official inflation is over 25%. The central bank’s futile attempt to fix things hiked rates 15% to 60% and promised not to lower before December...
Pivot (invalidation): 7035 Our preference Short positions below 7035 with targets at 6875 & 6805 in extension. Alternative scenario Above 7035 look for further upside with 7130 & 7235 as targets...
Pivot (invalidation): 1.1330 Our preference Short positions below 1.1330 with targets at 1.1270 & 1.1250 in extension. Alternative scenario Above 1.1330 look for further upside with 1.1350 & 1.1370 as targets...
Pivot (invalidation): 0.8990 Our preference Short positions below 0.8990 with targets at 0.8945 & 0.8925 in extension. Alternative scenario Above 0.8990 look for further upside with 0.9005 & 0.9025 as targets...
Pivot (invalidation): 0.7270 Our preference Short positions below 0.7270 with targets at 0.7235 & 0.7215 in extension. Alternative scenario Above 0.7270 look for further upside with 0.7300 & 0.7315 as targets...
Pivot (invalidation): 1.2965 Our preference Long positions above 1.2965 with targets at 1.3045 & 1.3070 in extension. Alternative scenario Below 1.2965 look for further downside with 1.2945 & 1.2925 as targets...
Pivot (invalidation): 0.9715 Our preference Short positions below 0.9715 with targets at 0.9655 & 0.9640 in extension. Alternative scenario Above 0.9715 look for further upside with 0.9740 & 0.9775 as targets...
Pivot (invalidation): 111.30 Our preference Short positions below 111.30 with targets at 110.70 & 110.50 in extension. Alternative scenario Above 111.30 look for further upside with 111.45 & 111.60 as targets...
Pivot (invalidation): 1.2985 Our preference Long positions above 1.2985 with targets at 1.3040 & 1.3065 in extension. Alternative scenario Below 1.2985 look for further downside with 1.2960 & 1.2930 as targets...