Jiming Huang / Blog
As Canada scrambles to reach closure on the North American Free Trade Agreement, CAN is wobbling. It gained (USD/CAD: -0.77% week-to-date), but now the trend is reversing. USD/CAD is bouncing off 1.2907 (29 August low) and expected to hit 1.3010...
The cable surged on Wednesday as it added 1.53% to $1.3029 after EU negotiator Michel Barnier said the EU would offer the UK a unique deal. The announcement made investors more than happy as it means that the UK would get at least a deal...
Pivot (invalidation): 6960 Our preference Long positions above 6960 with targets at 7135 & 7235 in extension. Alternative scenario Below 6960 look for further downside with 6875 & 6725 as targets...
Pivot (invalidation): 69.15 Our preference Long positions above 69.15 with targets at 70.25 & 70.60 in extension. Alternative scenario Below 69.15 look for further downside with 68.65 & 68.35 as targets...
Pivot (invalidation): 14.6600 Our preference Long positions above 14.6600 with targets at 14.7700 & 14.8300 in extension. Alternative scenario Below 14.6600 look for further downside with 14.6000 & 14.5100 as targets...
Pivot (invalidation): 1202.00 Our preference Long positions above 1202.00 with targets at 1210.00 & 1214.00 in extension. Alternative scenario Below 1202.00 look for further downside with 1196.50 & 1192.50 as targets...
Pivot (invalidation): 1.1380 Our preference Short positions below 1.1380 with targets at 1.1345 & 1.1330 in extension. Alternative scenario Above 1.1380 look for further upside with 1.1410 & 1.1430 as targets...
Pivot (invalidation): 0.9005 Our preference Short positions below 0.9005 with targets at 0.8970 & 0.8945 in extension. Alternative scenario Above 0.9005 look for further upside with 0.9025 & 0.9045 as targets...
Pivot (invalidation): 0.7315 Our preference Short positions below 0.7315 with targets at 0.7275 & 0.7255 in extension. Alternative scenario Above 0.7315 look for further upside with 0.7330 & 0.7350 as targets...