Jiming Huang / Blog
Pivot (invalidation): 0.9740 Our preference Short positions below 0.9740 with targets at 0.9700 & 0.9655 in extension. Alternative scenario Above 0.9740 look for further upside with 0.9775 & 0.9805 as targets...
Pivot (invalidation): 111.50 Our preference Long positions above 111.50 with targets at 111.80 & 112.00 in extension. Alternative scenario Below 111.50 look for further downside with 111.30 & 111.10 as targets...
Pivot (invalidation): 1.2985 Our preference Long positions above 1.2985 with targets at 1.3065 & 1.3095 in extension. Alternative scenario Below 1.2985 look for further downside with 1.2960 & 1.2930 as targets...
Pivot (invalidation): 1.1675 Our preference Long positions above 1.1675 with targets at 1.1730 & 1.1765 in extension. Alternative scenario Below 1.1675 look for further downside with 1.1655 & 1.1630 as targets...
As the gongs sounded of a US-Mexico trade deal, broad USD selling slowed while Mexican peso rose, yet MXN was unable to hold high ground. While the downside risk of a failed agreement has decreased, confusion has increased...
The US dollar was better bid against most of its peers on Wednesday morning as global stocks treaded water. The dollar index edged up 0.05% to 94.78 as the single currency tumbled on the 1.17 resistance, while the Australian dollar fell the most within the G10 complex, down 0.40% on the session...
Pivot (invalidation): 6960 Our preference Long positions above 6960 with targets at 7235 & 7345 in extension. Alternative scenario Below 6960 look for further downside with 6875 & 6725 as targets...
Pivot (invalidation): 69.00 Our preference Short positions below 69.00 with targets at 68.10 & 67.80 in extension. Alternative scenario Above 69.00 look for further upside with 69.30 & 69.65 as targets...
Pivot (invalidation): 14.8600 Our preference Short positions below 14.8600 with targets at 14.6000 & 14.5100 in extension. Alternative scenario Above 14.8600 look for further upside with 15.0000 & 15.0700 as targets...