Jiming Huang / Blog
Pivot (invalidation): 0.8945 Our preference Long positions above 0.8945 with targets at 0.8995 & 0.9010 in extension. Alternative scenario Below 0.8945 look for further downside with 0.8935 & 0.8920 as targets...
Pivot (invalidation): 0.7345 Our preference Long positions above 0.7345 with targets at 0.7380 & 0.7410 in extension. Alternative scenario Below 0.7345 look for further downside with 0.7315 & 0.7285 as targets...
Pivot (invalidation): 1.3050 Our preference Short positions below 1.3050 with targets at 1.2995 & 1.2980 in extension. Alternative scenario Above 1.3050 look for further upside with 1.3070 & 1.3095 as targets...
Pivot (invalidation): 0.9870 Our preference Short positions below 0.9870 with targets at 0.9825 & 0.9800 in extension. Alternative scenario Above 0.9870 look for further upside with 0.9890 & 0.9915 as targets...
Pivot (invalidation): 110.55 Our preference Short positions below 110.55 with targets at 110.00 & 109.75 in extension. Alternative scenario Above 110.55 look for further upside with 110.90 & 111.10 as targets...
Pivot (invalidation): 1.2860 Our preference Long positions above 1.2860 with targets at 1.2945 & 1.2975 in extension. Alternative scenario Below 1.2860 look for further downside with 1.2810 & 1.2780 as targets...
Pivot (invalidation): 1.1530 Our preference Long positions above 1.1530 with targets at 1.1630 & 1.1650 in extension. Alternative scenario Below 1.1530 look for further downside with 1.1490 & 1.1450 as targets...
The Reserve Bank of Australia confirmed in its August Meeting Minutes that it is not expecting to raise its Official Cash Rate, given at 1.50% since 8 February 2016. The RBA sees improvement in unemployment, income growth and inflation. Inflation and unemployment forecasts are estimated at 2...
Risk in trading continued to push asset higher in low liquidity. Heck even commodities and bitcoin has taken a slightly bullish tone...