Jiming Huang / Blog
Pivot (invalidation): 110.45 Our preference Long positions above 110.45 with targets at 110.95 & 111.20 in extension. Alternative scenario Below 110.45 look for further downside with 110.15 & 109.90 as targets...
Pivot (invalidation): 1.2685 Our preference Long positions above 1.2685 with targets at 1.2735 & 1.2765 in extension. Alternative scenario Below 1.2685 look for further downside with 1.2665 & 1.2640 as targets...
Pivot (invalidation): 1.1330 Our preference Long positions above 1.1330 with targets at 1.1400 & 1.1430 in extension. Alternative scenario Below 1.1330 look for further downside with 1.1300 & 1.1270 as targets...
Trading sideways against the greenback since June in the 1.16 range, EUR fell most during last week’s Turkish lira collapse. Despite growth and improving sentiment indicators, the single currency continues to weaken against the USD while USD/TRY trend goes in the opposite direction...
American economic developments are as critical as US-Turkey relations. Today’s report on retail sales is expected to show a 0.4% monthly rise in July. Consumer fundamentals continue to improve, while businesses are driving on domestic demand...
Pivot (invalidation): 6055 Our preference Long positions above 6055 with targets at 6455 & 6630 in extension. Alternative scenario Below 6055 look for further downside with 5885 & 5700 as targets...
Pivot (invalidation): 67.50 Our preference Short positions below 67.50 with targets at 66.10 & 65.70 in extension. Alternative scenario Above 67.50 look for further upside with 67.95 & 68.35 as targets...
Pivot (invalidation): 15.0700 Our preference Short positions below 15.0700 with targets at 14.8600 & 14.8000 in extension. Alternative scenario Above 15.0700 look for further upside with 15.1500 & 15.2400 as targets...
Pivot (invalidation): 1195.00 Our preference Short positions below 1195.00 with targets at 1184.00 & 1181.00 in extension. Alternative scenario Above 1195.00 look for further upside with 1198.00 & 1202.00 as targets...