Jiming Huang / Blog
Pivot (invalidation): 1.1430 Our preference Short positions below 1.1430 with targets at 1.1385 & 1.1365 in extension. Alternative scenario Above 1.1430 look for further upside with 1.1480 & 1.1515 as targets...
As contagion continues in emerging markets, the South African rand is no exception. Depreciating by 16% against the greenback since the beginning of the year, USD/ZAR’s steep rise from last Thursday (7...
Crisis and contagion are loose, with equities weaker across the board in Asia and European and US futures pointing to a weak open. The wild swings, elevated volatility and speculations is based on FX. Traders are picking off nations exposed to USD obligations...
Pivot (invalidation): 6455 Our preference Short positions below 6455 with targets at 6190 & 6010 in extension. Alternative scenario Above 6455 look for further upside with 6630 & 6835 as targets...
Pivot (invalidation): 67.10 Our preference Long positions above 67.10 with targets at 68.00 & 68.60 in extension. Alternative scenario Below 67.10 look for further downside with 66.50 & 66.10 as targets...
Pivot (invalidation): 15.3800 Our preference Short positions below 15.3800 with targets at 15.2100 & 15.1600 in extension. Alternative scenario Above 15.3800 look for further upside with 15.4300 & 15.5100 as targets...
Pivot (invalidation): 1215.00 Our preference Short positions below 1215.00 with targets at 1206.75 & 1204.00 in extension. Alternative scenario Above 1215.00 look for further upside with 1217.25 & 1220.25 as targets...
Pivot (invalidation): 1.1355 Our preference Short positions below 1.1355 with targets at 1.1270 & 1.1235 in extension. Alternative scenario Above 1.1355 look for further upside with 1.1380 & 1.1415 as targets...
Pivot (invalidation): 0.8945 Our preference Short positions below 0.8945 with targets at 0.8900 & 0.8885 in extension. Alternative scenario Above 0.8945 look for further upside with 0.8960 & 0.8980 as targets...