Jiming Huang / Blog
Pivot (invalidation): 1.3120 Our preference Long positions above 1.3120 with targets at 1.3170 & 1.3200 in extension. Alternative scenario Below 1.3120 look for further downside with 1.3070 & 1.3035 as targets...
Pivot (invalidation): 0.9925 Our preference Long positions above 0.9925 with targets at 0.9960 & 0.9975 in extension. Alternative scenario Below 0.9925 look for further downside with 0.9910 & 0.9895 as targets...
Pivot (invalidation): 110.70 Our preference Short positions below 110.70 with targets at 110.05 & 109.65 in extension. Alternative scenario Above 110.70 look for further upside with 111.00 & 111.20 as targets...
Pivot (invalidation): 1.2790 Our preference Short positions below 1.2790 with targets at 1.2720 & 1.2680 in extension. Alternative scenario Above 1.2790 look for further upside with 1.2835 & 1.2880 as targets...
Pivot (invalidation): 1.1440 Our preference Short positions below 1.1440 with targets at 1.1340 & 1.1300 in extension. Alternative scenario Above 1.1440 look for further upside with 1.1485 & 1.1535 as targets...
Trading at the weakest range since mid-July 2018, the single currency is facing difficult times. Rumors surrounding a spill over on European banks of the Turkish lira situation being the main driver of the steep decline...
Mounting uncertainty in Europe has driven investors back into CHF. This, after steady Euro appreciation and EUR/CHF reaching the psychological 1.2 threshold, after the Swiss National Bank shifted its comment from “highly overvalued” to “highly valued” and slowed its FX intervention...
Pivot (invalidation): 6360 Our preference Long positions above 6360 with targets at 6630 & 6835 in extension. Alternative scenario Below 6360 look for further downside with 6170 & 5985 as targets...
Pivot (invalidation): 66.50 Our preference Long positions above 66.50 with targets at 67.15 & 67.40 in extension. Alternative scenario Below 66.50 look for further downside with 66.10 & 65.75 as targets...