Jiming Huang / Blog
Pivot (invalidation): 0.7400 Our preference Long positions above 0.7400 with targets at 0.7440 & 0.7455 in extension. Alternative scenario Below 0.7400 look for further downside with 0.7375 & 0.7350 as targets...
Pivot (invalidation): 1.3165 Our preference Short positions below 1.3165 with targets at 1.3105 & 1.3065 in extension. Alternative scenario Above 1.3165 look for further upside with 1.3200 & 1.3230 as targets...
Pivot (invalidation): 0.9950 Our preference Short positions below 0.9950 with targets at 0.9890 & 0.9870 in extension. Alternative scenario Above 0.9950 look for further upside with 0.9975 & 1.0005 as targets...
Pivot (invalidation): 111.60 Our preference Short positions below 111.60 with targets at 110.60 & 110.20 in extension. Alternative scenario Above 111.60 look for further upside with 112.15 & 112.50 as targets...
Pivot (invalidation): 1.3095 Our preference Long positions above 1.3095 with targets at 1.3180 & 1.3215 in extension. Alternative scenario Below 1.3095 look for further downside with 1.3050 & 1.3000 as targets...
Pivot (invalidation): 1.1720 Our preference Long positions above 1.1720 with targets at 1.1765 & 1.1785 in extension. Alternative scenario Below 1.1720 look for further downside with 1.1700 & 1.1670 as targets...
Opening the door for further trade relationships, the EU – Japan trade deal signed on Tuesday is providing a great message against protectionism...
The Chinese yuan printed a fresh multi-month low on Friday amid heighten worries about the stability of the Chinese economy and the potential negative effects of the trade war with the US. The offshore rate fell as much as 0.65% with USD/CNH climbing as high as 6.8367...
Pivot (invalidation): 7274 Our preference Long positions above 7274 with targets at 7861 & 7995 in extension. Alternative scenario Below 7274 look for further downside with 7048 & 6913 as targets...