Jiming Huang / Blog
The US dollar experienced another broad-based sell-off last Friday amid disappointing inflation and retail sales data. Commodities currencies benefited the most of this renewed USD weakness as investors discounted an aggressive Fed rate path. The single currency rose 0.58% to 1...
Where will it stop? (Yann Quelenn ) • Bitcoin is definitely on a strong momentum. Strong support stands very far at 2975 (22/08/2017 low). Bitcoin si ready to set up new all-time high. The road is wide open for further increase. In the short-term, the digital currency should monitor $6000...
Riding the range. (Yann Quelenn ) • Crude oil is pushing higher within a range defined by the support at 50.43 and the strong resistance lies at 52.86 (28/09/2017). Expected to show continued increase within this range. • In the long-term, crude oil has recovered after its sharp decline last year...
Higher. (Yann Quelenn ) • Silver has further improved as can be seen by the new resistance at 17.43 (13/10/2017 high). The precious metal keeps on trading above $17. Hourly support can be found at 16.13 (06/10/2017 low). Expected to show further increase...
Breaking 1300. (Yann Quelenn ) • Gold is back to bullish. The precious metal is way into an uptrend channel. Hourly support is given at 1291 (13/10/2017 low). Strong support lies at a distance at 1204 (10/07/2017 high). Expected to show continued bullish pressures...
Likely to further decrease. (Yann Quelenn ) • EUR/CHF still lies in a bullish trend. Yet, downside pressures are likely to accelerate. Strong resistance lies at a distance at 1.1623 (22/09/2017 high). Support is given at 1.1388 (02/09/2017 low). Downside risk is very likely...
Bearish pressures. (Yann Quelenn ) • EUR/GBP's weakness is only a consolidation. The pair is back below former resistance at 0.8899 (19/09/2017 low). The very short-term technical structure is now biased to the upside. Hourly support is given at a distance at 0.8746 (27/09/2017 low...
Consolidating below 0.79. (Yann Quelenn ) • AUD/USD has surged and is now pausing below 0.7900. Hourly resistance is given at 0.7897 (13/10/2017 high). Support lies at at 0.7733 (06/10/2017 low). Expected to show continued increase. • In the long-term, the trend is turning positive...
Middle of rising channel. (Yann Quelenn ) • USD/CAD continues to bounce within uptrend channel. Strong support is located at a distance at 1.2062 (08/09/2017 low). Hourly support lies at 1.2331 (26/09/2017 high). Resistance is given at 1.2663 (31/08/2017 high...