Jiming Huang / Blog
During the French Presidential elections, it was clear that the Swiss National Bank was selling franc to prevent any safe haven effect. Uncertainties regarding the outcome (at least before the first round) drove the Swiss institution to intervene massively...
The last batch of US data came on the soft side and called into question the actual Fed’s rate path. Indeed, inflationary pressures eased for a third month a row in April with headline CPI printing at 2...
Short-term bounce above $16.00. • Silver's bearish pressures are still lively despite short-term consolidation. Strong support is given at 15.63 (20/12/2017 low). Closest support is given at 16.20 (04/05/2017 low). Key resistance is...
Strong upside pressures. • Crude oil continues to bounce on shortsqueeze move. Support is given at a distance 43.76 (05/05/2017 low). Demand is very strong and crude oil is set to be monitor again the $50 mark...
Golden cross. • Gold seems on its way back up. Hourly support is now located at 1195 (10/03/2017 low). Expected to show further upside pressures. • In the long-term, the technical structure...
Fading below 1.1000. • EUR/CHF's volatility is getting stronger. Resistance given is given at 1.0978 (09/05/2017 high). Despite the sharp increase and the recent bullish breakout which is very likely...
Ready for further decline. • EUR/GBP is trading lower. The technical structure remains negative as long as the resistance at 0.8530 (25/04/2017 low) holds. Expected to show continued weakness until...
Sideways price action. • EUR/JPY's bullish run has stalled below range resistance at 124.59 (07/05/2017 high), Hourly support is given at 122.93 (05/05/2017 low). Major support is given at 114.90 (18/04/2017low...
Bouncing within symmetrical triangle. • AUD/USD has paused above key support at 0.7339 (intraday low). As long as prices remain below the resistance at 0.7608 (17/04/2017 high), the short-term technical structure is negative...