Jiming Huang / Profile

Pivot (invalidation): 1.1230 Our preference Short positions below 1.1230 with targets at 1.1205 & 1.1195 in extension. Alternative scenario Above 1.1230 look for further upside with 1.1245 & 1.1255 as targets...

Financial markets are rather quiet this morning. The FX market remains under the influence of both Sino-American trade talks and Brexit while the drop in German February manufacturing orders has also a significant impact on the European stock market...

Pivot (invalidation): 62.70 Our preference Short positions below 62.70 with targets at 62.05 & 61.60 in extension. Alternative scenario Above 62.70 look for further upside with 63.00 & 63.35 as targets...

Pivot (invalidation): 15.1900 Our preference Short positions below 15.1900 with targets at 15.0200 & 14.9400 in extension. Alternative scenario Above 15.1900 look for further upside with 15.2500 & 15.3300 as targets...

Pivot (invalidation): 1294.50 Our preference Short positions below 1294.50 with targets at 1288.00 & 1285.00 in extension. Alternative scenario Above 1294.50 look for further upside with 1297.00 & 1300.00 as targets...

Pivot (invalidation): 2859.25 Our preference Long positions above 2859.25 with targets at 2885.00 & 2891.25 in extension. Alternative scenario Below 2859.25 look for further downside with 2848.50 & 2835.50 as targets...

Pivot (invalidation): 11880.00 Our preference Long positions above 11880.00 with targets at 11990.00 & 12040.00 in extension. Alternative scenario Below 11880.00 look for further downside with 11780.00 & 11700.00 as targets...

Pivot (invalidation): 5.5990 Our preference Long positions above 5.5990 with targets at 5.6500 & 5.6800 in extension. Alternative scenario Below 5.5990 look for further downside with 5.5720 & 5.5270 as targets...

Pivot (invalidation): 0.7110 Our preference Long positions above 0.7110 with targets at 0.7130 & 0.7145 in extension. Alternative scenario Below 0.7110 look for further downside with 0.7090 & 0.7070 as targets...

Pivot (invalidation): 1.3320 Our preference Long positions above 1.3320 with targets at 1.3370 & 1.3395 in extension. Alternative scenario Below 1.3320 look for further downside with 1.3295 & 1.3270 as targets...

Pivot (invalidation): 0.9985 Our preference Short positions below 0.9985 with targets at 0.9960 & 0.9950 in extension. Alternative scenario Above 0.9985 look for further upside with 1.0000 & 1.0010 as targets...

Pivot (invalidation): 111.25 Our preference Long positions above 111.25 with targets at 111.60 & 111.75 in extension. Alternative scenario Below 111.25 look for further downside with 111.00 & 110.85 as targets...

Pivot (invalidation): 1.3140 Our preference Long positions above 1.3140 with targets at 1.3195 & 1.3245 in extension. Alternative scenario Below 1.3140 look for further downside with 1.3120 & 1.3100 as targets...

Pivot (invalidation): 1.1225 Our preference Long positions above 1.1225 with targets at 1.1255 & 1.1270 in extension. Alternative scenario Below 1.1225 look for further downside with 1.1210 & 1.1195 as targets...

The Australian dollar is changing course of action as Chinese Vice Premier Liu He and his delegation is resuming trade talks in Washington in order to agree on an enforcement mechanism. Sticking points remain on topics such as intellectual property and trade surplus reduction...

Brexit continues to drag on with investors having no idea what the outcome might be. UK parliament is stuck in gridlock and the EU seem unwilling to help. As we have long predicted, Brexit visibility was close to zero and probability pricing on outcomes was misleading...

Pivot (invalidation): 62.15 Our preference Long positions above 62.15 with targets at 63.35 & 63.80 in extension. Alternative scenario Below 62.15 look for further downside with 61.60 & 60.95 as targets...

Pivot (invalidation): 15.0300 Our preference Long positions above 15.0300 with targets at 15.2500 & 15.3300 in extension. Alternative scenario Below 15.0300 look for further downside with 14.9700 & 14.9100 as targets...

Pivot (invalidation): 1287.50 Our preference Long positions above 1287.50 with targets at 1297.00 & 1300.00 in extension. Alternative scenario Below 1287.50 look for further downside with 1285.00 & 1283.00 as targets...

Pivot (invalidation): 2848.50 Our preference Long positions above 2848.50 with targets at 2874.00 & 2891.25 in extension. Alternative scenario Below 2848.50 look for further downside with 2835.50 & 2817.00 as targets...