Jiming Huang / Profile

Pivot (invalidation): 0.7285 Our preference Short positions below 0.7285 with targets at 0.7245 & 0.7225 in extension. Alternative scenario Above 0.7285 look for further upside with 0.7310 & 0.7335 as targets...

Pivot (invalidation): 1.3135 Our preference Long positions above 1.3135 with targets at 1.3175 & 1.3200 in extension. Alternative scenario Below 1.3135 look for further downside with 1.3110 & 1.3090 as targets...

Pivot (invalidation): 0.9945 Our preference Long positions above 0.9945 with targets at 0.9985 & 1.0010 in extension. Alternative scenario Below 0.9945 look for further downside with 0.9915 & 0.9895 as targets...

Pivot (invalidation): 110.70 Our preference Long positions above 110.70 with targets at 111.15 & 111.45 in extension. Alternative scenario Below 110.70 look for further downside with 110.40 & 110.15 as targets...

Pivot (invalidation): 1.2685 Our preference Long positions above 1.2685 with targets at 1.2735 & 1.2765 in extension. Alternative scenario Below 1.2685 look for further downside with 1.2665 & 1.2640 as targets...

Pivot (invalidation): 1.1350 Our preference Long positions above 1.1350 with targets at 1.1400 & 1.1430 in extension. Alternative scenario Below 1.1350 look for further downside with 1.1330 & 1.1300 as targets...

Despite mounting geopolitical risks, gold has done the opposite of what would have been expected and slumped, falling 5% from USD 1,228 to USD 1,162 per ounce during the Turkish currency crisis. Could it have been Turkish President Erdogan’s plea to his own people...

Pivot (invalidation): 6220 Our preference Long positions above 6220 with targets at 6455 & 6630 in extension. Alternative scenario Below 6220 look for further downside with 6060 & 5890 as targets...

Pivot (invalidation): 65.45 Our preference Short positions below 65.45 with targets at 64.30 & 63.60 in extension. Alternative scenario Above 65.45 look for further upside with 66.00 & 66.55 as targets...

Pivot (invalidation): 14.7000 Our preference Short positions below 14.7000 with targets at 14.2700 & 14.0000 in extension. Alternative scenario Above 14.7000 look for further upside with 14.9600 & 15.1000 as targets...

Pivot (invalidation): 1176.00 Our preference Short positions below 1176.00 with targets at 1166.50 & 1160.00 in extension. Alternative scenario Above 1176.00 look for further upside with 1184.00 & 1189.00 as targets...

Pivot (invalidation): 1.1260 Our preference Long positions above 1.1260 with targets at 1.1305 & 1.1345 in extension. Alternative scenario Below 1.1260 look for further downside with 1.1240 & 1.1220 as targets...

Pivot (invalidation): 0.8925 Our preference Long positions above 0.8925 with targets at 0.8960 & 0.8980 in extension. Alternative scenario Below 0.8925 look for further downside with 0.8900 & 0.8880 as targets...

Pivot (invalidation): 0.7225 Our preference Long positions above 0.7225 with targets at 0.7290 & 0.7320 in extension. Alternative scenario Below 0.7225 look for further downside with 0.7200 & 0.7180 as targets...

Pivot (invalidation): 1.3150 Our preference Short positions below 1.3150 with targets at 1.3095 & 1.3065 in extension. Alternative scenario Above 1.3150 look for further upside with 1.3175 & 1.3200 as targets...

Pivot (invalidation): 0.9955 Our preference Short positions below 0.9955 with targets at 0.9915 & 0.9895 in extension. Alternative scenario Above 0.9955 look for further upside with 0.9975 & 0.9995 as targets...

Pivot (invalidation): 110.45 Our preference Long positions above 110.45 with targets at 110.95 & 111.20 in extension. Alternative scenario Below 110.45 look for further downside with 110.15 & 109.90 as targets...

Pivot (invalidation): 1.2685 Our preference Long positions above 1.2685 with targets at 1.2735 & 1.2765 in extension. Alternative scenario Below 1.2685 look for further downside with 1.2665 & 1.2640 as targets...

Pivot (invalidation): 1.1330 Our preference Long positions above 1.1330 with targets at 1.1400 & 1.1430 in extension. Alternative scenario Below 1.1330 look for further downside with 1.1300 & 1.1270 as targets...

Trading sideways against the greenback since June in the 1.16 range, EUR fell most during last week’s Turkish lira collapse. Despite growth and improving sentiment indicators, the single currency continues to weaken against the USD while USD/TRY trend goes in the opposite direction...