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The EURUSD consolidates below the 1.13 mark on stronger US dollar, as well. The pair’s short-term direction will likely depend on the US dollar appetite. Meanwhile, the final data should confirm a flattening inflation in European consumer prices. The headline CPI is seen at 0...
Market News
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Jiming Huang, 17 June 2020, 09:32
On Tuesday, worries of a second-wave contamination were put aside with the help of the Federal Reserve’s (Fed) announcement of corporate bond relief and solid rebound in US retail sales in May. The latest data showed that the American consumers rose spending by a record 17...
Analytics & Forecasts
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Jiming Huang, 17 June 2020, 09:31
Pivot (invalidation): 37.05 Our preference Long positions above 37.05 with targets at 38.45 & 39.05 in extension. Alternative scenario Below 37.05 look for further downside with 36.40 & 35.85 as targets...
Analytics & Forecasts
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Jiming Huang, 17 June 2020, 09:19
Pivot (invalidation): 17.5600 Our preference Short positions below 17.5600 with targets at 17.2600 & 17.0700 in extension. Alternative scenario Above 17.5600 look for further upside with 17.7500 & 17.9300 as targets...
Analytics & Forecasts
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Jiming Huang, 17 June 2020, 09:18
Pivot (invalidation): 1733.00 Our preference Short positions below 1733.00 with targets at 1716.50 & 1711.00 in extension. Alternative scenario Above 1733.00 look for further upside with 1740.00 & 1745.00 as targets...
Analytics & Forecasts
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Jiming Huang, 17 June 2020, 09:17
Pivot (invalidation): 3077.00 Our preference Long positions above 3077.00 with targets at 3154.00 & 3184.00 in extension. Alternative scenario Below 3077.00 look for further downside with 3017.00 & 2965.00 as targets...
Analytics & Forecasts
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Jiming Huang, 17 June 2020, 09:16 #S&P 500
Pivot (invalidation): 12135.00 Our preference Long positions above 12135.00 with targets at 12430.00 & 12530.00 in extension. Alternative scenario Below 12135.00 look for further downside with 11910.00 & 11800.00 as targets...
Analytics & Forecasts
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Jiming Huang, 17 June 2020, 09:15 #dax
Pivot (invalidation): 6.8500 Our preference Short positions below 6.8500 with targets at 6.8190 & 6.8070 in extension. Alternative scenario Above 6.8500 look for further upside with 6.8610 & 6.8720 as targets...
Analytics & Forecasts
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Jiming Huang, 17 June 2020, 09:13
Pivot (invalidation): 0.6900 Our preference Short positions below 0.6900 with targets at 0.6830 & 0.6790 in extension. Alternative scenario Above 0.6900 look for further upside with 0.6935 & 0.6955 as targets...
Analytics & Forecasts
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Jiming Huang, 17 June 2020, 09:12
U Pivot (invalidation): 1.3580 Our preference Short positions below 1.3580 with targets at 1.3510 & 1.3480 in extension. Alternative scenario Above 1.3580 look for further upside with 1.3610 & 1.3640 as targets...
Analytics & Forecasts
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Jiming Huang, 17 June 2020, 09:11 #usd/cad
Pivot (invalidation): 0.9485 Our preference Long positions above 0.9485 with targets at 0.9525 & 0.9545 in extension. Alternative scenario Below 0.9485 look for further downside with 0.9460 & 0.9435 as targets...
Analytics & Forecasts
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Jiming Huang, 17 June 2020, 09:10
Pivot (invalidation): 107.40 Our preference Short positions below 107.40 with targets at 107.00 & 106.80 in extension. Alternative scenario Above 107.40 look for further upside with 107.55 & 107.65 as targets...
Analytics & Forecasts
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Jiming Huang, 17 June 2020, 09:08 #usd/jpy
G Pivot (invalidation): 1.2590 Our preference Short positions below 1.2590 with targets at 1.2525 & 1.2505 in extension. Alternative scenario Above 1.2590 look for further upside with 1.2615 & 1.2640 as targets...
Analytics & Forecasts
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Jiming Huang, 17 June 2020, 09:06 #GBP/USD
Pivot (invalidation): 1.1285 Our preference Short positions below 1.1285 with targets at 1.1245 & 1.1225 in extension. Alternative scenario Above 1.1285 look for further upside with 1.1305 & 1.1325 as targets...
Analytics & Forecasts
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Jiming Huang, 17 June 2020, 09:05 #EUR/USD
EURUSD Looks To Weaken Further Short Term EURUSD faces risk of further pullback threats in the days ahead. Resistance comes in at the 1.1300 where a break will turn risk towards the 1.1350 level. A breach of here will target the 1.1400 level. Further up, resistance stands at the 1.1450...
Analytics & Forecasts
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FXTechstrategy.com, 16 June 2020, 19:40
Setup : 1Hour Chart Indicators: Weis Pip Wave, Weis Wave with Alert (+Speed Index) and No Demand No Supply ( https://www.mql5.com/en/users/takisd/seller) Story: Possible Plutus Reversal Short - forming - but a Plutus Long can form also -let's see have to wait for 1HR to close. to be continued...
Analytics & Forecasts
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Panagiotis Diamantopoulos, 16 June 2020, 14:22
The EURUSD rebounded to 1.1350 and is probably set to clear its last week resistance at 1.1422 on a globally improved risk appetite and test the 1.15 offers. Data-wise, the German consumer price data confirmed 0...
Market News
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Jiming Huang, 16 June 2020, 09:41
The Federal Reserve (Fed) announced on Monday to enlarge its scope of asset purchases, now including corporate debt under its Secondary Market Corporate Credit Facility...
Market News
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Jiming Huang, 16 June 2020, 09:41
Pivot (invalidation): 35.90 Our preference Long positions above 35.90 with targets at 37.85 & 38.55 in extension. Alternative scenario Below 35.90 look for further downside with 35.05 & 34.35 as targets...
Analytics & Forecasts
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Jiming Huang, 16 June 2020, 09:20
Pivot (invalidation): 17.1800 Our preference Long positions above 17.1800 with targets at 17.5500 & 17.7500 in extension. Alternative scenario Below 17.1800 look for further downside with 17.0300 & 16.9300 as targets...
Analytics & Forecasts
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Jiming Huang, 16 June 2020, 09:19