Jiming Huang / Perfil

Working closely together for a period of 15 months, the Italian government run by the coalition composed of left-populist party Five Star Movement and far right Lega is on the verge of collapse...

Pivot (invalidation): 52.25 Our preference Long positions above 52.25 with targets at 53.15 & 53.75 in extension. Alternative scenario Below 52.25 look for further downside with 51.70 & 51.25 as targets...

Pivot (invalidation): 16.8900 Our preference Long positions above 16.8900 with targets at 17.2100 & 17.3200 in extension. Alternative scenario Below 16.8900 look for further downside with 16.7800 & 16.6600 as targets...

Pivot (invalidation): 1495.00 Our preference Long positions above 1495.00 with targets at 1510.00 & 1517.00 in extension. Alternative scenario Below 1495.00 look for further downside with 1489.00 & 1481.00 as targets...

Pivot (invalidation): 2970.00 Our preference Short positions below 2970.00 with targets at 2910.00 & 2880.00 in extension. Alternative scenario Above 2970.00 look for further upside with 2994.00 & 3015.00 as targets...

Pivot (invalidation): 11735.00 Our preference Long positions above 11735.00 with targets at 11870.00 & 11990.00 in extension. Alternative scenario Below 11735.00 look for further downside with 11650.00 & 11570.00 as targets...

Pivot (invalidation): 5.4640 Our preference Long positions above 5.4640 with targets at 5.4880 & 5.5150 in extension. Alternative scenario Below 5.4640 look for further downside with 5.4420 & 5.4250 as targets...

Pivot (invalidation): 0.6780 Our preference Long positions above 0.6780 with targets at 0.6820 & 0.6850 in extension. Alternative scenario Below 0.6780 look for further downside with 0.6750 & 0.6725 as targets...

Pivot (invalidation): 1.3245 Our preference Short positions below 1.3245 with targets at 1.3185 & 1.3160 in extension. Alternative scenario Above 1.3245 look for further upside with 1.3260 & 1.3285 as targets...

Pivot (invalidation): 0.9760 Our preference Short positions below 0.9760 with targets at 0.9725 & 0.9690 in extension. Alternative scenario Above 0.9760 look for further upside with 0.9785 & 0.9810 as targets...

Pivot (invalidation): 106.25 Our preference Short positions below 106.25 with targets at 105.75 & 105.50 in extension. Alternative scenario Above 106.25 look for further upside with 106.60 & 107.00 as targets...

Pivot (invalidation): 1.2125 Our preference Long positions above 1.2125 with targets at 1.2150 & 1.2165 in extension. Alternative scenario Below 1.2125 look for further downside with 1.2110 & 1.2095 as targets...

Pivot (invalidation): 1.1215 Our preference Short positions below 1.1215 with targets at 1.1175 & 1.1155 in extension. Alternative scenario Above 1.1215 look for further upside with 1.1240 & 1.1265 as targets...

The New Zealand dollar tumbled more than 1.8% during the Asian session amid a bigger-than-expected rate cut from the Reserve Bank of New Zealand. The Kiwi fell as much as 180pips to 0...

Speculation is now a fact: the Swiss National Bank is actively intervening on the market since mid-July to stabilize the currency...

Pivot (invalidation): 51.70 Our preference Long positions above 51.70 with targets at 53.15 & 53.75 in extension. Alternative scenario Below 51.70 look for further downside with 51.25 & 50.55 as targets...

Pivot (invalidation): 17.0200 Our preference Long positions above 17.0200 with targets at 17.2400 & 17.3200 in extension. Alternative scenario Below 17.0200 look for further downside with 16.8200 & 16.6700 as targets...

Pivot (invalidation): 1491.00 Our preference Long positions above 1491.00 with targets at 1510.00 & 1521.00 in extension. Alternative scenario Below 1491.00 look for further downside with 1481.00 & 1472.00 as targets...

Pivot (invalidation): 2847.00 Our preference Long positions above 2847.00 with targets at 2913.00 & 2935.00 in extension. Alternative scenario Below 2847.00 look for further downside with 2822.00 & 2805.00 as targets...

Pivot (invalidation): 11570.00 Our preference Long positions above 11570.00 with targets at 11745.00 & 11870.00 in extension. Alternative scenario Below 11570.00 look for further downside with 11485.00 & 11380.00 as targets...