Exploring the "Condor" : A Look at the Chinese Yuan Futures In the realm of option trading, the term "Condor" refers not to a bird of prey, but to an intricate options strategy known for its non-directional nature. This strategy, aptly named after the wide-winged condor, involves positioning four options at once, aiming to profit from low volatility in the...
USD Strength on back of weak global growth has been the story so far, with upcoming CPI in the line of sight, getting the conviction on rate cuts will be firmed up. This could have an impact on USD Strength. Alongside this Local growth in China is showing positive signs which could be partially offset by some Trade tariff impact. However my view is Ascending...
- The U.S. Dollar Index witnesses 1% decline - RBA expected to maintain rates for longer - BOE likelihood of rate cuts rises - Release of key inflation indicators in China: CPI and PPI Last Week's Major Events Last week, the U.S. Dollar witnessed a decline of approximately 1%. The move came as a result of multiple factors explained below. On Wednesday, May...
As we delve into the technical landscape of USD/CNH, it's imperative to highlight several key indicators, patterns, and price actions that provide a comprehensive view of the currency pair's current and potential future movements. The latest candlestick formations reveal a pronounced fluctuation with a minor upward bias, closing at 7.23310 CNH. This aligns with...
Bull trend is slow. The trend line is broken. We move pair to down, best target 7.1250
We see potential upside after WXY pattern closing. That's the ABC uplift.
There is a possibility of further upside. That's the ABC rise.
There is a possibility of further decline. That's the ABC drop.
Price look bearish in my eyes due it met weekly resistance with potential sfp on weekly time frame. There are alignment with weekly sfp on daily chart. Therefore i will be interesting to look into short positions from manipulation move i have highlighted following days. Shorts is valid for me till the price will take daily low (liquidity) out.
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
We see triangle, resistanse or 7.365. Target and try short us dollar to 7.00 and lower.
Hello! I think this rally on USDCNH is going to be incredible. We must wait for a confirmation 1D candle close above the level. I think the main target will be at 8.00. 8 is a lucky number in the East. Be patient, and protect your deposit. Unfortunately, there has been a regularity for the last 3 years that new highs in currencies are connected with a war...
We see the possibility of a drop after the ABC close. It's a flat pattern.
There is a possibility of further upside after the closing of the 5 waves. It's going to break down the low.
Fundamentals & Sentiment USD: The sentiment has been bullish for a while as US CPI remains sticky. As the dollar gained strength. However, it became overpopulated with buyers, as evident from CFTC reports. So, it should take some trigger for those buyers to start covering their longs - a good potential for dollar downside. The CESI differential for USDCNH has...
There is a possibility of an additional rise after the 5 waves. It will break through the highs upward.
There is a possibility of further upside after the closing of the 5 waves. It was finally finished in a diagonal pattern.