TomProTrader
Long

#USDCNH: Post Correction, Bulls In For Continuation Move!

FX:USDCNH   U.S. Dollar/Chinese Yuan
57 1 11
Traders, really good opportunity to get into this pair!

Fantastic opportunity to go long on this set up. There is some extremely bullish candlesticks at the bottom of the range, at a major Fibonacci confluence support and the 50 moving average , suggesting we have hit a MAJOR hidden support. The candlesticks at the bottom of the range speak for themselves, there is lots of buying pressure at this level. Expecting some very nice upside here.

For more information in joining my professional signals group or professional online trading tuition, Message me directly on Trading view or email me with the email address on my Trading view profile
Thank you Tom! I have the same view with you. We now have the first round of RMB devaluation for 1 year by PBOC. The CPI from China is dropping so they have to do something for pushing inflation up. The second round is coming. I think it's a plan of QE purchasing bunds because RMB rates cutting is limited. China 10 years bonds yield has big space going down even BOJ is interesting in buying them but needing a tax negotiation before BOJ steps in.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out