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MMFXSignals

USDCNH ANALYSIS

Short
U.S. Dollar/Chinese Yuan (FX:USDCNH)  
MMFXSignals  
FX:USDCNH   U.S. Dollar/Chinese Yuan
Trend Lines Support and Resistance Technical Indicators Forex Currencies USD CNH USDCNH exotics sellsignal signalprovider
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trendline supportandresistance indicator forex currencies usd cnh usdcnh exotics sellsignal signalprovider
USDCNH is trading in downtrend
Strong bearish wave (a) ended at level at 6.6280
then corrective bullish wave (b) rejected from strong daily supply zone corresponding to 38.2% Fibonacci level at 6.6797
Below SMA 100
MACD shows weakness in bullish momentum
RSI broke uptrendline
Below HVN at level 6.7331
It's expected for coming strong bearish wave (c) to target level 6.5500
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