Wild Guess on USDCNH

FX:USDCNH   U.S. Dollar/Chinese Yuan
Yuan's been devaluing since the trade war escalated and it's been under heavy pressure on exporting.

China's has been calling to defend 7 for the last couple years, but they barely had that calls for this year. Even though it was a joke to call China a non-currency manipulator.

Here's my bold prediction:

1. China will strictly tighten their currency flow, way tighter than it even had before.

2. They'll keep CNY and CNH apart from each other.

3. 7 is just a psychological number, if they are trying hard to defend their export, 7 or maybe 8 is totally acceptable for their economy.

4. DXY is still strong even though Trump trying so hard to hammer it down.

5. The most likely pattern it shows is Cup & Handle pattern, on weekly and monthly chart.

6. Trade war will eventually ends with a 'deal', it's just both two nut heads won't claim the 'loss' on their media.
Comment: '7' Breaks
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out