MMFXSignals

USDCNH ANALYSIS

Long
OANDA:USDCNH   USD/CNH
USDCNH is based above key level at 7.0410
Price broke corrective downtrendline
Pair is forming inverted Head & Shoulders pattern
Price is based on HVN at level 7.0822 which indicates that pair is in accumulation phase
MACD shows starting of bullish momentum
RSI is in uptrend
It's expected for coming bullish wave to target resistance level at 7.1980

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.