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Aug 18, 2020 9:20 AM

USDCNH ANALYSIS Short

U.S. Dollar/Chinese YuanFXCM

Description

USDCNH broke major uptrendline on daily frame
Price respects major downtrendline
Pair is based below resistance level at 6.9630
Below SMA 100
MACD shows bearish momentum
It's expected for the continuation of bearish movement to target key level at 6.8165
Comments
ProjectSyndicate
excellent technical setup, and great summary. thumbsup!
InkyGrip
Great call , im also short here, check my ideas if u like!
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