Republishing this from my USDCNY post. 1. Head and Shoulders pattern 2. MA's + PA show a bottoming pattern 3. China will devalue the Yuan (Remnimbi) 4. Dollar DXY will go over 106 5. Gold XAUUSD will go below $1,500 oz. 6. Silvere XAGUSD will go below $15 oz.
Trade idea related to this currency pair that goes through other macro factors
10, 20, 30 year yields mirror this PA - and show USD will be going up as yields are starting to. When China devalues the Yuan, the FED will be helpless to push it down unless they go all in on YCC via UBI. Then you'll want to pivot into XAUUSD or XAGUSD.