The next upswing in this pair hasn't yet confirmed, and it could take a few weeks to occur, which the last Time@Mode trend signal predicts will possibly happen by the end of October. The weekly has formed a new 8 week accumulation level up here (see cyan boxes), so it could flash a buy signal as soon as there is a rapid upside move in this timeframe, from next week onwards...
I'll keep an eye on this very critical pair, the current situation in Hong Kong is bound to create some shockwaves in the currency markets, and possibly crypto I think. Let's wait and see...I'm currently short $BTC, waiting for it to bottom, this pair might be a good indicator for that.
Given risk off moves today, $USDCNH is climbing, if it moves over 7.16343 the weekly signal will be active ahead of schedule. Might be a good signal for #Bitcoin, and also a good FX trade.
Bullish fireworks might start going off very soon...end of October is here.
Time to go up...