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DmitryZZZ

USDCNY short. w46 2020

Short
U.S. Dollar / Chinese Yuan (FX_IDC:USDCNY)  
DmitryZZZ  
FX_IDC:USDCNY   U.S. Dollar / Chinese Yuan
Chart Patterns Trend Analysis USDCNY
1
0
chartpattern trendanalysis usdcny
Monthly
Downtrend Overall
Bearish market = only sell positions
Looks like pullback in downtrned
snapshot

Weekly
Downtrend strong. No much support of buyers - quick
snapshot

Daily
Downtrend - enters on pullback.
Good time to short due to

1. Asia created block against USA. Strenght CNY.
2. DXY rather will be weak due to quantative easing policy. Weak USD.

RSI no so oversold
snapshot

Open
On pullback 6.5750
TP 6.4850
SL 6.6000

RR 3.3
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