Measured Move in the CNY

FX_IDC:USDCNY   U.S. Dollar / Chinese Yuan
The Chinese CNY has further to devalue against the USD as a result of the ‘Trade War’.

With the Chinese providing a floor underneath Gold , buying when it gets to their price, there is thus further to go in the sell off of PM’s and their mining stocks.
I think it is possible, that we see another downmove before wave (5) starts.
Cincinnatuus StefanBode
@StefanBode, People always miss the runaway market in a relentless C-wave, waiting for that pullback. This is a momentum market. Ya gots ta git on and ride! Until She bucks you Off!
+1 Reply
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