EmptyEternity

Yuan will devalue soon, US dollar $DXY will soar!

Long
MOEX:USDCNY   U.S. Dollar / Chinese Yuan
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.
Comment: Trade idea related to this currency pair that goes through other macro factors:
https://maroonmacro.substack.com/p/issue...
Comment: 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.