JFD_Research

USDCNY - Daily - Most popular topic recently: "Trade War"

FX_IDC:USDCNY   U.S. Dollar / Chinese Yuan
Trade Alert

For now, it seems that this pair could continue shifting north towards our key levels of resistance. With China, potentially, trying to solve their export issue, they could devalue their currency a bit more, in order to make their exports more attractive. This could drive USDCNY a bit higher again. Please see the chart for potential targets above the current rate.

On the other hand, do not exclude a possibility for a bit of a correction to the downside, in order for the bulls to jump in again at later stage. Also, please see the chart for details.

Don't forget to have your SL in place.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out