High positive BTCUSD - CNHUSD correlation in short term.
Beggining to fade or suffering a temporary disconnection.
Also of note, CNH was leading, now it shifted and BTC seems to be leading CNH.
based on idea from @martinlukeaof
Recovery from the 2019 May dip in global equities markets from the hard work of Communists (current and ex)... ? China equities and the Chinese government actions on the Chinese yuan ( CNY ). Russian equities and the Russian ruble (RUB). And also JPY and Gold.
What happened last time...:
Clearly, we hit a very strong support...
What's this? It's a Bird...It's a Plane... NO! It's the Chinese Renminbi making a double bottom on the monthly chart! And a higher LOW! WOW!
The US are turning socialist and the FED have DESTROYED the us dollar. It...
With large account deficits, disinflation and widening interest rate differentials there are many reasons to not be bullish China.
Whilst on the political side there is a desperate need to keep CNY stable and stronger because China needs to attract capital inflows for the second half of 2019.
Because they are trying to facilitate the process of...
Here we are getting very close to the moves and trading the initial breakup in this final 5th wave on the large timeframes (see attached: "Adding upside exposure on a correction" for more details on this count).
Dollar strength is coming to our screens, time to position.
Best of luck