This is for those of you who are trading USDCNY. It's hard to trade something as protected as USDCNY, but know that given a long enough time period, nothing escapes triangular geometry.
Full analysis here: www.bitcoinerrorlog.com
Here The Pretty Nice Setup To Hunt The Arbitrage Opportunities On Chinese YUAN.
We left top from the triangle now we should go up
When we leave top of the triangle it is a big chance for further growth
China's central bank guided the yuan lower on Thursday FX_IDC:CNYUSD . China's first shock devaluation in August jolted the global financial markets and Indian currency "INR" was also affected by this sudden move. This second devaluation has come at such a crucial time, when money market was expecting strengthening in "INR" and start of appreciating trend. Can...
China. It's been in the media? It's being painted as the bad guy! Well unlike Kim Jong Un Dropping H-Bombs China will drop some more bombs in the future but it will be devaluaing the Yuan Yuan is now in the SDR and many countries are going to start adopting more and more. We see a devaluation to 6.8 maybe slightly further until you will see the yuan gain...
The cryptocurrencies have been back in the news recently, in light of Bitcoins astronomic resurgence. Although it would be naive to believe that any one thing can be the driver behind the 150% increase over the past few months, significant parallels however can be drawn with what has been going on in China. Now, I don't want to bore you, but for those who don't...
Red indicator represents the premium to buy bitcoin on CNH exchanges converted to USD. Blue area is USDCNH
_ Certainly China is in trouble Today yes, We can easily see a downtrend ,..., but on the other hand, if we remember the cover of "The Economist 2015" , look: Chinese cover was represented by: a muscular panda(¡?) , what which suggests, for nothing prestijiosa owners of "the Economist", is the "Rothschild family" said,,, that China may quit recover in long term...
The proof is in the pudding, well it is in the globalized failing of quantitative easing. Abeconomics is no different. Japan Prime Minister Shinzo Abe will continue to feel pressure as his "three arrows" economic policy fails to push consistent economic expansion. Japan's economy shrank 1.6 percent on an annualized basis with falling exports and contracting...
The term 'currency manipulator' should be useful for the US again to label China ;) Who will win this devaluation war? Absolutely no one when everyone is devaluaing their currency, and even US will probably not raise rates during December.
Hi guys, First, my apologies that I've been away for a while. I've been so busy with my studie and moving to a new room. Now when it's vacation I finally can spend the time on my passion: charting and trading. I'm following a pattern since may of 2015. My explanation might be a bit hard to follow because I'll mention some fractal and some (normal) pattern...
Technical - Bullish Cypher has formed. Its parameters are 78.6,61.8,178.6,70.7/78.6 respectively. - Looks like a head and shoulder will be formed in the future - MACD and RSI shows indication of no supply - The big green candles do tell me there's high demand. - Beware of Parabolic whipsaw - Use S1 for entry if you missed the 70.7 Fibonacci level Fundamentals -...
Ichi cloud support at 1475 and fib support at 1300 and 1400.
Double bottom can hit 6.424 once pivot at 6.267 gives up. I know it is not open economy but let us see if it will work.
I never Trade $USDCNH, but the chart is very clean. I am add this pair to my watch list. The pair is testing the resistant 6.271 . I like to see more deeply on this price area. So far my down side target still my Daily Lower Ascending MedianLine. I am shooting this for short term.