Gold doesn't seem to change over there.
Long term view of GBP/CNY target to 6 before end of 2026.
Technical Analysis i) Looks like a Cup and Handle formation for USD/CNY on the weekly chart. Looking to short play the Handle, looking for entries between 6.62 - 6.64 down to 6.48 level. ii) Our most likely scenario (1), will have a pullback from the Handle down to the 6.48 level from their should look for some long positions up to 6.8 level. *ii) However, as...
The WXY countertrend corrective structure looks completed. The minimum target for another drop is at the earlier low 6.2360. MACD already sends bearish divergence signal and more over dropped below 0 into the negative territory. Risk/Reward is over 2.
End of correction. Catch the drop Entry now (1.2790) Stop 6.2967 Target 6.2358
These guys are manipulating the prices since a long long time, here's the proof
Tonight we have US retail sales data to be released, with analysts forecasting strong data of 0.3% from last month’s -0.3%. If data comes out as expected or higher, we could see the beginning of some USD strength. However, even with USD strength, I’ll only look for trades with USD strength in USDJPY (bouncing off 106.50) or AUDUSD (buoyed by positive CNY data).
We recommend selling AUDCAD targeting 0.9914 (50-day moving average), with stop loss 1.0150 (above recent highs) for a total reward-to-risk ratio of 2:1. As discussed in Asia Pacific: US tariffs: A minor setback for now, 2 March 2018, the steel tariffs reinforce our view of AUD underperformance on the basis of late-cycle domestic dynamics, and an expected...
i dont know what this means, but someone who trades Forex will see the correlation here and see were going towards a (profitable, either +/- divergence). these "fiat" currencies play a role in btc/usd (just as the yuan depreciated, btc rised, what do people buy when dollar deprecates to secure their wealth? what do smart* adjusted to the environment were in do i...
BTC has developed a repeating fractal as show by the two sets of green arches on the chart. We are still moving within a bullish flag, and considering the last time we had a prolonged consolidation period was at $6k this multi week correction is well needed. The green box shows short term support on 4 hour candles. The yellow box is a likely reversal zone as it...
It could take more time for this pair to finish a WXYXZ correction. The last wave X could shape a triangular ABCDE formation. Break below D point would signal a move down.
A bullish pennant is forming. China environmental reform will take a toll on growth and generate inflation. PBoC will probably not be very inclined to tighten policy as this might hurt economic expansion even more and will tolerate higher level of inflation, thus delivering lower real rates that will in the end help CNY depreciate.
After the 1.5 year trend break a while back the Yaun has been on a massive bull run(Remember the Yaun is stronger when the USDCNH falls), but now it is hitting the original bearish trend line at the same time as the Chinese government is making it easier to bet against the Yaun given that they are no longer worried about an uncontrolled bear market. The setup is...
Just an expectations based on price trends.
One of market wizards once told that to find the trend we should squeeze the chart. Frankly speaking I thought USDCNY is in a correction before I squeezed the chart, the Monthly chart. The pair had a Mega GAP in 1994. It looks like we have an echo from that distant time in form of a downside impulse, which is filling the gap. We could be in the last large wave...
target? = TOP 15 crypto Now will be pumped by C3eators group Have a question? P.M me
The pair is in a corrective move. Possibly W-X-Y double three.