US Dollar vs Yuan or US Dollar vs Offshore Yuan, technically they are establishing divergence. Above chart is my projection in time to come.
When Dollar vs Yuan moves lower, this means we are seeing a weaker Dollar and a stronger Yuan. See the following link for its video version.
The Chinese yuan, also known as RMB, is the official currency of China. It is...
The US dollar-Chinese yuan pair ( USD/CNH ) has been trading on a bullish pennant pattern since April of this year, and is currently testing the critical 7.00 threshold, which corresponds to the close of July 2020 and 78.6% Fibonacci retracement level (2022 lows to May 2020 highs).
Following the PBoC's decision to reduce Chinese domestic banks' forex reserve...
Hello everyone
USDCNH broke a uptrend channel
and now we retested the broken uptrend we should expect a drop to the demand zones
or this could be a fake breakout and we head back into the channel
weekly candle close is very important
:) watch chart notes and feel free to ask any thing
