1- Dan Lok, motivation success coach that preys on impressionable 20 yos, sued by real owner of "his" mansion 😏 *********************** Yikes. The self proclaimed "best selling author" and "world's #1 closing & influencer business strategist" that got into 6 figures debt and failed 13 business attempt in a row before "becoming a multi millionaire that now wants...
USDCNH broke major uptrendline on daily frame Price respects major downtrendline Pair is based below resistance level at 6.9630 Below SMA 100 MACD shows bearish momentum It's expected for the continuation of bearish movement to target key level at 6.8165
We continue to enjoy profitable Bearish opportunity on this pair in the last 3 weeks as price moved over 350pips in our direction since my last publication (see link below for reference purposes). We might be looking forward to a last Bearish drive as the PBoC intends to promote the healthy development of offshore Yuan market. Tendency: Downtrend (...
After our last 2 call on this pair, we check for another opportunity on USDCNH pair. The market hs moved in lower high lower low pattern and tested 3 times the ema 21 that always rejected the move. Recently the price has retraced till the 0.5 fib level and now is pushing down to test again the weekly support. If the price will manage to break and close below the...
Hello dear subscribers. The dollar price in the previous chart for this currency pair showed a positive result and the price reached its target. However, the price continues to be under the influence of the downtrend and will not leave its borders. The price will fall to the support level. Good luck to you! If you liked this idea, please like and subscribe...
Since my last publication on this pair (see link below for reference purposes); price has moved over 500pips in our direction followed by a correction move with the anticipation of a further decline scattered all over the place! As USDCNH risk a further decline in the following week, a retest of my Key level is red flag to watch out for in the following week(s)....
Recent upbeat data from China standing in contrast to the sluggish US statistics, the Bears once again are gradually regaining control as Sellers bombard 6.9900 level, down 0.15% on the last day of last week. With a meagre 45pips since my last publication on this pair (see link below for reference purposes), my Bearish bias still persists as price action has been...
I believe that currently the USDCNH is having correlations previous to one of its last breakout patterns and that at the current price, it is a decent entry. I think currently this is mid risk. That being said, everything I say is on an opinion based basis. Please proceed with caution and do your own due diligence. Invest at your own risk.
Hi . The trend line on the USDCNH pair has been broken since May 28. Parameters : Position Size : %1 (0.01) Risk/Reward Ratio : 2.00 Leverage : 100x Stop-Loss : 6.99627 Goal : 7.0596 NOTE : If everything goes well here, the long position above Fibonacci 618 level can be tried again. Regards.
🔸 China Macro Flows 🔸 The point of this configuration is that CNH is influencing the currency, equity and commodity board that can be seen in AUDUSD, NZDUSD, OIL, Gold and everything in-between...USD's cannot make any use of the Yuan devaluation and this has been a threat ever since Saudi unlocked the CNY oil contract. For those tracking the Long-term Macro...
China Conflicts with us and eu could make this wave happens #USDCNH #USDCNY
The Chinese yuan continues to advance against the US dollar as the Chinese economy gradually recovers. The USD/CNH trading pair’s prices are widely predicted to remain bearish and possibly reach its support level in the first week of August. Bears are hoping to force prices to the range last seen in early March before the pandemic worsened around the world. The...
Helicopter view of USDCNH currency pair, and some ideas on how to act upon the recent price movements.
With over 800pips in our direction since my last publication (see link below for reference purposes), it appears that the Chinese Yuan is not reversing any time soon as USD/CNH risks a potential decline to the 6.9500/6.9300 area in the coming week(s). Tendency: Downtrend ( Bearish ) Structure: Harmonic (AB = CD) Observation: i. The fall...
USDCNH has been moving in a horizontal channel since July 2019. It already tested support and resistance 1 time, and now heading down to test support again. Keeping it on my radar to see if the price will hit the bottom of the channel by the end of summer 2020.
The Chinese yuan continues to see gains against the US dollar this Wednesday. Although yesterday the buck appeared like it’s forcing a recovery, there are more fundamental factors supporting the Chinese yuan’s case. The pair will likely reach its support levels this July thanks to the positive sentiment sparked by American investment banking company, Goldman...
Welcome to this analysis on USD/CNH. Looking at the daily chart, the price has been trading in a wide range between 6.85 and 7.2 since July. On 28th of May price tested the top resistant of the range and got rejected from there and created a Head And Shoulders reversal pattern at the top half of the range that just got activated by a break and close below the...
Waiting for a Full Retracement (TrendLine + Fib %) for entry.