Tensions are likely to increase further with China's proactive actions in Hong Kong, Huawei, Trade issues and the ongoing pandemic. New tariffs on chinese goods, amid already strained relations, would likely prompt the Chinese to devalue.
7.165 has been a price ceiling since October when trade tensions begun to cool on talk of phase one deal. Possible scenarios US/China tensions flare up = level break US/China tensions die down = level holds
The nerve-racking trade tension between Washington and Beijing has propelled the US dollar to the Chinese yuan exchange rate. Signs say that the pair will continue to head upwards, reaching its resistance and surpassing its highest levels from late last year. looking at the pair, it’s evident that it has just become bullish last month when the 50-day moving...
Hello dear subscribers! The price of this currency pair is constantly changing. In the previous chart about this pair, there was a classic cup and a handle pattern and it worked! The price hit the resistance level and turned in the opposite direction. The price will continue to fall to the target. Good luck to you. If you liked this idea, please like and...
Hi subscribers! The price of the Dollar wins over the Chinese national currency. The price will rise to the level of resistance. Good luck to you! If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
A nice ab=cd forming, short the USD against CNH take profit around 6.95000
Net Short Buyers: 6 Cumulative Quantitative Power: 1250 Signal: Sell with the above chart parameters.
Hello dear subscribers! The economic battle between the Great Powers continues. The price of the Dollar shook at the beginning of May, but as soon as the price of oil began to rise, the American currency strengthened in the world market, and this is facilitated by the currency printing press, which operates at full capacity. So the price will develop...
USDCNH broke key level at 7.0990 Pair is downtrend Price is based below HVN at level 7.0931 which indicates that pair is in distribution phase RSI rebounded from level 50 which is considered to be resistance level It's expected to test the demand zone at level 7.0525
Trapped net sellers Q1: 12 Cumulative Quantitative Power: 2220 A buy order executed.
Hello dear subscribers! The price of the American dollar will rise, because America is selling the securities of Chinese companies, we are talking about 50 billion dollars that were invested in the fund in 2017. This money will be withdrawn from these assets, thereby undermining the economy This means that the price of the Dollar will rise and reach the...
Target is equal length. It will continue swing pattern down.
USDCNH Trading Plan Riks Reward 1:3