USDCNH bounced off 6.9863 where it could potentially rise further to 7.0901. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCNH bounced off 6.98629 where it could potentially rise further to 7.09012. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
There is a reversal H'N'S pattern is in the making. Watch breakdown of the Neckline. Target is set at the distance of the height subtracted form the Neckline. Invalidation is above the Head of 7.1959
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USDCNH bounced off 7.01526917 where it could potentially rise further to 7.09012153. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
In today’s #marketinsights video recording, I talk about #Fed's rate cut and identify the main components leading to their decision. I also talk about their decision toolbox and wonder whether they should start looking at slowing inflation with a different eye? One that doesn't look at trade wars with such certainty. With Fed, BOC and now also BOJ out, we can't...
USDCNH bounced off 7.03548 where it could potentially rise further to 7.10789. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCNH bounced off 7.04673 where it could potentially rise further to 7.10789. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCNH is expected to drop to 1st support at 10.67524 where it could potentially react off and up to 1st resistance at 10.74484. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCNH bounced off 7.05036 where it could potentially rise further to 7.10789. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
+324 pips Attempting to make new lows.
With US and China likely to have found a temporary truce in their Trade War till the APEC meeting in Nov, and USDCNH trading into the daily Ichimoku cloud, the time to re-visit a short in USDCNH may soon be at hand!
USDCNH form Head & Shoulder Bearish pattern Nick Line already broken but some up correction wave push price up , now price fulling down to continue bearish direction Volume Profile show all areas could hold price a while
Reportedly China and the US have agreed on phase 1 of a trade agreement. China agreed to not further devalue its currency and buy more soy beans from the US. However this agreement has not been signed so far. Looking at the USD/CHN chart it looks like this story will be a different one. CNH has significantly weakened and broken out to the upside a 3 wave pullback...
Weekly $USDCNH ended a trend recently, starting a consolidation period, as it has done since it bottomed this year like I anticipated. Upside movement in this pair is likely tied to money flowing outside of China via Hong Kong, which is also linked to money flows towards $BTCUSD to dodge capital controls possibly. The next upswing in this pair hasn't yet...
USDCNH found resistance at 1.272 level as expected. Our view is still on the upside targeting the 1.618 extension to close the ABCD pattern.
Hi, today we are going to talk about USDCNY We observe a daily chart , some important points. The details are highlighted above. Thank you for reading and leave your comments if you like. Join the Traders Heaven today, for more exclusive contents! Link bellow! Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never...