Details on chart. 6.91 first target. Lose small and win big cheers, Pipdified.
After a long rally, the dollar looks weaker during the last sessions (as a whole). So, Long put against their formidable adversary, and we will adjust accordingly if things go the other way. It's easy to do with options (one should always hedge their positions anyway). Good luck and take care!
View On USD/CNH (27 May 2019) We can see that it has hit decent strong resistant region of (6.9 to 6.95) and it make take a pullback for now. So, it can make a pullback to 6.88 to 6.86. So, do not aggressively go LONG at this moment. All the best. DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading. Whatever method you...
Spike in Yuan Spread: Prelude of what will happen to Yuan Welcome back to WasabiChart! Hi Everybody~ This is Wasabi. I how you all enjoy a great weekend. Today, I am going to introduce a new indicator showing the spread of the two Yuan currencies, CNH and CNY, in percent and we can apply to the current market situation. The first chart is China Shanghai...
USDCNH about to reach another climax. watch out for the sharp drop. Please share your thoughts and views on my analysis and don't forget to like it and share with others.
With the trade war tension building up and de-escalation no where to be seen. China government has started depreciating YUAN to counteract against Donald Trump's Tariff. 7 is a easy target( tariff 25% ). We will see more upside unless a resolution has been made. There is a high probability that we will see record high in usd/cnh.
Open buy above 6.9187 - Uptrend - Powerful triangle
Looks like China's on the move by devaluing their currency against the dollar. This looks to me to be further escalation. Bloody Friday in US equity markets tomorrow?
The pair is in a consolidation, which looks like a triangle. It will shoot up and could reach 7 handle.
As you can see Bitcoin's come back is due to one main reason, the Chinese Yuan is declining. #Bitcoin #BTC $BTC #crypto #cryptocurrencies
Weekly T@M signals imply $USDCNH might be basing before rallying from this juncture. Will be interesting to monitor developments in this pair, as fundamentals present complex issues, related to trade talks with the US and the price of commodities as well. The largest distribution pattern led to a signal that exceeded the target, but ran out of time, followed by a...
LONG USDCNH Entry: 6.7120 SL : 6.68455 TP : 6.8300 Market reacted and broke above descending trendline resistance (now support). Market also now above EMA (34). MACD also shows a bullish crossover and now also entering bullish territory.
Watch out for corrections for buys for USD/CNH to break out to make one more high on 4hr. I at least would expect a 3 wave to break trend line considering this small wave appears to be an impulse wave.
I've been saying if usdcnh takes off to the upside it can be a large trade out of an expanded flat. It has double bottomed and bounced off the 800MA on daily twice and turned up. The horizontal green line was marked at the 200MA on the weekly as of right now. So even of it were to correct for one more wave down to that level I would still expect at least a larger...