Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The price moved against expectation as it continues to find lower lows in the last one month (you might want to see the link below for reference purposes);
As part of China’s move to create awareness of its digital Yuan, authorities in Shanghai is planning to distribute $3 million worth of the central bank-issued currency among residents of Shanghai in the form of...
Description :
Movements between the two currencies fluctuate sharply, as the dollar has fallen about 10 percent against the yuan since last year.
But it is close to a support that is about 3 years after the last collision. Also, the dollar index has been declining over the past year. It is possible that we will see the sheet return after the support collision...
Hi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover my next analysis.
Also let me know your thought in the comment section what you...
The prospects for further downside in USD/CNH remain a dominant subject amongst market makers as China is rolling out a digital yuan that will make her the world's second-largest economy the first country to create its own digital currency; I see a Reversal setup building up with structural tendencies that might drive the Greenback to higher highs in the coming...
This is very likely a one-way move (up) here - as all previous examples would illustrate.
Most importantly, this is one of (if not "The") most lopsided FX (and debt, and credit, etc.) positioning currently on the entire Globe! (Everyone and everything is currently Net Short the Dollar vs. the Yuan!)
Ergo, as this move gets going (up) it is only likely to gain...
We saw the price decline and move over 1,000pips in our direction since my last publication before the rally began during last week trading session (see link below for reference purposes). Despite the general perception that the USD is on the verge of a rally due to the sudden & rapid rise that appears to be running ahead of itself during last week trading...
This has been plummeting for the best part of a year. It recently broke another support and is now retesting it as resistance. If we see MACD turn lower and EMA's do not cross higher then this should continue down to the next supports.
Keep in mind this has been oversold on RSI since September so don't be too overconfident as there is always the chance of a...
Worth keeping an eye on this. Looking on monthly and weekly timeframes this has plummeted hugely, at some point there will be a correction. It has levelled off recently so there may be an opportunity now. To enter this I would like to see the price rise above the most recent resistance marked with the blue rectangle, if the price then holds here as a support a...
It has been months since I published any speculation as our last publication on this pair saw us bag over 1,000pips ( see link below for reference purposes).
China is on the brink of launching its CBDC - Digital Yuan. To facilitate its smooth launch, the digital yuan had to undergo several testings. In line with this, the government in Shenzhen, a metropolis in...
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 (...
