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.
Tomorrow morning the USD will see massive movement off job numbers dropping. Personally I am short on USD. Long on GBP and CAD against USD. CNH has seen 200 ema cross over 50 ema so we will see the movement down. Price has also came to retracement on 4hr time period. BIG Ws. Stay tuned will be updating tmr when news drop 8:30am EST New York session
Even though we held on to a 400pips move in our direction since my last publication on this pair; a sudden breakdown of Channel and Trendline coupled with the appearance of a Head & Shoulder pattern (see previous publication in the link below for reference purposes) insinuates a bearish momentum is imminent.
Further consolidation amidst a mixed outlook remains the...
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...
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...
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Trade Safe - Trade Well
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of...
USDCNH drops below 6.6917, down 0.39% intraday. China will not only overcome the coronavirus pandemic but will also aim to become the world's largest economy which could be favouring USDCNH bears. ( China's communist party 2020 GDP to exceed 100 TRILLION YUAN)
A clear break of the one week old support line could drag USDCNH prices towards the monthly...
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...
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...
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...