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.
Going short here. A head and shoulders reversal pattern appears to be forming. If it breaks the neck line theres no major support that would stop it until the red zone I marked out. My two target prices are marked by the green X's. A "by the book" a head and shoulders pattern usually breaks down the length of the original head after retesting the neckline. I...
Price contained within ascending channel. Divergence noted on the H1. For educational and demonstration purposes. Trade at your own risk.
See chart for illustration Lower time frame will be published soon as price action is been monitored
This is the USDCNH on the 3day. Big breakout day today, breaking pretty major weekly/monthly/quarterly highs here. I'd start looking for shorts/profit targets around that 4.618-5 area, I'm thinking we test 7.2-7.25.
sistance here, got some great R:R, is worth a punt imo . Stop invalidates the setup, potentially looking to long if this trade becomes invalid. Ideally would like to see that gap getting filled. GL
We see a bearish impulse down. Price is now in corrective phase. Expecting to see a continuation downward followed by another flag. Trade at your own risk. This idea is for demonstration and educational purposes only.
USD/CNH, D1: Resistance zone + Oversold & Divergence on RSI(14)
Details on chart. 6.91 first target. Lose small and win big cheers, Pipdified.
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.
as we see USDCNH make a double bottom and it's already break the trendline. so we have to wait for the candle breakout from the neckline.
Love this pair, been riding this thing for a long time, go out when it retraced and now I'm ready to get back in. Watching price action, we should see it stop at this resistance zone, I don't see it going very high up into the zone, but watch price action and when you see bearish momentum in shorter time frames look to get in. There is also bearish divergence...
Stop loss, entry price and targets are mentioned on graph.
Regardless of winter USD rate-hike the Yuan will continue to show relative strength.