The US Dollar’s movements against the Chinese one currency have not been mapped for some time, because some consider them rather boring. The bottom line about the pair is that the US Dollar is losing value against the Yuan.
However, the movements of various timeframes can be mapped in various scale patterns. Moreover, it can be observed that the currency exchange ...
The announcement over night that US President Trump would be looking to impose Tariffs on up to $60 billion worth of Chinese products, could further exacerbate the uncertainty surrounding the USDCNY. Have we finally found support, or will the Yuan continue to strengthen against the US Dollar? Trading Forex / CFDs is High Risk.
One of our favorite pairs. This Pair spits out pips at a rapid pace. The trick to this pair is patience. This pair rewards the patient.
So what do we have this week?
Outlook:
-Price @ 150 has been tested multiple times.
-Possible Right shoulder formation.
-Then look to short at the peak.
147.50 is target
145.00 Psychological
Fundamental:
-We have ...
The US Dollar has continued to lose ground against the rest of the currencies. The USD/CNH pair is no exception to this event. However, there is one interesting aspect to the decline of the Buck against the Chinese Yuan.
The currency pair recently stopped its decline and began to trade sideways. The move was initiated by a combined support of the lower trend line ...
One of market wizards once told that to find the trend we should squeeze the chart.
Frankly speaking I thought USDCNY is in a correction before I squeezed the chart, the Monthly chart.
The pair had a Mega GAP in 1994.
It looks like we have an echo from that distant time in form of a downside impulse, which is filling the gap.
We could be in the last large wave ...
The US Dollar has been plummeting against the Chinese Yuan during the second half of August. However, it seems that the decline of the Buck against the Yuan has ended.
The currency exchange rate has met the support of a rather week long term descending channel pattern near the 6.5240 mark. It is possible that the trend line managed to hold its ground because of ...
Do much short on Yuan and it is about to continue unwinding/
I am standing with BEAR.
We still have possibility of the pair going 6.6.
Trade Safe
s0nic
Probable nice CUP O´COFFEE Formation in the Yuan.
Devaluation has been happeningin steps of 150pips. so this could be a long and paced devaluation (but pretty safe according to Macros).
Macro Astro Mr. Kyle Bass has cited:
KYLE BASS: 'We are facing the largest macro imbalance in global history'
Rachael Levy 01 Jul 2016 6:58 PM 611
Kyle Bass.
"We ...
AUDJPY has been in a downtrend for sometime now. We rejected the .618 fib level of the last leg and broke back thru support/resistance of 83.7. We're now looking for a retest of this level of the 1/4 hour and going to sell into potential new lows. Read my article about making 50% returns below.
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The USDCNY decreased 0.0027 or 0.04% to 6.8974 on Friday April 28 from 6.9000 in the previous trading session. Historically, the Chinese Yuan reached an all time high of 8.73 in January of 1994 and a record low of 1.53 in January of 1981.
Bitfinex laid an egg. Of course, Wells Fargo Bank did all the heavy breathing. And, then the price explodes to an all time high. But... it's not real. In fact, it's price discovery chaos all over bitcoin world. Let's dig a little deeper.
I have been reporting for months and months that there is a war going on between the PBoC and the Chinese bitcoin ...
As prices have achieved new highs we have the grounds to declare a possible intermediate top.
Divergences continue on RSI and EWO - note the clear divs between 3 of (3) and 5 of (3), and again between (3) of 3 circle and (5) of 3 circle.
Change in direction of volume adds evidence to intermediate top as we see volume increase through (3) and steadily decline as ...
