US Dollar vs Yuan or US Dollar vs Offshore Yuan, technically they are establishing divergence. Above chart is my projection in time to come.
When Dollar vs Yuan moves lower, this means we are seeing a weaker Dollar and a stronger Yuan. See the following link for its video version.
The Chinese yuan, also known as RMB, is the official currency of China. It is...
The Chinese yuan, also known as RMB, is the official currency of China. It is used both onshore in mainland China and offshore in international markets.
The offshore yuan, also known as the CNH (Chinese yuan - Hong Kong), is the version of the yuan that is traded outside of mainland China. It is traded in offshore financial centers, such as Hong Kong, Singapore,...
The Yuan has clearly outpaced the US dollar . Over 8.5% increase in value vs. the USD since the pandemic.
The Euro is also gaining on the USD.
A lot of central bank games going on so it is very difficult to predict where the Yuan will go and if China will be able to sustain its current track.
China in my view will sustain and an 8% in value vs. the US dollar is...
Hey friends hope you are well and welcome to the new update from the forex market. The Chinese Yuan has completed the bullish setup and ready to move up against US Dollar. In today's article we will watch the different chart patterns and indicators that are giving signals for the bullish movement of an Chinese Yuan.
A big falling wedge:
On long term monthly...
Strong bullish rally and retracement at golden ratio:
The Chinese Yuan has been moving up with a strong bullish rally since June 2007 to January 2014 that is almost seven years that the Yuan has been moving up against the US dollars. Then from January 2014 to January 2017 the Chinese Yuan moved down and retraced at 0.618 Fibonacci level that is the golden ratio...
Hello everyone :D We have a double top with a hidden bearish divergence on the RSI. What that means is we have a higher high on RSI with a lower high in price. If you are looking for a short try and find a confirming pattern on a lower time frame!
Much love!!
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...
