We expect the USD weakness across the board, specifically on the USDCNH pair. This could be quite a substantial downtrend, considering the price action around the uptrend and the downtrend trendlines.
The UNDCNH pair has been my favorite pair for the past 3 years now. I have made a lot of money with it. I wanted to point out something I noticed with historical data and current data to do with CNH, AUD, NZD pairs. Watch the video and see if you can spot it yourself.
The chart shows that the market is sideways hence we place sell stop and buy stop in case the market transition into a trending market
According to my analysis you can take profit on both cases like Bullish and Bearish Market
According to my analysis you can take profit on both cases like Bullish and Bearish Market
USDCNH - Support & Resistance Levels with potential entry points in case of breakouts.
- 💹 Chinese stocks and yuan surged after leaders pledged policy support for post-COVID recovery. - 🏙️ Beijing to focus on expanding domestic demand and preventing risks. - 📈 Tech giants and property developers' shares rose significantly. - 💸 Foreign investors bought nearly net 19 billion yuan ($2.66 billion) of Chinese shares. - 🛢️ Other sectors saw gains between...
USDCNH is in Bullish Phase, Still it doesn't break last HL and THere is no Bearish Divergence
Another exotic pair, exercise careful actions when trading these pairs. Anyway - Clearly the bias is a sell. The price reacted well off of the POI and is now creating structure, with a liquidity grab having been made to the upside. As evidenced by the 1m chart, the price is looking to break structure so you could get ready to look for the order block. An order...
The pair has made HHs and HLs. Bullish candles formation suggest it may move to make another HH and HL
The Yuan has come under pressure in early trade today, driven primarily by a raft of concerning economic data points out of China. From a growth perspective, the year-on-year GDP figure of 6.3% came well below the 7.1% widely forecast. Meanwhile, underwhelming declines in both fixed asset investment and retail sales dampened the outlook for growth going forward....
Hello traders! I would like to present an exciting trading opportunity on the USDCNH currency pair, which appears to be trading bullish on the 1-hour chart. After analyzing the price action, I have identified a compelling bullish engulfing candlestick pattern, suggesting a continuation of the upward trend. Let's dive into the details of this trade plan. Trade...
USD/Chinese Yuan has been showing dovish signals during the 3rd qtr and after the news on July 12, 2023 (which can be located on the blue location tab) the economy shows to be slowing down significantly. After news printed on the 12th of July 23, price made a clear decision just 4 hours later we can start to see some clear institutional movement with the dovish...
USDCNH is trading in bearish trend as price moving by making lower highs and lows and now it has made inverted hammer candle at lower high
USDCNH print Low highs and Low lows on hourly chart.
Hey Traders, in tomorrow's trading session we are monitoring USDCNH for a buying opportunity around 7.21600 zone, USDCNH is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 7.21600 support zone. Trade safe, Joe.
Waiting for price to hit tp after a chich have been formed in the ltf
The PBoC have chosen to intervene in a bid to support their ailing currency, setting their 'fixing' above levels expected by markets. Unfortunately, these steps have had minimal benefit, with markets aware that we are likely to see further USDCNH upside given the significant interest rate differentials between the two nations. With inflation barely evident within...