The currency pair of the Chinese Yuan against the US Dollar has started to rise by 3 points between the support line 0.1551 and the resistance line 0.1554, and this is an identical reaction to the continuation pattern of the ascending triangle. On the other hand, the Chinese Yuan may reverse its trend and start decline against the rise of the US Dollar; due to the...
Hit a double bottom and broke out of a descending triangle. Was expecting a triple bottom at least.
Did not anticipate this move happening so soon as you can see by my purple arrow. expecting 7% gains.
CNY has broken a major long term trendline against the US dollar. I believe there is more upside ahead for the Chinese Yuan.
The Chinese gov will try to talk down the Yuan to dollar but that will not work without some major government intervention. Just today, they announced a hike in reserve ratio requirements for the first time since May 2007. This move didn't...
There is a clear shift in economic powers. Further trade wars between US/China are likely to continue, which can put pressure on the PBC to weaken the Renminbi in order to be able to result in attractive export prices. At the same time the commodities link going to provide a downside buffer as the inflation expectations are on the rise worldwide due to central...
A Chinese Educational Company METX announces Blockchain Integration for Elementary Students. MetX will be using DOGE Coin as the Crypto of choice for their educational program.
Children and teachers are incentivized to use DOGE Coin as rewards system based on performance extracurricular activities.
"Meten EdtechX Education Group Ltd. (NASDAQ:METX) ("Meten...
China has finished buying commodities and have a shortage of Dollars. Must print to buy Dollars. All of things that has happened in Q3 and 4 2020 and Q1 2021 will be reversed.
And the first one up on the CNY series now, CNYUSD is definitely bullish to the nth degree. looking for a move up now and probably a few more after that. One thing at a time, so I'll be concentrating on the most immediate goals. I always say this, and I will say it again, nothing I say is financial advice. Think for yourselves! Fibonacci goals in green or purple,...
In this analysis, we started taking on the majors against the U.S. Dollar (USD), beginning with the Chinese Yuan Renminbi (CNY). Despite its still lower status in comparison with the traditional majors (USD, GBP, EUR, CHF, JPY, CAD, AUD & NZD) and also its lower liquidity and overall current non-relevance in the wider FX market, it nonetheless scored the highest...
Measured move shows the previous wave cycle was corrective, making the next cycle the impulsive wave.
*Since Yuan was introduced since 1955, there no use for making upward measured move target with incomplete data.
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Fundamentals// that China is not willing to keep print money like before+ US printing $$$
For traders, this could mean going long on the ticker or exploring call options in the next month. Tickeron AI shows that
in 38 of 124 cases where CNYUSD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 31%.
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...
USD/CNYUSD is falling to 377.20USD
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IDC
