chinese yuan daily technical analysis ( CNYUSD )chinese yuan daily technical analysis ( CNYUSD )by ghotby2
Chinese Yuan not Flying like a Dragon no More. USDCNYUS dollar has been tanking in comparison to equities, but not against CNY it seems. Is it the CCP showing its ugly face or tanking economic power of China? Who cares. Charts suggest an undergoing correction on the Yuan Fibonacci alludes to some suitable goals. None of this is financial advice, do your own research, please.Shortby Rykin_Capital0
Chinese Yuan-- From 2008 to nowMeasured 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. --- Fundamentals// that China is not willing to keep print money like before+ US printing $$$Longby UnknownUnicorn38279731
Chinese Yuan Chart Could Be More Important than the NasdaqThe monster rally in Nasdaq stocks has obviously grabbed most people’s attention recently. However there’s also been a major shift in currency markets as the U.S. dollar slides. That trend has paused for more than a month. Looking simply at the dollar index , it’s not clear whether the decline is ready to continue. But DXY is two-thirds European (euro and sterling). Today we want to look at another currency that’s not even a member of the dollar index: The Chinese Yuan . USDCNY consolidated under roughly 6.85 in the first half of September before breaking lower this week. That was a low in January, so it appears that old support has become resistance. The news flow is also noteworthy because China just reported better-than-expected industrial production. Interestingly, the South China Morning Post ran an editorial yesterday titled “China should seize the moment to free up controls on the yuan to expand its international use.” Coming from an officially sanctioned publication, that seems to indicate Beijing is going to let the yuan appreciate. (Which means USDCNY goes down.) Earlier in the month, Morgan Stanley predicted USDCNY will keep moving toward 6.6 by the end of 2021. Meanwhile, headlines for the U.S. dollar are just the opposite. Our economic data has rebounded somewhat, but more than half the jobs lost to coronavirus remain lost. Meanwhile, Jerome Powell and the Federal Reserve will probably keep the dovishness coming at their meeting tomorrow. Most people probably cannot trade USDCNY. However, gains in the currency have previously lifted Chinese Internet stocks like Alibaba and other members of the Nasdaq Golden Dragon China Index . We entered 2020 expecting money to flow to China after global indexes were changed. Despite the pandemic, that process has been playing out as expected. Could it even accelerate into year end? TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.by TradeStation6
USD/CNY TRADING IDEAPlease support this idea with LIKE if you find it useful.The information is not financial Advice. DO BUSINESS AT YOUR OWN RISK.Longby Nayem551
$USD $CHY bullish cypher harmonic reversal pattern $USD - $CHY bullish cypher harmonic reversal pattern on the daily. We also have coinciding bullish divergence on both the MACD & RSI Longby degenducc2
Oh Yuan, yuan. wherefore art thou yuan?I see two possibilities for the USDCNY. where will it go? For now it is a SHORT USDCNY No time analysis . neglect the time frame.by P-Quant110
USD/CNYHello traders, here is the analysis from our team : buy: 6.9777 target: 7.0777 stop: 6.9677 we look towards 6.9797 as profit' s with money management. Let us know in the comment section below if you have any questions.😉 Longby StevesTradingV3
USD has a high probability to drop to 6.43It has broken the uptrend in the weekly chart and the ideal price is 6.43. Let's short USDShortby Lus_T41
Possible break below necklineLooking at a double top on the long term timeframe. Watch for break below neckline. Shortby bat_catcher3
YUAN... down trendyuan has entered in a down trend movement recently ...... just followShortby diegotrader9988Updated 3
CNYUSD's Aroon indicator reaches into Uptrend on July 10, 2020 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%.Longby tickeron3
Global Sanction on China should weaken their currencyGlobal economic sanction on China should weaken their currency during this time. Although US dollar currency has been getting extremely weak, the sanctions from multiple countries should impact it to a certain extent.Longby Ymoon715224
Yuan/USD vs BTC/USD Digital Yuan after after the US presidential election or earlier ? by Wind_surfer4
CHINA IS THE FUTURE!I HATE COMMUNISTS MORE THAN ANY POLITICAL GROUP ON EARTH! THEIR COUNTRIES ARE POOR, REGRESSIVE AND AUTHORITARIAN! BUT EVEN IF CHINA WAS RULED BY TIME-TRAVELLING STALIN AND MAO, A GOLD-MONETIZED YUAN WOULD DESTROY THE DOLLAR!Shortby UnknownUnicorn41952434
Chinese Yuan Has Completed The Bullish Setup To Move UpHey 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 chart the Chinese Yuan is moving in a falling wedg. And this is considered as a bullish reversal pattern among the traders community. As this is the long term monthly chart and signals and patterns are more firmed on long term charts, therefore there are more chances that it will follow the bullish reversal behavior of falling wedge. At this time the price line of Yuan is at the resistance of wedge. But this time it will be difficult for the priceline to drop up to the support of this wedge. Later this article you will see that strong reasons why the Chinese Yuan will not reach at the support. Down channel and synchronized movement with indicators and EMAs: On weekly chart the priceline can be seen moving within a down channel and the movement within this channel is very much synchronized with the stochastic and Momentum indicators. If you take a closer look at the chart then you will notice that whenever the price line reaches and the support and the stochastic gives bull cross and momentum starts turning bullish then price action takes bullish divergence and reaches up to the resistance of the channel. But this time the priceline of Yuan is almost at the center of the channel and Stochastic has entered in over sold zone and has given bull cross. And the momentum indicator is also changed from strong bearish to weak bearish. Therefore there are more chances that the price action will not move more down to reach the support of the channel. And if the Chinese Yuan will be moved up from here then the exponential moving average 10 can also cross up EMA 21 and this bull cross between the two exponential moving averages can lift the price action more up that can lead to the breakout from this channel. A double bottom formation is cancelling the bearish move of Head & Shoulder: On the weekly chart the price action has formed a Head and Shoulder pattern.The formation of this pattern was started from the September 2019. Now the priceline has crossed down the neckline of the shoulder and reached at $0.1395 support. Now the price action is likely to form a double bottom formation that can cancel the bearish rally that was started due to this H & S pattern. A harmonic BAT formation: On the same weekly chart the price action of Chinese Yuan has completed the formation of bullish BAT and entered in the potential reversal zone. Now we have seen that the different indicators on the weekly chart has given bullish signals and after formation of Head and Shoulder the priceline is likely to form a double bottom for bullish reversal and finally the price action has also formed a harmonic BAT pattern. And at this time it is in PRZ level. Therefore All indicators and patterns are giving strong signal that Chinese Yuan has completed the setup for bullish reversal. And it can start the bullish rally at any time. Conclusion: On the long term signals and patterns are in favor of bulls rather in favor of bears, however the stop loss is must. In this trade we can set the maximum extent of the potential reversal zone as our stop loss. Longby moon333119
USDCNY Bearish SetupPrice 7.1418 swings to 7.0642 for 7.0287 - all three working with 7.1128...Momentum will be good observed here, -perhaps a stochastic. Open day will tell and if price reverses and bulls break above dsl, then, this set-up will be invalid. I rest, take care. All our market shared technical set-ups are speculative, they are not guaranteed for accuracy or completeness in form of any content. At this profile page, the analysis, ideas and also, the strategy of a chart belongs to Charts34T ; - it is not a market advice. You are both responsible and liable for your own account.Shortby UnknownUnicorn1460716
USD/CNY Analysis on 4H TF, a reversal is comingHi Traders and Investors, Please find above my vision for USD/CNY for the coming days, the price is about to finish the bullish move, at 7.15, it will reverse and go back down, the price action is showing a weekness of bulls who can not make a higher high anymore and the last higher low has taken over the previous one so it's a sign of a reversal as well. Feel free to comment and share your point of view, Follow me for more daily analysis in all kinds of markets.Shortby elidrissidriss1Updated 4
USD/CNY- How China deals with a US trade tariffs. Simple- Chinese Yuan currency devaluation by stealth over time against all major trading partners. Effectively, eliminating the effects of the trade tariff altogether. Longby platinum_growth2
USDCNY - Technical Analysis UpdateBoth Option can be possible - so, for now just stand aside and check how the price will move before going for one of the below options Option A: Bullish Market before the current sideways trend that could be interpreted as a paused to the bullish market before resuming it again Option B: Descending Triangle - Bearish Market by Mauriello3
Exponential Global Currency ComparisonThis is a Exponential Global Currency Graph Comparison (with a focus on India and China) These are all the "major" world currencies going back to about the early 1980's for the larger "population" countries and also a few of the more interesting places like Brazil, Egypt, Turkey, Russia, Philippines, Australia, Japan, and Mexico and more typical larger population areas like the "Euro" and (India and China). Its interesting to point out that just about all the worlds currencies have had about a -400% decrees in value of the $USD over the past 40 years or since the early 1980's. If you look at the "log" or "exponential graph" you can see clearly that the exchange rates for the $1 USD to "any other major world currency". The "typical" exchange rate is about 7 to $1 up to about 100 to $1 with a more typical range for "developing or poor" countries being around 25 to $1 to 100 to $1. And most of the others being 7 to $1 or 5 to $1. This may all change soon? This suggest that you can typically get about 4x of any other major world currency for $1 USD over this 40 year period going back to the 1980's. This will likely change!by idasupermanUpdated 444