Upside breakout gang #Hodlhodlfor a revisit of resistance if key lows hold #breakoutfam potentially macro-bullish for bitcoin.Longby ZonedOutDadUpdated 2
USDCNY(240) Resistance Repeat Crab RSI(D)USDCNY(240) Resistance Repeat Crab RSI(D) TL breakShortby Skender10113
USD/CNY - Even a hare will bite when it is cornered. Hi, today we are going to talk about Yuan Renminbi and its current landscape. We have a Double Top Breakout on USD/CNY with Volume and could bring the Yuan Renminbi to a dramatic devaluation against the US Dollar. Trough this daily chart, we can observe that China's central bank - (PBOC) had to remove or loosen the grip on it, allowing the currency fluctuation and their free precification by the market, without strong barriers programed by the PBOC. Thank you for reading and leave your comments if you like.Longby Igor-SilvaUpdated 23
$CNY: Moving higher$CNY is higher than the initial breakout which caused mass panic among the macro tourists on TV. Instead all eyes are on the hapless Fed Chair who shall be known as the man who crashed equities markets. Equity markets will get spooked regardless whatever Powell decide to do. A hold means money's too tight, a full blown rate cut program means an acknowledgment that fundamentals are in the gutter. Jackson Hole is just another step closer to the end game which the bond markets have been signalling for ages. Wakey wakey for folks still buying equities. Back to the USDCNY, it is a breakout so it is going to go higher. As previously mentioned, the bid ask spread between the US and China in this trade war is too far apart and the FX is an adjustment mechanism to the tariffs especially when the Chinese have been keeping the RMB artificially STRONG . by WellTrainedMonkey3
Worsen news is comming soon about trade war.As technically assumed there are two target areas for the pair. Even if there would be a pullback the proposed targets are consistent.Longby salar_trader2
Chinese Yuan: HKD anchor currency swap strategy propositionLooking at a number of currencies performance extending back to the 2007/2008 global financial crisis, and focusing on the yuan in juxtaposition to the HKD, USD, GBP, EUR. Some interesting trends become evident, suggest that perhaps the PRC have a long-term strategy that they are working through in terms of Hong Kong's currency integration into the mainland's central planning, development and implementation, particularly with regards to large-scale infrastructure, Greater Bay Area projects, and the Belt and Road Initiative (BRI). Shortby StarkNetworks114
longtrade war between USDCNY will lead to some nice profit for us... 18764429889 join me on telegram... aim is to learn and earn 6days weekly.Longby FXCaprice113
LONG USD CNY - Technical BreakoutTime will tell how high it goes from here, but it looks like a long term up.Longby nschumacher101
USDCNY: The Chinese Need to Prepare for DevaluationThere is not much to say here. The chart says it all. The Chinese need to prepare for the coming Yuan devaluation. Gold is headed higher as defense against this reckless monetary policy. I have a feeling that USA will follow suit. You can hedge against senseless money printing using gold. That's why the price of gold is going up lately. This trade war will continue to drag out until at least the end of the current US administration, but could last even longer if Trump is re-elected. I believe that gold and Bitcoin will be strong beneficiaries of this macroeconomic situation. There is a lot of volatility in Bitcoin, but may be used as a potential hedge against global economic turmoil. Actionable Idea: Sell the Yuan and receive USD. You can wait for about 7.63 on the chart. Then, unwind the position by selling the USD and receiving the Yuan. Stop loss at about 6.83.Longby TheSwinger8
China's Next Move - As of late Monday, US Treasury Secretary Steven Mnuchin formally designated China as Currency Manipulator. If we weren't already in a trade war, this is undoubtedly a tipping point as to how aggressive the administration is willing to get with their trading partners...by CrosbyVenture3
Yuan falling hardSuper cup and handle formations with a perfect breakout here against the dollar. Longby MysteriousPersian4
USDCNY to rally to 7.2238 (prior support which became resistanceUSDCNY to rally to 7.2238 (prior support which became resistance).Longby oct15joe1
Mid Term Outlook ... Test Double BottomPrevailing Trade War uncertainties may drive price towards 0.1440 Double Bottom ... ?Educationby Sparkler3