EUR/CNY Short Targets - Bearish Harmonic
The EUR/CNY pair is currently exhibiting a bearish harmonic pattern, indicating a potential downward movement.
As per algo analysis, downside targets are shown on Chart.
Enjoy!
as we seen a divergence on weekly time frame and also a previous completed wolfe wave we believe that euro will increases against CNY
tp/s are specified based which is first one is on the ema200
any comments please share
tnx
The Yuan, which is slowly converging toward its purchasing power parity and remain undervalued, is set to appreciate if we refer to its long-term trend versus the Euro.
Bullish impulse detected. Going up, boys and girls. 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, invalidation is in red. Fractals never lie and Fibonacci series shows us a few goals out of a million or more possibilities.
Quite a similar picture to EURJPY. Pivot confirmed here and we are in impulse. Goals are in green, invalidation in red. This is not financial advice, please do you own research and for chrissake's think for yourselves.
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STATUS = Confirmed
CURRENT CONFIDENCE = 64%
TARGET (EXIT) PRICE = 0.125539 EUR
BREAKOUT (ENTRY) PRICE = 0.125210 EUR
DISTANCE TO TARGET PRICE = 0.27% (3.3 pips)
EMERGED ON Jul 15, 10:00 AM (UTC)
CONFIRMED ON Jul 15, 03:48 PM (UTC)
WITH CONFIDENCE LEVEL =75%
Tickeron AI shows that the Descending Triangle pattern is formed when the price of a pair establishes a...
STATUS = Confirmed
CURRENT CONFIDENCE = 63%
TARGET (EXIT) PRICE = 0.125338 EUR
BREAKOUT (ENTRY) PRICE = 0.125110 EUR
DISTANCE TO TARGET PRICE = 0.09% (1.1 pips)
EMERGED ON Jul 15, 10:00 AM (UTC)
CONFIRMED ON Jul 15, 02:17 PM (UTC)
WITH CONFIDENCE LEVEL = 72%
Tickeron AI shows that the Triple Bottom pattern appears when there are three distinct low points (1, 3,...
Calculation For Trading:
Resistance Level: 7.955
Resistance Level : 7.891
Resistance Level : 7.846
Support Level : 7.738
Support Level : 7.674
Support Level : 7.630
If you are looking for Forex pairs with good return, EURCNY can be a profitable investment option. EUR/CNY rate equal to 7.787 at 2020-03-03 (today's range: 7.747 - 7.802). Based on our forecasts, a...
The ERUCNY pair seems to be making a retracement after the run-up that started in June and lasted until September 2018.
I will be trading this unleveraged. I am just buying and holding Chinese Yuan without using a broker that lends me money to leverage my bet.
Target 1 is at the 50% retracement of the June-September move.
Target 2 at the 68% and target 3 at the74%...
