... and giving, and then give some more.
Should one lack the inclination to deal with everyday FX volatility (or with the lack thereof) then this is the pair to be SHORT , in George Foreman style, ala; "Just set it and forget it!"
Simply put, China's absolute best hope (just a dream, really) to survive it's oncoming demographic (industrial, deurbanization, and...
Considering China's (ongoing!!) predicament caused by an oncoming, abject, demographic (urban, industrial) collapse, the obvious consequence is a stand-alone Japan's as the region's only remaining super power" ... Making this Short a no-brainer, probably well over a decade and a half.
The Long Term Price Target on this pair is: 10! (I.e. a >50% Decline ...,
......
Based on the COT reports released today, focusing on CNH and JPY CME Contracts, it can be seen that bigboys interest accumulated 73.2% renminbi long contracts and 20.7% renminbi short contracts . As for the Yen , they still tend to short contracts 46.1% which is much more than long contracts which are only 6% . It can be concluded that the big boys...
Whom do you trust anyways, the Commie Chinese or "kamikaze Kuroda"??... When push comes to shove Ol' Kuroda is still the right bet. (And it's about to come to that, sooner rather than later.)
All "fundamentals" aside, this is one of the most lopsided carry trades out there. (If not The Most...) That alone is deserving a massive sell-off here, about the size of Montana.
Hurray... wolves🔥
There is an ascending triangle on CNHJPY.
There was a strong bullish sentiment before.
Now it seems like possible breakout of resistance zone has been done.
Follow the chart and look for the best price to enter carefully.
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If you enjoy my FREE Technical Analysis , support the idea with a...
This pair is about to take a multi-year dive (not, yet!) speaking volumes of a developing global crisis (risk-off).
Here is the Daily for more precise timing.
The price of CHNJPY has been unstable. If we do some statistical analysis on this price, the variance could be very high.
As we can see, there are some big candles, some of them even broke out from the Bollinger Bands.
Now, the price is forming a falling wedge. As we know, the rising wedge is a signal for bearish, so I would say that the price could go down after...
Hello traders!
As you can see from the chart above, JPY/CNH just broke out! I think that the price will continue to go down for two reasons:
- MACD LINE crossed SIGNAL LINE -> STRONG BEARISH MOMENTUM (it’s getting stronger)
- RSI is not OVERSOLD yet so there is a good range for the price to continue its downhill
Go short until the TARGET (dotted line) and...
