Hi !
If you missed the chance to invest in China's physical economy.
Do you want to miss the opportunity to invest in China's financial industry again?
Investing in China will be your most regretless decision in your life.
Please don't underestimate China!
China will be the future center of the world...
Attention!
Good luck
Spike in Yuan Spread: Prelude of what will happen to Yuan
Welcome back to WasabiChart!
Hi Everybody~ This is Wasabi.
I how you all enjoy a great weekend.
Today, I am going to introduce a new indicator showing the spread of the two Yuan currencies, CNH and CNY, in percent and we can apply to the current market situation.
The first chart is China Shanghai...
As shown in the chart, BTC will probably have a tumbling period, maybe around 20 to 30 days, and then we will see the correction we keep talking about.
The SSE closed lower for the week at 3,188.63, and may be forming a second, smaller bullish flag; the market could be gathering steam before making a push towards 3,320-30 resistance.
I think it is worth a try to short the Shanghai Composite. I dont expect futher stimulus after the big congress and it is even overbought in the weekly
SSE seems to be forming a double bottom at the 2470 support level; this in combination with the RSI and Momentum bull divergences and previous candle being a hammer candle makes me think we might be getting a relief rally to 0.786 fib level that corresponds to previous support.
More conservative trade would be waiting for a break of the green dotted line that...
The under-performed market seems like another 10% to go. Based on fibonacci spirals projection, the 2015 projection suggesting price to reach 2361. And current projection from 2018 high at 2228.
Just a bit of fun but they sure have a few similarities comparing the Shanghai composite to the Nasdaq composite. The blue overlay is the Nasdaq composite index from 1990 to the present day. Could history repeat? No idea. But if it does, I won't miss the train.....
China SH composite is approaching 2016 low at 2638.
Adding the background the BOC raised the forward reserve requirement for foreign exchange and RMB surged.
If look at the down side, 70 pips to drop/-2.5%, will possibly see a resistance showed at the 2016 retracement low @ 2638.
Personally also considered it as the psychological support of investors.
Hope the...
