- The U.S. Dollar Index witnesses 1% decline - RBA expected to maintain rates for longer - BOE likelihood of rate cuts rises - Release of key inflation indicators in China: CPI and PPI Last Week's Major Events Last week, the U.S. Dollar witnessed a decline of approximately 1%. The move came as a result of multiple factors explained below. On Wednesday, May...
As we delve into the technical landscape of USD/CNH, it's imperative to highlight several key indicators, patterns, and price actions that provide a comprehensive view of the currency pair's current and potential future movements. The latest candlestick formations reveal a pronounced fluctuation with a minor upward bias, closing at 7.23310 CNH. This aligns with...
Bull trend is slow. The trend line is broken. We move pair to down, best target 7.1250
Price look bearish in my eyes due it met weekly resistance with potential sfp on weekly time frame. There are alignment with weekly sfp on daily chart. Therefore i will be interesting to look into short positions from manipulation move i have highlighted following days. Shorts is valid for me till the price will take daily low (liquidity) out.
We see triangle, resistanse or 7.365. Target and try short us dollar to 7.00 and lower.
Hello! I think this rally on USDCNH is going to be incredible. We must wait for a confirmation 1D candle close above the level. I think the main target will be at 8.00. 8 is a lucky number in the East. Be patient, and protect your deposit. Unfortunately, there has been a regularity for the last 3 years that new highs in currencies are connected with a war...
Fundamentals & Sentiment USD: The sentiment has been bullish for a while as US CPI remains sticky. As the dollar gained strength. However, it became overpopulated with buyers, as evident from CFTC reports. So, it should take some trigger for those buyers to start covering their longs - a good potential for dollar downside. The CESI differential for USDCNH has...
USDCNH is caught up in a tightening triangle, but bullish RSI divergence indicated a higher probability of a break to the upside. Partial targets are shown in orange.
USDCNH covered about half of last Friday’s spike on Monday and has continued to gain since. Volatility increased significantly since the end of last week, but it’s still unclear whether it’ll continue at similar levels or perhaps decline somewhat over the next few sessions. Either way, the uptrend is likely to remain active unless there’s a significant...
waiting for RTO! there will be 1 more possibility to enter fro h1 but need to see how we close next our
A downtrend has formed on USD/CNH since it failed to retest the 2022 high in September. Since then, a lower high, aggressive selloff and a bearish continuation pattern (rising wedge) has formed on the daily chart. The rising wedge projects a downside target towards the cycle lows ~7.1. If the yuan continues to depreciated (lower USD/CNH), it could prompt other...
PEPPERSTONE:USDCNH Oh, I cannot contain my excitement for this year's Chinese New Year of "Dragon"! 🐉 I mean, who wouldn't be absolutely thrilled to experience the exact same joyous celebrations as last year? And guess what? The depreciation trend of CNY? Oh, it's not going to miraculously reverse itself, not a chance! It's almost as if the Chinese...
The pair is on an uptrend and its now ready to continuous.
20 day range is bulish. Price bounces off the 50%. Price action the smash day bar bullish sentiment. Usd is king.
Waiting for price to respect our hourly demand and push us further into the premium zone
USDCNH is printing LH , LL. Stop Loss, Entry price and TP'S have been marked.