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...
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.
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...
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...
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...
I have initiated a long position on the USDCNH currency pair based on the price touching a demand zone.
After carefully analyzing the market, I have identified a significant demand zone where buyers have shown strong interest in the USDCNH pair. This zone indicates a potential reversal in price direction and presents a favorable opportunity for a long trade.
It...
