This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
FX:USDCNH
Hello everyone this is my analysis and signals sent to the group earlier today
we still wait for a lot more to the upside because of what is going on in china
leave your opinion in the comments!
A good start of the week... With FED meeting in a few days and Fed Funds Rate pointing to 5 % this year, a crash of CNH is imminent. With all the problems China has, they won't be able to protect currency. Most likely China Shares will also sink. Say Goodbye to Uncle Xi... JP, we need a 7.x as a Fed Funds Rate !!!
Price is around Monthly resistance level, Daily chart shows retreat from the Daily resistance level, possible short trade. I could be trend reversal or just short term pull back.
After an important Jackson, Powell consistent attempt at persuading (or forcing) equities higher is coming to an end and it is time for a round of chart updates across the board.
This sort of tendency, which toys with the idea of tapering and rolling up purchases should be seen as such; USD shorts are increasingly less appropriate; but here the dominating factor...
In this update we review the recent price action in the USDCNH and identify the next high probability trading opportunity and price objectives to target
The USD/CNH is definitely worth watching as the recession narrative comes back to the forefront of investors' minds.
The renewed weakness in the yuan has been mirrored in the price action of things like copper and China's stock market, which fell overnight despite US and European indices rallying.
Fears over global growth intensified after China decided to...
USD/CNH reached the big 0.7000 level – which was a potential scenario we first floated back in August the 16th. The pair is currently within its seventh consecutive month higher and supported by the divergent policies of the Fed and PBOC. The 2-year spread between US and China’s bond yields are soaring higher and USD/CNH prices are gladly following. With increased...
The US will release a series of high-impact economic indicators related to inflation and the labor market during the trading session, which will bring high volatility to major Forex pairs.
The US will release: Consumer Price Index, which is expected to increase from 296.171 to 296.43; a higher figure will be positive for the USD as it suggests high economic...
OANDA:USDCNH
It does not look like USDCNH will be seeing levels below 7.0000 soon. With 7 now becoming support I expect this to continue to move in the inflation direction. China is considering devaluing its currency for the first time ever. With Xi Jinping's ZERO-covid policy psychopathically trying to achieve ZERO virus infection rate. It is a...
