Last summer we mentioned and anticipated a bullish break on this pair and now it can be seen. As price made a falling wedge -accumulation above the pervious double bottom (circle) respecting it . Giving us a overall higher low and higher highs. With the wedge breaking out and retesting last week it wouldn’t be surprising to see global events shift with price as...
f you like my strategy, please strictly control the single loss between 1-2%. We have played many games in the market. The investment itself is very low-risk, and irrationality is the biggest risk. My trading behavior report is available at the link below. I can analyze the market in a short time, involving foreign exchange, encrypted currency, commodities and...
13 Chinese cities have been in total lockdown since Tuesday, and several others have been in partial lockdown. The Chinese government reported that there were around 15,000 confirmed cases of Covid-19 nationwide in March. Chinese health officials have urged people over 60 to get vaccinated - including a third booster ASAP. Technically we can see the limits of...
Saudi Arabia reportedly considering accepting yuan instead of dollar for oil sales. Saudi and Chinese officials are in talks to price some of the Gulf nation's oil sales in yuan rather than dollars or euros. Via WSJ -Talks have been on an off for six years but have recently picked up pace. -The piece notes this will dent Dollar dominance. -China purchases over...
Hello everyone. USDCNH created a recent new low since May of 2018 when the trade tensions between US and China emerged, followed by sharply depreciation of Renminbi. With the help of strong export in the past two years, Renminbi went against the greenback by 12ish%. If the Renminbi becomes too strong, it'll undermine its export competitiveness. There was no...
Possible downward movement of the pair. The price is currently in a trading zone with significant volume maintaining rejections from the top of the price and making resistance possible at the 55 period Ema, which is fundamental in my strategy for the analysis of possible trend continuations, as seen in the past, falling after the rbeote to the EMA. We see a change...
This is a test chart for my modified predictive indicator. The stops and trade entry points on the chart are for hypothetical and practice trading.
Fundamental Insight We all know that U.S. in tightening cycle now, and half of the world will follow soon, but only China did the rate cut. On January 5, Premier Li said the government should implement “new and greater combined tax and fee cuts ensure a stable start for the economy in Q1 stabilize the macroeconomy.” On December 27, the MoF...
This is a test chart for my modified predictive indicator.
We are still at the PCZ of a Bullish Shark Visible on the Monthly with Hidden Bullish Divergence on the MACD; It's almost been a year since the original post and i just thought it'd be appropriate to call some attention back to this one. If you want to see the original post it's in the related ideas section below.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Still learning this concepts, may this idea will go right! More info in the chart. Constructive feedback is always appreciated. Thanks for your time in advance.
The Chinese Yuan spent most of 2021 appreciating against the US Dollar despite a broadly upbeat year for the latter. Now, fundamentals may be paving the way for its turnaround amid the risk of slowing demand for Chinese exports - www.dailyfx.com USD/CNH recently turned higher following a more hawkish Federal Reserve, reinforcing the key 6.3526 - 6.3238 support...
in the past few years, USDCNH usually found a turning point in the 1st Q, especially around the Chinese New Year. Today there is a big rally in USDCNH. Reuters report, FX conversion before the week-long Lunar New Year holiday, which starts on Jan. 31, has been traditionally heavier as exporters need to settle their dollar receipts for goods payments and employee...
possible short position for h1 level: tp = 6,3054 sl = 6,3372
Could be a big move up on this NOT TRADING ADVICE GRI 2022
FX:USDCNH The Chinese currency is in the lowest price range since 2018 Yuan is in the Support Area China Yuan Support Range : 6.31000-6.40000 Entry Price :6.35000 1st TP: 6.47000 R/R: 3 2nd TP: 6.59000 R/R: 6 3rd TP: 6.69500 R/R: 8.5 SL: 6.31000
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.