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US Dollar/Chinese Yuan

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USDCNH trade ideas

The Chinese yuan notably strengthened against other currenciesLast week, the Chinese yuan notably strengthened against other major currencies in the forex market, especially against the beloved US dollar. However, the fluctuations in the risk sentiment in the global market is bound to boost the safe-haven appeal of the US dollar. The agonizingly prolonged tension between the United States and mainland China should help propel the US dollar to the Chinese yuan exchange rate’s prices towards their resistance level. Just recently, it was reported that Robert O/Brien, US President Trump’s national security adviser, compared Chinese President Xi Jinping to Josef Stalin, a known Soviet Dictator. The comment escalated the concerns for the trade deal between the two economic giants. The rather aggressive speech from O’Brien reportedly lambasted the Chinese leader. Trump’s national security adviser then added that the Chinese government wants to remake the world based on its image.
Long
by Financebroker
UPDATE!! USDCNH near to a melting point? 🦐After our last call on this pair the market seem to carry on the down trend and now found a support area on the upper trend line. IF the market will break the trend line and consequently break the support structure at the resets we can look for a nice short order according to our strategy. For the one who enter in the trade at the previous signal they can keep their position and go risk free on the trade. ––––– Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
USDCNH On Key Level! Trading Plan: USDCNH reached key daily structure support. touching the underlined level we see a bullish engulfing candle confirming the significance of this level. on 4H the price is currently forming a right shoulder of inverted head and shoulders pattern formation. 7.09 is its neckline. wait for a 4H bullish breakout of it and then buy on retest or aggressively (4H candle close above). the initial target will be - 7.125 if the market goes lower and closes below head level, setup will be invalid.
Long
by VasilyTrader
5
The Chinese yuan slips slightly today against the US dollarThe Chinese yuan slips slightly today against the US dollar thanks to the threat of fresh tariffs from Washington. However, geopolitical tensions won’t stop the pair from reaching its support area in the coming sessions. The USD/CNH trading pair is widely projected to continue its fall as the US dollar loses steam. The trade war tension between the two of the globe’s biggest economies continues to rise. Just recently, the United States President Donald Trump was reported planning to sign legislation that will enforce crippling sanctions on Chinese officials involved in the oppression of other religious minorities in China, mainly Uighur Muslims. A source familiar with the matter told reporters about the news but has not yet given any details about the target date for the signing of the legislation. If this gets signed, the trade war between Beijing and Washington will escalate into the next level, potentially disrupting the USD/CNH exchange rate.
Short
by Financebroker
USDCNH Broke the support 🦐Hello traders, After a nice bullrun, the price hit on huge resistance (see our previous idea) . The price retested even the dynamic resistance and broke the recent support. We will wait another retest and according to According to Plancton strategy, we can set a nice order ––––– Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip