USDCNH. What to expect in this global crisis?Hello dear subscribers!
China is rejoicing!
No new cases of coronavirus infection have been reported.
This means that China is opening its provinces,
the process of production and trade is getting better,
the Chinese yuan is growing,
but in America the opposite is the case,
the number of infected people is increasing every day by hundreds or thousands of people,
another factor that favorably affects the Asian market is cheap oil,
now the price per barrel is 21.80,
such an outcome is not beneficial for the Americans.
Everything will be decided only when the countries included in the OPEC + alliance resolve the economic collapse.
Good luck, do not get coronavirus!
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USDCNH trade ideas
(EP #69) Kelvin Trade Ideas - USDCNH Bat Pattern 2020-03-26The market is in a sideways trend in one hour chart. Also, a bullish bat pattern is almost complete, it provides a potential reversal level from 7.07250 to 7.06850. I am waiting for the market give me the confirmation signals which are near the potential reversal level, then I will decide should I long the market. I will have a beautiful stop loss level because we can see a clear support level (~7.0640).
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USDCHN Long Set-up USDCHN 3-hrly, looking bullish -there is a 'failed to return to demand' ftr that happened there ( from RBD), -most likely a wave 5 to be completed for the Wolfe.
*Wave 5 Wolve I call it a lagging Wave, you will either catch it completed or incomplete :(
Bullish interests, some attention to R - for resistance.
USDCNH. The resistance level will direct the price to the target
Hello dear subscribers!
The price of the Dollar has reached its peak now.
The Chinese economy will strengthen,
the panic in China over the coronavirus will stabilize,
so in this currency pair there will be just a decrease to 7.08000.
Good luck to you.
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Chinese yuan starting to fade.Dragon of the east as they say sparked the eye but fare tale can never be real.
Under the threat of global recession, US-China trade war, awakening young that don't believe in the gov's propaganda anymore, the yuan will eventually evaporate just like the collapse of the soviet union.
This is a short term trade but with very high risk reward & probability, will turn out to be a hell of a trade in a few months time.
USDCNH LONG TRADE USDCNH broke downtrend line ,based on key level and HVN around 7.03000
price formed pennant bullish pattern
price above SMA 100
RSI in uptrend line
MACD shows bearish momentum weakness
price forming DEEP CRAB harmonic pattern
so its expect bullish movement to supply zone around 7.17500
USDCNH. The Chinese Yuan will be strong until the price of oil rHello dear subscribers!
The dollar price will fall,
because it is beneficial for Asia to keep the oil price at a record low.
The price will reach its targets.
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