Great Bearish set up, so far.
0- Monthly shows Bearish Reversing
1- EMA 200 on Weekly shows: Bullish
2- Chart Pattern on Weekly chart shows: Bearish Reversal
3- Stochastic on Weekly chart shows: Oversold
4- EMA, 20, 50, 200 on Daily shows: all Bearish
5- Stochastic on Daily shows: Oversold
this is my bullish technical idea and price action analysis . now wait for come previews support and resistance zone after trend continue to uptrend you can entry .because overall uptrend .you can see it .however this is my opinion only no more signal
China has been buying it's currencies while it may in the short run increase it's value against dollar, the underlying issue with yuan is the fundamentals of chinese commerce has yet to change.
Property investment still not resolved in the case where it is expensive but there is no demand for the number of supply.
Failure to pay debts.
Aggressive actions...
this is my bullish technical idea and price action analysis . now wait for come previews support and resistance zone after trend continue to uptrend you can entry .because overall uptrend .you can see it .however this is my opinion only no more signal
Xi was seen toning down his foreign policy hawkishness, perhaps between AI and this we manage to fight back against the potentially inflationary dynamics of #reshoring and #protectionism in America.
If so, #globalization remains in place, which was the higher probability outcome, a scare but the status quo remains when it comes to VERY large structures or systems...
this is my bullish technical idea and price action analysis . now wait for come previews support and resistance zone after trend continue to uptrend you can entry .because overall uptrend .you can see it .however this is my opinion only no more signal
this is my bullish technical idea and price action analysis . now wait for come previews support and resistance zone after trend continue to uptrend you can entry .because overall uptrend .you can see it .however this is my opinion only no more signal
Read latest news here
I am monitoring the daily chart for a more confirmed bearish signal before establishing a SHORT position. The risk/reward ratio looks very attractive from this price point as the margin to go up higher is not a lot.
Yellow solid lines mark the trading range.
Yellow dotted will be future MP centre and level of interest.
Lower yellow price will be support with bulls pushing back up.
Upper blue line will take turns as support and resistance.
Lower blue line will be final destination subject to PBOC refixing rate.
Precise entry level tough given slim volume up here. I'd...
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
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
this is my bullish technical idea and price action analysis . now wait for come previews support and resistance zone after trend continue to uptrend you can entry .because overall uptrend .you can see it .however this is my opinion only no more signal
The Chinese Yuan has lost a lot of ground against the dollar and it is currently trading at a critical price point. With a double-top set-up and a bearish RSI divergence, will the Yuan obey technicals or will fundamentals remain at play and the Yuan will continue depreciating against the dollar?
Technically, it speaks for itself.
