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US Dollar/Chinese Yuan

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USDCNH trade ideas

USD/CNH (A Downtrend Channel is spotted)View On USD/CNH (20 Dec 2019) Apparently UCNH is starting to show the channel of a steady downtrend and it shall continue that way. I expect it to go down to 6.88 regions soon. Let's see. All the best. DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading. Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account. Feel Free to "Follow", press "LIKE" "Comment". Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
by SonicDeejay
USDCNH, US Dollar - China Yuan: Falling WedgeFX:USDCNH If a bullish breakout should occur on this falling wedge, we will eventually try to get back on this cross. The first trade closed at a loss at 60% of the initial maximum risk. In this way we had optimized the realized losses reducing as often happens the % at initial risk. We do the same thing when trades follow our direction and also optimize profits. What happens in this way? We conclude trades in 45% of cases with a profit of 3/4 times the losses. We have even earned 20 times more than the initial risk a few times. Our first goal is always not to lose money. Why? Because we have learned from the best traders in history, and we want to take part in that elite as well. Happy Trading to All!
Long
by SwissTradingSchool
1
USD/CNH: Chaos For Chinese YuanUSD/CNH probes 7.0300 as Chinese traders weigh trade data, shift in risk tone USD/CNH stops the previous three days’ declines. Disappointment from China data, increasing uncertainty ahead of US tariffs and signs of protests in Hong Kong all play their roles. The risk tone stays sluggish ahead of the key week. USD/CNH takes the bids to 7.0300 as Chinese markets open for Monday’s trading. Traders might have reacted to the weekend data from China while trade pessimism and negative headlines from Hong Kong could have acted as additional forces. China’s November month Exports fell unexpectedly to -1.1% versus +1.0% forecast whereas Imports rose, +0.3% against -6.4% prior, for the first time since April. Further, Trade Balance of $38.73B lagged behind $46.3B market consensus. Even so, China’s Global Times shrugs of the trade war with the United States (US) to be the reason to worry. Also contributing to the risk-off was the Financial Times (FT) report suggesting Beijing’s order to all government offices to stop using foreign personal computers (PCs) and software within a time span of three years. Additionally, Bloomberg reported the news of the biggest pro-democracy protest in months on Sunday while anticipating more unrest to follow in 2020. Given the market’s uncertain times ahead of the US decision on December 15 tariffs on the Chinese goods, such downbeat headlines weigh on risk tone and stop the US 10-year treasury yields around 1.84%, ignoring the Friday’s run-up. Investors will now keep eyes on trade headlines and the US reaction to the Hong Kong protests, not to forget China’s restrictions on PC and software usage, for fresh impulse.
Long
by ParadiseCrypto