Price may go in favor of china as the judas swing us almost properly laid.
USDCNH is reversing its trend as it has made head and shoulder and divergence.
USDCNH is still trading within the ascending channel, which validates the uptrend. It is possible that the price will break below, for as long as it holds, expect a short term rally.
USDCNH is making higher highs and seems very bullish without any divergence. So it could hit out TP!!!
Analysis reflects sideways movement of USDCNH at 1 hour time frame
Overall price has been bullish on the 4h but atm price is at a 4h demand level so we’re waiting If price breaks the 5m demans and go More bullish ot respects it and Continuing pushing for a sell
The Chinese yuan, also known as RMB, is the official currency of China. It is used both onshore in mainland China and offshore in international markets. The offshore yuan, also known as the CNH (Chinese yuan - Hong Kong), is the version of the yuan that is traded outside of mainland China. It is traded in offshore financial centers, such as Hong Kong, Singapore,...
The US dollar has maintained its status as the world's dominant reserve currency for decades, thanks to its perceived security, resilience, and the depth and liquidity of US markets. Despite concerns surrounding the dollar's hegemony, it remains a crucial player in global transactions. Meanwhile, China's economy faces challenges, such as growing provincial...
updated trend lines from previous idea with short position held for long term gains. Since I first looked at the idea a double top has formed which I have now put on my chart and have now reconfigured my initial trendline which now slightly resembles a downward wedge. zooming out you can see a double bottom reversal followed by double top reversal. expecting a...
bounce off upper trendline for long term short. slow mover as usd tries to be driven up. double top pattern visible also.
Analysis: USDCHN 1H is making a potential bearish ABCD pattern. If the price breaks level B, then its a high probability that It reverse from level D. If the price print bearish divergence near level D, we can enter in short trade.
Price may go down in favor of Chinese Yuan on the monthly. Be ready to buy the discount.
With the looming BRICS news I have turned my eyes to the Yuan/ dollar pair to ride the short for the exit of the Petro dollar. THIS IS A Q2 SWING MOVE This will not be a linear drop FYI! Very very choppy as US will attempt to pull out all the stops to avoid the collapse of the Dollar safe haven. Top Down Analysis: Using the Monthly I plotted out the High...
Possible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red...
In this update we review the recent price action in the #USDCNH and identify the next high probability trading opportunity and price objectives to target
USDCNH shows bullish trend but the RSI indicator shows bearish trend . which mean diversions and we see the pattern DOUBLE top which indicates that trend is now bearish.
Observed Triangle - Ascending (Continuation Pattern) Trade Plan: Kept the Entry level at the Market price As we are taking risk & reward 1:1, the Take profit 1 & 2 are kept as equal ratio.