In light of the divergence of the MACD indicator in conjunction with the recent stock brokerage fee adjustments and the Central government's approval of the top dogs to save the day, the USDCNH likely to reverse into the range of 7.2350.
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Multiple rejections of the 3 level and entry on 2.5 for a 1 to 3rr is my basic prediction for yuan. For it couls still go up because of the unresolved fundamentals. Like yields didn't cut as much for loans, losing birthrate, and lack of foreign investment support on debt. Like evergrande, shadow banking, and dying house investments. This is simply because china...
Yuan only has one problem. Will the Chinese economics be able to pay investors? Because of the ongoing issues, this has yet to happen. So for now, it is safer on the side of long until Chinese businesses shows foreign investment good faith by paying off investors what they owe.
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
Because of China business failure to deliver, i can only see it as a risky option. But they could turn it around if they are able to pay off their debts. And probably by keeping their hands off the territories of other countries. One thing for now is China yuan is going down.
... and it is about to roll over. E.g. Sell it ALL!! This is the year (2023) to start the Long March (a familiar theme in Chinese history), to gain full stride, right into oblivion. Namely, the Chinese demographic implosion which has been gathering speed for quite a while now, will hit that country with undeniable force, essentially halving the population in...
as you can see, the chart is almost identical in peaks and valleys to the us yields. Implying they are not selling bonds as heavily as their currency recovers, and are selling bonds as their currency is losing value, to help prop it up. Rates could go quite a bit higher...
The idea is on this one-hour chart which has the DXY overlaid showing the dollar as the strong currency also watching YINN rising and YANG falling
Now, we are eyeing at USDCNH pair. The Economic Data from China is as disappointing as it gets. As if deflation is not enough, bank credits just hit 2008 lows! We are long USDCNH with above 7.50 target! -Signalwyse Team
Versus usd, because of the recent stance of country's like Philippines standing against China in the west Philippine sea issue; other countries who has interest related to and who are against China may make a move against the yuan.
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
The 13 EMA has Broken above the 5 EMA on the 4 Hour Time Frame The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over bought Fib Retracement confirms a target to the Short side Take Profit is Derived from Pivots
We expect the USD weakness across the board, specifically on the USDCNH pair. This could be quite a substantial downtrend, considering the price action around the uptrend and the downtrend trendlines.
The UNDCNH pair has been my favorite pair for the past 3 years now. I have made a lot of money with it. I wanted to point out something I noticed with historical data and current data to do with CNH, AUD, NZD pairs. Watch the video and see if you can spot it yourself.
The chart shows that the market is sideways hence we place sell stop and buy stop in case the market transition into a trending market
According to my analysis you can take profit on both cases like Bullish and Bearish Market