A month ago we called the top on the USDCNY:
With the price breaking below Fibonacci 4.0, the pair has basically called for an extension of November's downtrend. This will be confirmed if the price fails to close the week above the 1D MA50 (blue trend-line).
As you see, on a sample dating back to January 2017, every time the price failed to close above the...
The USDCNY pair has been on a very strong rise since it got detached from the 1D MA50 (blue trend-line) on August 11. The bullish channel resembles that of mid April - mid May, which topped on its 6.0 Fibonacci extension from its previous Support. The RSI is printing a similar sequence that was just before that top.
As a result it is a possibility that the pair...
Neither Russia, Ukraine nor NATO will be the Champion of the current special military operation in Ukraine, The Chinese Communist Party Gains leverage each day the conflict persists. in 2021 China was the United States #1 trading partner based on import value, it is also the Russian federations #1 ally. Whatever outcome of the Ukrainian conflict the Chinese...
if we take a look at btc against the countries which traded the btc mostly.
to take out the inflation and market noise. we need to look at the chart with 5 major countries which are buying and selling bitcoin in their local currencies.
CNY, INR, PKR, NGN, EUR so if we average out these currencies we will get a value and then we divide btc with that value we will...
Looking at the CNY and its highest probable and most immediate index levels that we can theorize and speculate (using fundamentals and reason) the currency reaching in the seemingly distant future.
This is one, if not the most fascinating markets and charted data I have ever studied.
As the most powerful and fastest growing economy on earth, market performance...
Check out my most recent publishing(s) referring to this particular exchange rate in the "Related Ideas" section below if your interested in the USDCNY.
I took a closer look at my in-depth analysis over the weekend and felt as though it needed some adjustments (additions*) + further complication..
but its for the better.. hear me out.
Ive been spending the...
- Dollar stays bullish of the incoming 75/100 BPS rate hike.
- China GDP Q2 0.4% growth, below forecasted growth.
- China's exports continue to fall from the fall in demand globally.
- We are looking at USDCNY possibly going back to 7.
By mid August the worldwide market crash will not only begin, but is very likely to already go past its acute phase. Some afterparty left for August and Sept, but the most dramatic action is going to unfold in the next few weeks.
During the crash USDCNY will definitely hit 7.32, but I expect it to go a lot higher. 7.80..7.90 is definitely on the radar.
As analyzed a long time ago, the crazy devaluation of the RMB has just begun. Do not invest in any Chinese assets, which may be cleared. This is not a warning, it is a definite risk. Chinese stocks listed in the United States could be taken off the shelves. Giants are leaving China, so retail investors should not die.
Since 1981, the Chinese Renminbi has recorded 5 consecutive up weeks 17 times. Last week marked the 18th occasion. Weekly winning streaks of this length usually led to further gains over the next 7 weeks, providing an average gain of 1.51%, win rate 14 from 17, maximum 5.28%, median 1.52%, minimum -0.06%, standard deviation 1.44%.
Disclaimer: This data is not...
Clear RSI divergence on price action at weekly period, possible long expected housing crash is near than we thought. FED interest hikes can be last straw on already shaky Chinese housing and banking sectors. CCP Chinas close trading partners and investors will be hit more than ones who kept their distance. Time to weigh ties.