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.
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...
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...
- 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.
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.
The devaluation cycle of RMB will resume. The first goal is 6.6, the second goal is 7.49, and the third goal is 10. With the aging population, the birth rate of China's economy has decreased and began to decline in an all-round way. The collapse of real estate, the withdrawal of foreign capital, debt default, the explosion of China concept shares, and Hong Kong's...
Due to USA involved in the war between the Russia and Ukraine and declining economy according to various economic data, more people in the world show their preferrence to buy safe haven assets including CNY, because of China's stable development. With CNY rising, US dollar has kept falling.