CNY responds beautifully to Technical Analysis
Spot the 4 patterns. With Dollar Index (DXY) plotted below for comparison.
It's a shame the USD/CNY can't serve as a leading indicator for USD-pairs, but its analysis shows you WHEN to enter the USD-market, long or short, and catch the big waves.
The most notable are the periods of sideways trading. Looking at USD/CNY, those are really calm and composed, while DXY is shouting and screaming as it were.
It's a shame the USD/CNY can't serve as a leading indicator for USD-pairs, but its analysis shows you WHEN to enter the USD-market, long or short, and catch the big waves.
The most notable are the periods of sideways trading. Looking at USD/CNY, those are really calm and composed, while DXY is shouting and screaming as it were.