Note how the two large pattern #HVF's kept you dollar long as the main directional trade from 2011 to 2022 But things may be turning around and this trade may, potentially be reversing. Often when commentators have given up on the idea of a multi polar world, end of dollar dominance , as price keep going the opposite direction. Is when the trade actually...
Aussie Dollar looking extremely weak adding it to the list. Japanese Yen extremely weak China Yuan Extremely weak. There's a problem brewing in Asia / Oceania if the FRED does not start lowering rates you're going currencies like the JPY / CNY / AUD potentially lose 30-70% of its value against the United States Dollar. Japan cannot raise rates due to the...
Japanese Yen running the risk of entering Hyperinflation like the Argentine Peso thanks to the USA. JPY Used to purchase US Debt while USA has Inflation problem has caused them to purchase more than expected including the FRED running (System Open Market Account (SOMA) (soft YCC) China cannot get growth due to US higher rates slowing business growth...
DXYUSD daily guidance is cautiously bullish. Recommended ratio: 70% DXY, 30% Cash. *All markets reacted negatively to news of Chinese citizens protesting the Covid lockdowns in fear of more supply chain disruptions. The Pentagon is currently devising a proposal to send smaller precision bombs that can be fitted onto rockets and allow for Ukraine to strike...
The Chinese yuan rose to one-week highs on Monday, fueled by expectations that Shanghai, the country’s financial hub, will soon emerge from a two-month lockdown that has crippled economic activities in the city and weighed on the country’s overall economic recovery. The CNY traded at 0.1504 against the greenback on Monday, recovering further from an over one-week...
Global view, Incase of moving along the current uptrend channel CNY will get weaker on USD . Feel free to share ur ideas .
Speculation for Macro: - 2018: Trump began trade war with China, and the market had the worst year in a decade (at the time). - 2020: US-China Phase 1 deal is signed, market crashes shortly after. - 2021: Market immediately rebounds and has the greatest bull market in history. IMO it was a run-up then sell the news by insiders, then BTD for the bull run to...
CNY has broken a major long term trendline against the US dollar. I believe there is more upside ahead for the Chinese Yuan. The Chinese gov will try to talk down the Yuan to dollar but that will not work without some major government intervention. Just today, they announced a hike in reserve ratio requirements for the first time since May 2007. This move didn't...
And the first one up on the CNY series now, CNYUSD is definitely bullish to the nth degree. looking for a move up now and probably a few more after that. One thing at a time, so I'll be concentrating on the most immediate goals. I always say this, and I will say it again, nothing I say is financial advice. Think for yourselves! Fibonacci goals in green or purple,...
📌 CNY for the Yearly Close... In the usual tradition, this topping formation appeared to fit the bill! The correct way to play it was for sellers to proceed; dollar weakness was knocking while CNY was quite tenable. It is now obvious that the above mentioned development has been less time consuming that the initial legs higher: This means the...
Bought on 11.3348 TP 11.4780 SL 11.2949 Information provided is only educational and should not be used to take action in the market. This section is intended for short-term speculation. Be ready to leave a position at any time.
In this analysis, we started taking on the majors against the U.S. Dollar (USD), beginning with the Chinese Yuan Renminbi (CNY). Despite its still lower status in comparison with the traditional majors (USD, GBP, EUR, CHF, JPY, CAD, AUD & NZD) and also its lower liquidity and overall current non-relevance in the wider FX market, it nonetheless scored the highest...
chinese yuan daily technical analysis ( CNYUSD )
Equities indicated by the IXIC NASDAQ index versus a collection of foreign currencies of: Australia AUD, Korea KRW, Singapore SGD, China CNY, Colombia COP, Brazil BRL, Russia RUB
Measured move shows the previous wave cycle was corrective, making the next cycle the impulsive wave. *Since Yuan was introduced since 1955, there no use for making upward measured move target with incomplete data. --- Fundamentals// that China is not willing to keep print money like before+ US printing $$$
💬 As confirmed coronavirus cases ticked up in the US at a faster rate than in the other countries shown on the chart (a selection of EU countries Germany, Italy and Spain, the UK, Canada, and China) we have seen a subsequent weakness in the US dollar compared to the currencies of those countries (as seen by EURUSD, GBPUSD, CADUSD, and CNYUSD). As you can see...
Simple- Chinese Yuan currency devaluation by stealth over time against all major trading partners. Effectively, eliminating the effects of the trade tariff altogether.
Strong bullish rally and retracement at golden ratio: The Chinese Yuan has been moving up with a strong bullish rally since June 2007 to January 2014 that is almost seven years that the Yuan has been moving up against the US dollars. Then from January 2014 to January 2017 the Chinese Yuan moved down and retraced at 0.618 Fibonacci level that is the golden ratio...