EURCNH daily chart is consolidating and has formed a new higher low. This higher low can be connected with a trendline to create a support trendline. The price is currently approaching this support trendline, and there is a chance for a bullish bounce or rebound from support line.
EUR/CNY Short Targets - Bearish Harmonic
The EUR/CNY pair is currently exhibiting a bearish harmonic pattern, indicating a potential downward movement.
As per algo analysis, downside targets are shown on Chart.
Enjoy!
The Yuan, which is slowly converging toward its purchasing power parity and remain undervalued, is set to appreciate if we refer to its long-term trend versus the Euro.
Quite a similar picture to EURJPY. Pivot confirmed here and we are in impulse. Goals are in green, invalidation in red. This is not financial advice, please do you own research and for chrissake's think for yourselves.
The re-united states of America from the isolationism and the re-republic of China from the de-modernizationism.
Some questions about EU zone money policy.
1; devaluation of Euro for export to China and USA, that trend should've been over in 2015, and should've turned to hike in Euro. Now with Chinese poverty and USA changing, the ECB have huge problems from...
I think the EUR will continue depreciating and appreciating against the CNY as shown by the general trends it seems to be following. There's consistent, although there's not 100% contact with the support and resistance lines. Maybe like 90%?
So hopefully it continues along this trend!
Critique away please :) .
