We have had a recent downtrend to the 13400 zone where it looked like we could see an inverse head and shoulders to the downside. However, we failed to break below. Now we are attempting to create a head and shoulders pattern to the upside. Waiting for a break above 13700 with a nice close. Equities seem to be ready to get a boost from world central markets with...
OANDA:CN50USD Trade Idea CHN50 - Intraday - We look to Sell at 13650 (stop at 13750) Short term momentum is bearish. Price action has posted a Doji candle and is neutral for short-term sentiment. Bias is mildly bearish today but we need to see a break of 13300 to confirm the downward pressure. In line with the possible early stages of a head & shoulders...
With the U.S. - China trade deal developments ongoing and reportedly staying on positive grounds, the stock markets are globally on the rise in 2019. This is a good time to examine how the heavy Chinese companies are performing. FXI is the index that tracks China's stocks with the largest capitalization. On the monthly (1M) chart we see that since the 2009...
A movement downward is possible. Do not forget to put stoploss above the Bearish Engulfing Bar.
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Yep, you heard it and seen it right. CHINA50 one of the world most important economy and the stock market is likely to head for DOOMSDAY once again. It's not just another correction, it is a melt-down a 30% shave off from the current value and 50% to 60% from the all-time high. Technical we can see a DOUBLE TOP, and ironically CHINA STOCK MARKET RALLIED IN JAN...
FXI had a strong week bounced off weekly cloud. The bounce is much due to USDHKD weakness as PBOC stepped in to intervene the weakening HKD. However, that costs foreign reserve and its not sustainable. With my idea of short SPY the next week. The bounce should fade away. Weekly we can see a wide green bar but with volume lower than last week. This is either...