Based on the COT reports released today, focusing on CNH and JPY CME Contracts, it can be seen that bigboys interest accumulated 73.2% renminbi long contracts and 20.7% renminbi short contracts . As for the Yen , they still tend to short contracts 46.1% which is much more than long contracts which are only 6% . It can be concluded that the big boys...
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.
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Fundamentals// that China is not willing to keep print money like before+ US printing $$$
