Onshore/Offshore RMB (CNYCNH) spiked above 1.017 since late 2015 and early 2016, suggesting that capital is leaving Mainland China.
Only valid for Chinese people. If you want to keep your wealth. You need physical gold. I don't understand the macro economy. I think the trade war is long-term and he will exacerbate the devaluation of the renminbi. If you are a Chinese compatriot. I hope you are lucky.
FirstRand Limited is a South African financial services provider which provides services through a portfolio of leading franchises including Rand Merchant Bank (RMB), First National Bank (FNB), Wesbank and Ashburton Investments. With FirstRand shares listed on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange, the group is one of the largest...
A bullish flag on RMB Holdings signals upcoming buying opportunities as the market breaks out of the flag we go in with the buyers. The target being at the 8962 area.
The WXY countertrend corrective structure looks completed. The minimum target for another drop is at the earlier low 6.2360. MACD already sends bearish divergence signal and more over dropped below 0 into the negative territory. Risk/Reward is over 2.
End of correction. Catch the drop Entry now (1.2790) Stop 6.2967 Target 6.2358
Dear traders, I believe we are at a critical juncture here. Quite possibly, China allowing shorting of their currency might have made the $USDCNH pair bottom last Friday. This is no minor news, and if we study the chart we might be able to understand the relationship between the chinese Yuan and cryptocurrencies. Since 2014, that $USDCNH bottomed, it spent a long...
Just an expectations based on price trends.
The pair is in a corrective move. Possibly W-X-Y double three.
Entry: 6.9000 SL: 6.8200 TP1: 7.0000 TP2: 7.1700 Break Even @ TP1
Following the PBOC's manipulation and the massive drop for two days, price is starting to slow down. I think we will see a bottom here shortly. If we don't hit 6.7696 before Monday's close, we can anticipate a turn here. After the week closes, we'll get more confirmation of the risks in BTC and USDCNH. It could take as long as 3 weeks to confirm upside is viable...
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... 58 SHARE INDICES worldwide (2016 Yearly Performance) @ drive.google.com Best regards Aaron
I'd like to bring your attention to the $USDCNY monthly chart here. If we examine previous levels of support and resistance, and analyze price action using Tim West's methods, we could conclude that the uptrend in this pair, and logically, the one in Bitcoin, has still ample upside in its future. It would be logical to observe 19% more upside in $USDCNY, and 760%...
With oil rallying, and China soon to be accepted by the IMF, to include the Yuan in the SDR currency basket, the technicals in this chart suddenly look very good to me. You could go short here, with stops above yesterday's high to begin with. The currencies not affected by today's fear spike due to Deutsche Bank's shock were: the Euro (surprisingly!), XAU, XAG,...
it was a fantastic ride up....don't get stuck in high altitude though
This is for those of you who are trading USDCNY. It's hard to trade something as protected as USDCNY, but know that given a long enough time period, nothing escapes triangular geometry.