USD/CNH near support line Working with fibonacci levels Golbal trend up Open postions with SL and TP
USDCNH is signaling a potential bottom in the dollar here. We're at the 'Election key level', where previous declines have bottomed after buyers stepped in with force. You can expect higher prices out of this juncture with very high probability. I'm not trading this pair personally, but I do watch it for its significance. Good luck, Ivan Labrie.
usdmxn ---------- usdcad +91 (1M) usdcnh +87 (1W) gbpsek -88 (1D) ---------- Not Investment Advice ----------
Looking to long USDCNH at 6.7715 on a Buy limit order, will watch how price arrives at the level as thats crucial for our reward ratio, questions support@forextrainingmentor.com FX:USDCNH
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...
A convincing bearish candle and divergence on MACD. Looking for short entries on this pair.
BTCCNY's correction appears to have ended, at least for now. We need to determine if it'll hold here, or break lower before finally resuming the long term advance. I'll monitor price action to manage my position size accordingly. I'm currently long, after trimming down to 20% exposure before the PBOC news fueled 37% decline, and added 60% gradually, over 3...
Worth keeping an eye on where CNH is ringing the bell on the dollar rally.
Order expires on 01/31/2017, 10 minutes before market close.
USCNH undergo high volume selling and plunge close to 1%. Now reaching key level of support. Once the support level break expected a lot of space to drop before reaching 200MA area at 6.71 to 6.74 support area. Key thing to take note if the selling momentum continue for the week might raise bearishness for other USD pairs too and opportunity for short seller to come in
This is what the long term picture looks like for Bitcoin right now. We have now hit the Range Expansion validation target, which confirms that bullish momentum is intact, increasing our confidence in the forecast on chart. There are two targets, one with a high probability of being attained, of more than 60%, and one with lower probability, but still more than...
At least until the next PBOC devaluation comes (and it is likely to come, specially after the Chinese New Year), I see 7000 per coin as the price Bitcoin will hover around for a few weeks. This coincides with catching up to USDCNH, if we divide BTC's price by 1000. I reccomend a 15 to 30% long term position in Bitcoin, you can rebalance this periodically, or add...
The PBOC’s task becomes increasing difficult with a strong USD since China decided to hitch its star to the USD. China from the 1980’s until now has exported goods and capital to America. The DXY Index (US Dollar Currency Index) weakened to a low of 72.00 in Spring 2008. Since then, it has rallied over 33%. The CNY has strengthened 5% in USD terms and...
The bearish Butterfly pattern has completed at 6.967 level and the 1.618EXT of BC is at 6.974 level. So it is good to sell at 6.970-6.974 levels when price action gives signals at the PRZ. SL:above 6.98 TP1:6.93 TP2:6.90 and further more