Description : Movements between the two currencies fluctuate sharply, as the dollar has fallen about 10 percent against the yuan since last year. But it is close to a support that is about 3 years after the last collision. Also, the dollar index has been declining over the past year. It is possible that we will see the sheet return after the support collision...
Hi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover my next analysis. Also let me know your thought in the comment section what you...
The prospects for further downside in USD/CNH remain a dominant subject amongst market makers as China is rolling out a digital yuan that will make her the world's second-largest economy the first country to create its own digital currency; I see a Reversal setup building up with structural tendencies that might drive the Greenback to higher highs in the coming...
This is very likely a one-way move (up) here - as all previous examples would illustrate. Most importantly, this is one of (if not "The") most lopsided FX (and debt, and credit, etc.) positioning currently on the entire Globe! (Everyone and everything is currently Net Short the Dollar vs. the Yuan!) Ergo, as this move gets going (up) it is only likely to gain...
We saw the price decline and move over 1,000pips in our direction since my last publication before the rally began during last week trading session (see link below for reference purposes). Despite the general perception that the USD is on the verge of a rally due to the sudden & rapid rise that appears to be running ahead of itself during last week trading...
This has been plummeting for the best part of a year. It recently broke another support and is now retesting it as resistance. If we see MACD turn lower and EMA's do not cross higher then this should continue down to the next supports. Keep in mind this has been oversold on RSI since September so don't be too overconfident as there is always the chance of a...
Worth keeping an eye on this. Looking on monthly and weekly timeframes this has plummeted hugely, at some point there will be a correction. It has levelled off recently so there may be an opportunity now. To enter this I would like to see the price rise above the most recent resistance marked with the blue rectangle, if the price then holds here as a support a...
It has been months since I published any speculation as our last publication on this pair saw us bag over 1,000pips ( see link below for reference purposes). China is on the brink of launching its CBDC - Digital Yuan. To facilitate its smooth launch, the digital yuan had to undergo several testings. In line with this, the government in Shenzhen, a metropolis in...
This one is ready to go! Here is the "big picture" view. ... and the 4hr.
We continue to enjoy profitable Bearish opportunity on this pair in the last 3 weeks as price moved over 350pips in our direction since my last publication (see link below for reference purposes). We might be looking forward to a last Bearish drive as the PBoC intends to promote the healthy development of offshore Yuan market. Tendency: Downtrend (...
Since my last publication on this pair (see link below for reference purposes); price has moved over 500pips in our direction followed by a correction move with the anticipation of a further decline scattered all over the place! As USDCNH risk a further decline in the following week, a retest of my Key level is red flag to watch out for in the following week(s)....
Recent upbeat data from China standing in contrast to the sluggish US statistics, the Bears once again are gradually regaining control as Sellers bombard 6.9900 level, down 0.15% on the last day of last week. With a meagre 45pips since my last publication on this pair (see link below for reference purposes), my Bearish bias still persists as price action has been...
With over 800pips in our direction since my last publication (see link below for reference purposes), it appears that the Chinese Yuan is not reversing any time soon as USD/CNH risks a potential decline to the 6.9500/6.9300 area in the coming week(s). Tendency: Downtrend ( Bearish ) Structure: Harmonic (AB = CD) Observation: i. The fall...
USDCNH has been moving in a horizontal channel since July 2019. It already tested support and resistance 1 time, and now heading down to test support again. Keeping it on my radar to see if the price will hit the bottom of the channel by the end of summer 2020.
The Yuan has been on the rise since the beginning of June 2020 and it does not appear that there will be a "slow-down" in the following week as the Greenback continues to depreciate. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Descending Triangle | Support & Resistance Observation: i. A structure depicted by drawing one trend line that connects a...
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