USD/CNH remains in a soliud uptrend on the daily chart and, after consolidating around the June highs and forming a bullish hammer at 7.25, the swing low appears to be in. A bullish range expansion day broke the bearish resistance line, and bulls could seek to enter upon any pullbacks towards yesterday’s low for a tigher long entry. The bias remians bullish above...
USD/CNH remains within an established uptrend on the daily chart, and the US02Y-CN02Y spread has reached a new cycle high to suggest upside pressure could be building on USD/CNH. Prices have retraced and are now trying to build a base around the June highs. Bulls could seek dips around the cycle lows with a stop below 7.25 in anticipation of a move to 7.35, the...
... and it is about to roll over. E.g. Sell it ALL!! This is the year (2023) to start the Long March (a familiar theme in Chinese history), to gain full stride, right into oblivion. Namely, the Chinese demographic implosion which has been gathering speed for quite a while now, will hit that country with undeniable force, essentially halving the population in...
I wanted to take a moment to share some exciting news with you all about the USDCNH (US dollar and Chinese yuan) currency pair. As many of you may know, the Chinese economy has been showing signs of weakness lately, directly impacting the yuan's value. The Federal Reserve has also raised interest rates, weakening the yuan against the US dollar. But what does...
The USDCNH exchange rate has fallen, potentially creating opportunities for profitable investments. However, there are concerns about potential military conflicts in the region, such as between China and Japan, which could impact financial markets. Some technical analysis shows a positive trend, although there may be some delays in achieving target profits. It's...
Based on the current retracement to meet the previous Monthly High, We could say that this month has a Wick to fill. -The Lower wicks From the previous Two weeks formed a Higher Low and a Bullish reversal pattern that we can observe when we go into the Lower Timeframes. - In the Daily Timeframe, We can observe strong Bullish candles that can be used to confirm...
USDCNH LONG - Buy Entry - H4 Chart Buy @ Market Symbol: USDCNH Timeframe: H4 Type: BUY Entry Price: Buy @ Market TP - Resistance @ 6.40587 TP - Resistance @ 6.37845 Support @ 6.35481
Fundamental Insight We all know that U.S. in tightening cycle now, and half of the world will follow soon, but only China did the rate cut. On January 5, Premier Li said the government should implement “new and greater combined tax and fee cuts ensure a stable start for the economy in Q1 stabilize the macroeconomy.” On December 27, the MoF...
MN TF: Potential for huge swing BUYs WK TF: Wait for WK TL to be broken H4 TF: 1) 1st buy zone identified (risky): 1:12 2) 2nd buy zone identified (conservative) : 1:3
USDCNH LONG - Buy Entry - D1 Chart Symbol: USDCNH Timeframe: D1 Type: BUY Entry Price: Buy @ Market Stop Loss: 6.36068 Take Profit: 6.45292 🔺 DISCLAIMER 🔺 For educational informational purposes only. 🔺 Analysis may change at any time without notice. 🔺 You must research and create your own trading plan.
In this update we review a potential double bottom trading scenario in the USDCNH
We witnessed a 1,000pips run in our direction since my last publication on this pair (see link below for reference purpose) and the confirmation of reversal set-up at the Breakout of Neckline (CNY 6.39500) during last week trading session is the final straw that broke the camel's back for me. Higher US bond yields and hawkish Fed expectations shine the light of...
USDCNH Breakout Analysis, looking at the current market & swing structure
After been stopped out of the bearish expectation on my last speculation on this pair (see link below for reference purposes); the price found bullish potentials as it broke out of descending channel to find a new high. Despite the new digital yuan tendency of increasing the international usage of China’s national fiat, I am of the opinion that the positive...
D1 CHART. W/ PARALLEL CHANNEL TREND If you find my analysis useful, you can support it by liking and commenting.
Long Bias Right now on the USDCNH. good luck
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...
Hello fellow traders, Looks like this pair is about to complete W-5 of W-C in A-B-C pattern. Prepare ready to trade supposed W-X of larger A-B-C pattern. All the best!