See chart for illustration Lower time frame will be published soon as price action is been monitored
Details on chart. 6.91 first target. Lose small and win big cheers, Pipdified.
USDCNH about to reach another climax. watch out for the sharp drop. Please share your thoughts and views on my analysis and don't forget to like it and share with others.
as we see USDCNH make a double bottom and it's already break the trendline. so we have to wait for the candle breakout from the neckline.
USDCNH long swing trade setup based on higher lows and momentum to upside 4H. See chart for details. Not financial advice.
USDCNH Timeframe: H4 Direction: Short Confluences for Trade: - Around Resistance Line of Previous High - Stochastic Overbought momentum - Fundamentally, China has seem to be slowing moving towards a psychological level of 7.00.Currently, the previous high proves to provide some resistance and we can take this as a short term opportunity to short USDCNH....
Since the start of the trade war between the US and China, the Chin. Yuan has already depreciated by 8% against the US dollar. This will make Chinese products cheaper and thus cushion the US tariffs. At the same time, all US products will be 8% more expensive, plus tariffs. At the same time, US dollar-based loans are becoming more expensive and are likely to...
This analysis takes a quick look at the USDCNY on a Daily tf chart. The points noted on the chart are discussed below: (1) Major bearish trendline in the USDCNY (in color blue) that has been active since ~January 04, 2018 and was successfully tested on July 3, 2017. (2) This region marks indicates where the USDCNY is expected to find resistance on a breakout...
Trend Set up: W1-UT, D1-UT, H4-UT Fresh H4 DZ for a potential long trade