If this game was baseball, three strikes would mean you're out. Could this be the start of a third wave of devaluation in the Chinese Yuan? Each time the Chinese Yuan devalues it just happens to coincide with a massive selloff in the SPX. 2015 was the first time that China reduced its stake in Treasuries on an annual basis in an attempt to support the yuan and...
The offshore RMB is the orange line. As you can see, the history is too short, so the main USDCNY chart is shown.
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.
Full analysis here: www.bitcoinerrorlog.com
Hi Traders, In the last few days I couldn´t post new tradng ideas because I´m working on launch of a new FX fund from Switzerland. It caught to my attention the pair USDCNY , we might have reached a critical key level for chinese authorities. As a reminder USDCNY is not trading freely . I´m positioned long for the pair while above 6.50 Happy...
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We have a conservative long setup for USDCNY. We expect that USDCNY will reach 6.8 in early 2017. Target: 6.82 - 6.83 Entry Limit: 6.40 Stop Loss: 6.26
1, I'm tired of explain CNY devaluation. 2, Fundamental policy decides this and PBOC manipulation. 3, Someone knows nothing about China and RMB currency, please leave this currency alone. 4, A wash out just took place. 5, Lagging from DAX and DXY. 6, Head shoulders USDCNY. 7, Elliot wave evolution, 7 waves power. 9, Thank you for your likes.
The BRICS (Brazil, Russia, India, China and South Africa) are highly watched emerging markets because they represented roughly 22 percent of global GDP in 2014. However, the global economic slowdown and increased geopolitical tension has weighed heavy on these markets. Although, India may be the most resilient economy out of the BRICS. India has felt its share of...
In this thread I'll study the relationship between the offshore yuan and other FX pairs. We have two signals here, a monthly one aiming at 6.72254, to be reached before August 2016, and a daily one pointing to a very vicious decline towards 6.23893. What's interesting here is that usdcnh seems to be a good leading indicator to trade the Aussie dollar and other...
With China’s Economic slowdown, and stronger U.S. Dollar, another potential long-term trend reversal may be on its way. But enough with the fundamentals. I prefer to stick to the charts and price action. So what are the reasons for this trend reversal assumption u might ask? The first thing that I look at on a chart is the 200 MA, which recently, the price broke...
Is deflation in the world? Going ... China's currency could be devalued and said that it was inevitable months began to be discussed in advance. It must be prepared to let the country's economy. As is known, reduction of price deflation is falling. Although this might sound pleasant to the ear is a great example of the historical experiences of hazard events it...
The term 'currency manipulator' should be useful for the US again to label China ;) Who will win this devaluation war? Absolutely no one when everyone is devaluaing their currency, and even US will probably not raise rates during December.
Double bottom can hit 6.424 once pivot at 6.267 gives up. I know it is not open economy but let us see if it will work.