I called the 1/7 breakout up to 465, exactly! Unfortunately, it came much quicker than expected and I didn't get a chance to take profits. So I'm still 100% long. We've seen some colidation back down to the 440 level. Overnight and into today, we saw a sustained breach of the bearish trendline from the 465 high. This looks bullish to me and with my expectation for...
After the crash of the chinese stock market (which happened twice!), a BUY oppourtunity up seems like a very strong opportunity that exist. Currently USDCNH is in a pendent formation. My bet is that it will go I've personally never traded this pair before, however it is a rare opportunity and possible capitalization exists.
China's central bank guided the yuan lower on Thursday FX_IDC:CNYUSD . China's first shock devaluation in August jolted the global financial markets and Indian currency "INR" was also affected by this sudden move. This second devaluation has come at such a crucial time, when money market was expecting strengthening in "INR" and start of appreciating trend. Can...
China. It's been in the media? It's being painted as the bad guy! Well unlike Kim Jong Un Dropping H-Bombs China will drop some more bombs in the future but it will be devaluaing the Yuan Yuan is now in the SDR and many countries are going to start adopting more and more. We see a devaluation to 6.8 maybe slightly further until you will see the yuan gain...
The cryptocurrencies have been back in the news recently, in light of Bitcoins astronomic resurgence. Although it would be naive to believe that any one thing can be the driver behind the 150% increase over the past few months, significant parallels however can be drawn with what has been going on in China. Now, I don't want to bore you, but for those who don't...
As traders begin taking profits, the tide will retreat. Soon after, the roaring tsunami will be witnessed as large traders see that the long term Bitcoin price has broken it's bear phase.
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...
Using the ew theory on the 45 min chart, we could be in the retrace of the third wave. The retrace could go to 1510 yuan max. After this leg 5 will follow and i think that the purple line - coming from the top of the last bull run - will serve as a huge support. The RSI basicly supports this, since the last 2 days look more like a small retrace instead of the...
Better saying "the collapse of Dollar sponsored by China." Happy trading!
_ Certainly China is in trouble Today yes, We can easily see a downtrend ,..., but on the other hand, if we remember the cover of "The Economist 2015" , look: Chinese cover was represented by: a muscular panda(¡?) , what which suggests, for nothing prestijiosa owners of "the Economist", is the "Rothschild family" said,,, that China may quit recover in long term...
The People's Bank of China cut its benchmark one-year lending rate by 25bps to 4.6 percent on August 25th, 2015. Policymakers also decided to lower reserve requirements for banks. Based on this Cypher pattern may be a good idea :) SL - 95% of XA (usually it is 113%, but I just like to have short stops), TP - almost 61.8% of CD (I just like to have better RR)
The devaluation of other currencies against the dollar has made Chinese exports less competitive and affect the growth of this country. China faces its slowdown with interest rate cuts . This monetary policy , reduced export competitiveness and economic slowdown justify a future policy of devaluation of the yuan. Buy and hold USDCNY
The proof is in the pudding, well it is in the globalized failing of quantitative easing. Abeconomics is no different. Japan Prime Minister Shinzo Abe will continue to feel pressure as his "three arrows" economic policy fails to push consistent economic expansion. Japan's economy shrank 1.6 percent on an annualized basis with falling exports and contracting...
The pair has nearly given up half its juice. Is the PBOC firing blanks?
11300 broken Price now reaching 10950 Strong support and TL If it breaks further downside to 10633 Holds - Price may reach 11300 again before falling further Dax is in a bad way at the moment, off of my previous analysis I'm still short. We are approaching some key support levels, initially the one to look out for is the 10633 zone If this is broken there's...
I am still short US30 Break of - 17300 Next target Daily support - 17146 The indices seem to be taking a hit from the sneak devaluation of the Chinese currency, however the technicals have been indicating further downside momentum for a while now. Dow is looking in very bad shape, along side the DAX which has opened lower and still dropping, some nice pips to be...
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.