USDCNH is signaling a potential bottom in the dollar here. We're at the 'Election key level', where previous declines have bottomed after buyers stepped in with force.
You can expect higher prices out of this juncture with very high probability. I'm not trading this pair personally, but I do watch it for its significance.
Good luck,
Ivan Labrie.
You can expect higher prices out of this juncture with very high probability. I'm not trading this pair personally, but I do watch it for its significance.
Good luck,
Ivan Labrie.
Note
Looks ok so far.Note
Going well here.Note
Bam!Confirmed on close, today.
Note
The first signal failed, but now it's ready to move higher it seems.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.