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USD/CNY_TOD - USD/CNY
Long
Updated

Yuan will devalue soon, US dollar $DXY will soar!

129
1. Head and Shoulders pattern
2. MA's + PA show a bottoming pattern
3. China will devalue the Yuan (Remnimbi)
4. Dollar DXY will go over 106
5. Gold XAUUSD will go below $1,500 oz.
6. Silvere XAGUSD will go below $15 oz.
Note
Trade idea related to this currency pair that goes through other macro factors:
maroonmacro.substack.com/p/issue-21-trade-idea-short-cnh?r=nv22c&utm_campaign=post&utm_medium=web&utm_source=
Note
twitter.com/ic_investing/status/1442843570092785671?s=20
Note
10, 20, 30 year yields mirror this PA - and show USD will be going up as yields are starting to. When China devalues the Yuan, the FED will be helpless to push it down unless they go all in on YCC via UBI. Then you'll want to pivot into XAUUSD or $XAGUSD.
EmptyEternity
Chart PatternsdollardollarindexdollarlongGoldHead and ShouldersTechnical IndicatorsminersSilveryuanyuandevaluationyuanshort

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.
Chart PatternsdollardollarindexdollarlongGoldHead and ShouldersTechnical IndicatorsminersSilveryuanyuandevaluationyuanshort
EmptyEternity

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.