The next level to look for in my eyes if the USD continues to gain strength (other than typical psych levels) is 100.0 ish. Refer to this chart & other postings of mine regarding the DXY/USD if your looking to get a better grasp of my perspective. (Links below) It is also important to keep in mind the weight of the incoming news this week. Remember to use...
2023, week 10 - Trend Status Analysis by PresentTrading USD index is fluctuating around 6.9. The risk market is uncertain. Keep moving. Keep watching. Gluck. Please do risk control. -- Summary -- Total Closed Trades 34 Winning rate 76.47% 'Use backtesting to evaluate and make objective trading decisions.' by PresentTrading #forex #USD #CNY #trading...
how much are we having when both USD and CNY are collapsing at the same time?
bonds are telling the market that stonks are overpriced.
Yield differentials between the US and China 2-year treasury note continue to suggest USD/CNH could be oversold, at least over the near-term. The daily close chart (above in black) also better shows the potential for a higher low, as part of a countertrend move. The daily candlestick chart shows a recent pullback has failed to retest the 6.6976 low, and yesterday...
HELLO GUYS THIS MY IDEA 💡ABOUT USDCNH is nice to see strong volume area.... Where is lot of contract accumulated.. I thing that the sellers from this area will be defend this SHORT position.. and when the price come back to this area, strong sellers will be push down the market again.. DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason...
A few months ago, I proposed USDCNH/USDCNY consolidating for a bit and then going higher, as such strong moves usually follow through. The Chinese economy looks extremely weak for multiple reasons, and I see no way that the CNH/CNY won't lose much of its value relative to the dollar. Technically it is ready for another strong move higher, and the fact that Pelosi...
As the Chinese economy was slowing even before the lockdowns, the strict lockdowns put a lot more pressure on the CNH/CNY. This created a huge divergence in the policies of the Fed and PBoC, as one was hiking and the other was cutting. For quite some time the USD was going up against most currencies, except the CNY... until one day the market fully reversed and...
A month ago we called the top on the USDCNY: With the price breaking below Fibonacci 4.0, the pair has basically called for an extension of November's downtrend. This will be confirmed if the price fails to close the week above the 1D MA50 (blue trend-line). As you see, on a sample dating back to January 2017, every time the price failed to close above the...
The USDCNY pair has been on a very strong rise since it got detached from the 1D MA50 (blue trend-line) on August 11. The bullish channel resembles that of mid April - mid May, which topped on its 6.0 Fibonacci extension from its previous Support. The RSI is printing a similar sequence that was just before that top. As a result it is a possibility that the pair...
#FOREX #CNYRUB Good Saturday night to everyone! What's happening now? The Central Bank of the Russian Federation continues to keep the ruble exchange rate in manual control, which is why we are observing a protracted lateral movement. But now we will not dive into the fundamental wilds of why, why and who benefits from it, but just see what our trading system...
Even fundamental analisys seems that China is not going to be the next world leader in few years, because current bullish trend is about to be broken
The top 50 stocks in the Shanghai Composite Index look to be collectively forming a Bearish Chinese Dragon which if it breaks down could very well send it straight down to the 1.618 Extension given that there's is only one little Support Zone Below us after the trendline is broken. Given this very great Potential Danger that is visible on the chart i will be...
CNY/MYR looks set to dive out of a two-year ascending channel 1. Bear divergence of RSI and MACD on weekly timeframe. 2. Multiple rejections above 0.66 in recent months. 3. Monthly MACD crossing bearish.
Looking at the CNY and its highest probable and most immediate index levels that we can theorize and speculate (using fundamentals and reason) the currency reaching in the seemingly distant future. This is one, if not the most fascinating markets and charted data I have ever studied. As the most powerful and fastest growing economy on earth, market performance...
Check out my most recent publishing(s) referring to this particular exchange rate in the "Related Ideas" section below if your interested in the USDCNY. I took a closer look at my in-depth analysis over the weekend and felt as though it needed some adjustments (additions*) + further complication.. but its for the better.. hear me out. Ive been spending the...
The Chinese yuan rose to one-week highs on Monday, fueled by expectations that Shanghai, the country’s financial hub, will soon emerge from a two-month lockdown that has crippled economic activities in the city and weighed on the country’s overall economic recovery. The CNY traded at 0.1504 against the greenback on Monday, recovering further from an over one-week...
A nice set-up for CNY depreciation against dollar. c wave of (b) is almost done. China/Taiwan conflict might trigger that.