EURCNH, Trendline Rebound PossibilityEURCNH daily chart is consolidating and has formed a new higher low. This higher low can be connected with a trendline to create a support trendline. The price is currently approaching this support trendline, and there is a chance for a bullish bounce or rebound from support line.
EURCNY
ReunitOfAmericaFromIsolationRerepublicOfChinaFromDemodernizationThe re-united states of America from the isolationism and the re-republic of China from the de-modernizationism.
Some questions about EU zone money policy.
1; devaluation of Euro for export to China and USA, that trend should've been over in 2015, and should've turned to hike in Euro. Now with Chinese poverty and USA changing, the ECB have huge problems from hike too late. (market is crashing)
2; the more LITRO is on the desk, which is a poison and drugs, using again will cause Brexit second vote, and still quit with China collapse.
3; the USA-EU trade war is getting worse, there's no co-operation among big central banks since 2015. (the soft war)
4; the ECB is in a uncharted territory where is negative, which is they shouldn't be there.
5; history must be respected and they don't.
6; commodity markets prices are sabotaged by mathematic negative model.
7; negative money policy has been proved is a failure in the multi-region economic zone, like China and Eu zone, they're too big to balance the poverty. (imagine Italy quit, budget conflict with France)
8; negative money policy is only proved in the island like Japan and single land like Switzerland.
9; multi-region money police without a single budget, which is called ECB's design has an huge structural flaw.
Last meal for traders, before the night.
let's serve, now......
Trend pattern with EUR/CNY, sign to buy pair?I think the EUR will continue depreciating and appreciating against the CNY as shown by the general trends it seems to be following. There's consistent, although there's not 100% contact with the support and resistance lines. Maybe like 90%?
So hopefully it continues along this trend!
Critique away please :) .