Is USDCHN now in a cup-with-handle base?The offshore RMB is the orange line. As you can see, the history is too short, so the main USDCNY chart is shown.
Renminbi
USDCNY 4/26/2016This is for those of you who are trading USDCNY. It's hard to trade something as protected as USDCNY, but know that given a long enough time period, nothing escapes triangular geometry.
How To Track The arbitrage Opportunities On Chinese YUANHere The Pretty Nice Setup To Hunt The Arbitrage Opportunities On Chinese YUAN.
Will USDINR breakout and depreciate INR further?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 "INR" sustain the pressure or it will prevail further devaluation?
Go long FX_IDC:USDINR
Trade Trigger 67.2
Target 68.6
SLTP 66.7
CNY FURTHER DEVALUATION! (RED IS GOOD!)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 any more strength against global currencies.
Zhu ni hao yun!
