Key News: USA - Core CPI (MoM) (Jul) USA - CPI (YoY) (Jul) USA - CPI (MoM) (Jul) USA - Initial Jobless Claims Stock Futures Ascend as Earnings Await and CPI Looms As the night unfolded, stock futures embarked on a steadfast ascent, following the delicate incline exhibited by key benchmark indices. The investment community remained poised on the...
Going short, only once we hit next resistance area. Put the order in there to go into it once it gets hit.
Chinese Yuan has been performing very well against the USD, but that bullish run is about to be halted! USDCNH has pullback to the monthly ascending trendline and also on a good support level. Expecting price rejections at this level for another rally to the north. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
A shift sentiment is evident given these current market conditions. It's highly plausible that USDCHN will continue to build upward momentum as price may shape a new bullish Elliot wave. It is paramount to understand that the shaping of this pair is logarithmic in nature.
Montly chart of usdchn, we're just in the beginning of a trade war, future is not bright. Follow lines for target point and stop.
USDCHN has gapped up last monday. after two days of consolidation, today the exotic seems bullish and close to make a breakout to the upside. daily MACD is bullish and the 4H Stoch is making a bullish transition today. ALso, the price moved from the +3 Bollinger line to close to the mean line. That is common in consolidations. After the touch of the mid-line it...
Hi traders, this is my longtime view on USDCHN. China sell a lot of USD bonds after the the start of the trade war. This will push the USD down and make it more difficult to get money for the USA. So be paitent and trade against USD. Have a good trading week. Your Stefan Forex
This is how PBOC responds to tariffs. Let me remind you that China is the world's largest United States of America's Exporter, which means USA is the greatest Rep. of China's contractor/debtor.
USDCNH fall in type 4 range and trading below 20 EMA Price touching weekly support. Price direction will be heavily influenced by Trade talk in Argentina. Awaiting for price to breakout in downtrend
Industry contacts report USD moves driven these days by USDCNY. The chart illustrates the point.
USDCHN has setup a low-volatility breakout, confirming a potential volatility expansion to come. We have closed above the recent range and there is potential for a move towards 6.65. This idea would be violated by a move back below 6.3530s.
Short Renminbi for last leg ( the last meal) Stupid is paying the price again and again. Among those central banks, PBOC is the worst one. They're too old to realize the turning of the culture influence and the huge inflation will be there in the future. This is called NO "wen hua". I have never shorted Renminbi before but NOT this time. This is a clearly signal, BTW.
USDCNH looks very bearish in my opinion. We had a serious sell-off at the 6.986 handle, and I think we are due bearish continuation. This is a daily chart, so this is a longterm trade. For those that follow bitcoin, it would be very interesting if we saw YUAN strength and BITCOIN weakness at the same time. :)