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USDCNH

Signs say that USD/CNH will continue to head upwardsThe nerve-racking trade tension between Washington and Beijing has propelled the US dollar to the Chinese yuan exchange rate. Signs say that the pair will continue to head upwards, reaching its resistance and surpassing its highest levels from late last year. looking at the pair, it’s evident that it has just become bullish last month when the 50-day moving average climbed up against the 200-day moving average. The US dollar rises against a number of currencies in the market as mainland China accuses the United States of pushing geopolitical tensions to a new “cold war”. And the once again escalating anti-Beijing protests in Hong Kong is making it difficult between the two parties to patch up things. See, last week, China announced a newly published draft law that will remove the special administrative region status of Hong Kong and give the Chinese government more power in the Asian financial hub. A move that raised several eyebrows.
Long
by Financebroker
USDCNH. The price reversed and begins to fall.Hello dear subscribers! The price of this currency pair is constantly changing. In the previous chart about this pair, there was a classic cup and a handle pattern and it worked! The price hit the resistance level and turned in the opposite direction. The price will continue to fall to the target. Good luck to you. If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
Short
by UnknownUnicorn6402893
1
USDCNH. Cup and handle. Hello dear subscribers! The economic battle between the Great Powers continues. The price of the Dollar shook at the beginning of May, but as soon as the price of oil began to rise, the American currency strengthened in the world market, and this is facilitated by the currency printing press, which operates at full capacity. So the price will develop according to the cup and handle pattern. Good luck to you. If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
Long
by UnknownUnicorn6402893
USDCNH. The price will continue to grow.Hello dear subscribers! The price of the American dollar will rise, because America is selling the securities of Chinese companies, we are talking about 50 billion dollars that were invested in the fund in 2017. This money will be withdrawn from these assets, thereby undermining the economy This means that the price of the Dollar will rise and reach the target. However, this action may have unpredictable consequences. Good luck to you. If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
Long
by UnknownUnicorn6402893
1
USD/CNH. AUD/USD 3/17 GDP Event Risk02:00 UTC Friday the 17th will be a notable event for key-event risk going into next week. The problem with this print is that Chinese GDP will be looked at with a very high degree of doubt. I don't think it will move the USD/CNH as much as it will move the AUD/USD, the world 's FX proxy to the Yuan. This includes the AUD/USD and the AUD/YEN. The AUD/USD doesn't have the same manipulative capacities to falsify their data the way China does so I think watching the AUD/USD at 0200 on 4/17 for those looking for easy money. 09:56:56 (UTC) Sun Apr 12, 2020
Short
by TayFx
2