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Australian Dollar / Offshore Chinese Yuan

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AUDCNH trade ideas

AUDCNH SELL 4H Hello, I am Forex Trader Andrea Russo and today I want to talk to you about an interesting strategy for the AUDCNH currency cross. Currently, the AUDCNH exchange rate is at a value of 4.61195, and I have identified a selling opportunity based on technical and fundamental analysis. My strategy involves a short entry at this level, with a stop loss (SL) placed at 4.63500, which represents a potential loss of 0.50%. My profit target (TP) is set around 4.55, aiming for a significant bearish movement. Technical Analysis The AUDCNH is showing signs of weakness, with a key resistance that has formed near the 4.63500 level. Technical indicators, such as the RSI and the MACD, suggest a possible bearish reversal. Furthermore, the price is below the major moving averages, confirming a bearish trend. Fundamental Analysis From a fundamental perspective, the Australian dollar may be under pressure due to weak economic data and a less hawkish monetary policy by the Reserve Bank of Australia (RBA). On the other hand, the Chinese renminbi is benefiting from relative economic stability and targeted stimulus policies. Trading Strategy Entry: 4.61195 Stop Loss: 4.63500 (-0.50%) Take Profit: 4.55 (approximately) This setup offers an attractive risk/reward ratio, making it a potentially profitable strategy for traders looking for opportunities in the Forex market.
Short
by Andrea_Russo_SwipeUP
OZE$ breakout on Chin.Yuan: AUDCNH. Updates here. The AUD getting a good bounce from a very oversold AUDCNH. Price has rally'd and has formed a Top2 on 1HR. Look I think this is taking a bit of the wind out of the sails. I expect it to break-upwards again soon and it will short circuit this double top on 1hr. My feeling is that the horse has bolted and this will breakout much bigger today across all sessions. I will keep you updated as I am a full-time trader, holding positions for various times, but principally I am a day-trader with a swing trading strategy. It varies. 15m chart CHOCH
Long
by Easy_Explosive_Trading
Aussie Dollar expected to fatten against the China Yuan The Australia / China economic dependency & reliance runs almost as deep as Australia's ongoing and upbeat relationship with the USA. Australia is where it is in only 300 years of white settlement because of its strong resources sector and China is one of its biggest consumers. Recent stimulus to prop-up a failing economy the past few years in China should restore this ying-yang existence and a secured one for the 2 nations over the next little while. Technically, you can see the path of the 2 currency's on the weekly chart. On the weekly it looks to be a tight consolidated range which will only serve to aid its breakout soon before traders are aware and its too late to buy the Oze at the better price.
Long
by Easy_Explosive_Trading
RBA minutes boost AUDCNH, but downtrend signals potential turnThe Australian dollar has enjoyed a boost today, following on from the RBA meeting minutes released overnight. While the last meeting had seen new Governor tout a remarkably similar line to her predecessor, these minutes highlighted a willingness to act again if necessary. That data dependency should bring greater sensitivity to future data out of Australia. Nonetheless, it is worthwhile noting that while the RBA remains open to further action if necessary, that is essentially the case for any central bank given the risk posed by energy prices. Another sharp surge in crude and gas would drive prices higher and push the onus onto central banks to take more stringent measures. From an economic standpoint, the recent decline in inflation does bring hope that the current policy mix is sufficient for now. However, it is worthwhile noting that the low unemployment rate, and elevated wage growth figure do highlight a potential for further action if necessary. That being said, the current trajectory for rates do highlight the potential for a patient approach at the RBA. Looking at the AUDCNH chart, we can see that today's rally provides a potential selling opportunity given the wider downtrend in play. The consistent pattern of lower highs does signal the possibility of another move lower before long. With that in mind, watch for a potential bearish continuation turn if this downtrend is to continue. To the upside, a break through the 4.7 swing-high would be required to negate this bearish trend and signal a possible rebound from here. Watch out for the deep Fibonacci resistance levels at 4.65 (61.8%) and 4.67 (76.4%) as near-term resistance levels that could turn the tide on today's bullish trajectory.
Short
by ScopeMarkets
HOW TO TRADE LIKE THEM AUDCNH is a new pair in the making. Price action shows we will be in a range for years to come. With a strong rejection divergence of the low we can simply set alerts at the top and bottom of the range and target the top n bottom back into the range as each swing should yield a at least 1k pip until we get a breakout equally in structure as the boxes As the next one will push downward from 3 into 4 4 is where we’ll be looking to position ourselves in this market tp will be the at the sale station HOW TO TRADE LIKE THEM
by Donajor8
ridethepig | Flash Crash In Play For AUDCNH !!A major breakdown ahead of the open as markets catch up to the virus disruptions. AUD and global trade are set to suffer for sometime, it will take a brave man to step against this flow. On the monetary side, RBA tee'd up a rate cut in April with another in Q3 on the cards. Housing has already done the heavy lifting, will need A LOT more help from elsewhere to create a positive outlook in the near-term for AUD. PBOC in a 'whatever it takes' moment with the printer starting to overheat. On the technicals, the doldrum 4.7-4.9 range remained intact throughout 2019. Since the new decade we have broken the lower end in the range via coronavirus trigger, a screaming warning for what is cooking globally. We are sitting at key support 4.5 which needs to hold otherwise we have a flash crash in play towards 4.3 - 4.25. Unless buyers step in quickly we are set to lose support on panic. Continue to sell weakness if we lose support. For those tracking USDCNH : For those tracking EURCNH : Lastly, for those tracking Chinese Equities : Best of luck all those in CNH, risks come from further PBOC intervention although looks like they ran out of time! Thanks all for keeping the likes, comments and charts coming!
Short
by ridethepig
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