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OFFSHORE CHINESE YUAN / U.S. DOLLAR

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CNHUSD trade ideas

USD/CNH Time for Big CorrectionWorth keeping an eye on this. Looking on monthly and weekly timeframes this has plummeted hugely, at some point there will be a correction. It has levelled off recently so there may be an opportunity now. To enter this I would like to see the price rise above the most recent resistance marked with the blue rectangle, if the price then holds here as a support a long can be entered with SL just below support and a TP at 0.382 Fibonacci which is around 6.67000. This also aligns with a support area in Feb/March/April 2019.
Long
by olly48
USD/CNH : 🔥 PRICE ACTION ON DAILY TMF + BAT PATTERN 🔔Welcome back Traders, Investors and Community! Analysis of #USDCNH If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Price action On H4 timeframe + Bat pattern - We will be waiting for all the confirmations to enter in this trade. A clear chart is Always the best business card for a trader. *** Your support and feedback will always welcome Thank you for your time. The information contained herein is not intended to be a source of advice or credit analysis Regards, Walter
Short
by FOREXN1
10
USDCNH short term downtrend weakensFrom the daily perspective, downtrend is definitely weakening with higher low formed. Some highlights are as below: 1. The power transfer in the US was in peace which removed the political uncertainty factor. That benefit dollar in my opinion. 2. CNH has been up too much against the greenback for the past year and Chinese government may not prefer. That hurt the export business. 3. Refer to my technical analysis in the chart. This is in line with my view regarding DXY below. The two ideas are confluence with each other.
Short
by JICPT
USDCNH on a bear flag 🦐USDCNH after testing the lows near a dynamic trendline retraced inside a minor ascending channel. The market reached the 0.618 Fibonacci retracements and now testing a support According to Plancton's strategy, if the conditions, will be satisfied, we will set a nice short position. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
26
USDCNH BULLISHA lot can be expected between the US dollar and the Chinese Yuan in the next coming days / weeks. I think history has the best story to tell and here, I share my overall trends in which the USDCNH has been trading. The U.S. dollar greatly depreciated against the Chinese Yuan and created a pin bar on its all time ascending support I think we could potentially see a strong dollar against the Yuan in the next coming days. Please leave a like to show your support 🤗. Thank you
Long
by Timgucci
2
USDCNH on a bear flag 🦐USDCNH after testing the lows near a dynamic trendline retraced inside a minor ascending channel. The market reached the 0.786 Fibonacci retracements and now testing a support According to Plancton's strategy, if the conditions, will be satisfied, we will set a nice short position. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
18