CNHUSD trade ideas
USDCNH Bullish ForecastThe first and nearest for this one is 6.49060
I see ABC pattern and it looks bullish at 41.68-RSI
The bias is 6.53746 for USDCNH, H4
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Khiwe
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
USDCNH ANALYSISUSDCNH retested broken uptrendline
Price rejected from 50% Fibonacci level at 6.4768
Price is based below HVN at level 6.4670 which indicates that pair is in distribution phase
Below SMA 100
MACD shows start of bearish momentum
It's expected to target key level at 6.4389
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.
Bullish Cypher (M)Hitting the first take profit level at 2R confirmed the Weekly Bearish Deep Crab.
Price completed the reversal of the trend by breaking below the pattern:-
Price is now over-extended leading to the potential for the Bulls to take control in the short term using the Structure of the Cypher pattern.
USD/CNH : 🔥 PRICE ACTION ON DAILY TMF + BAT PATTERN 🔔Welcome back Traders, Investors and Community!
Analysis of #USDCNH
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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.
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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
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.
USDCNHThere has been huge bearish momentum with Usdcnh due to top political uncertainty and the pandemic
However, I'm forecasting that the selling pressure will begin to ease and reveal a potential upside for the pair
I would monitor the pair and wait until the bullish trend emerges and ride it to the key levels
Be aware that it could potentially form a consolidation period due to the fact that it looks to be within a channel range.
USD CNH SELL POSITIONUSD CNH Following USD CAD with the same chart structure and loss of buying volume
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.
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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.
Long after break out ...disclamer this is just an opinion My prediction is long buy hold next 4 months... if it breaks only ...been in the game a year so im not really that good just trading how my mentor (Repect forex hendry atang )
Im just sharing my service for free coz is a prediction not what will really happen just an opinion
USDCNH bull countThis is my idea of a potential bullish count on USDCNH.
See USDCNH trends in link below.
Please leave a like to show support.
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
USDCNH possible short.On the daily TF market has formed a over extended W formation and we expect to see the pattern complete at the neckline,on the 1hr market has broke below structure with a nice bearish impulse, also a nice head and shoulders looks to be forming we will be waiting on the lower TF for market to meet our rules of entry before shorting.
USD/CNH USDCNH 4H Trading Channel - Going up USDvsCNHUSD/CNH USDCNH 4H Trading Channel - Going up USDvsCNH
