USDCNH is setting up for next leg Hi there, USDCNH is setting up for next leg watch price action on lower time frame for long. Good Luck Longby Wave-TraderUpdated 1140
USDCNH and DXY Non-Confirmation Suggests Reversal Potential USDCNH has held a massive level defined by resistance in October 2017 and support from February-April 2019. Price has also turned up from the bottom of a steep bearish channel. The top of the channel is about 6.81. Strength above would be viewed as constructive. Also, every important turn over the last 3 years has been marked by non-confirmation between USDCNH and DXY. A bullish non-confirmation is in place as long as DXY is above its September low. Finally, DXY seasonal tendencies turn up now (5 year look back) and after this week (10, 20, and 30 year look backs). Visit scandex.com to view more charts and ideas.Longby jsaettele3
Continuing TrendThe market was not able to correct the rise. Now the momentum is coming back and may bring us new highs.Longby motleifaulUpdated 1
ridethepig | USDCNH Long Term Macro Playbook📍 USDCNH An interesting few days for those in Chinese rates, a 100bp move in the front end, what an express train move!! Never seen anything like this before and shows the power from vol in repo fixing. PBOC will want to keep the pressure off equities, as they have been doing for some time now and hence we can see some recycling of those longs come out and make their way into bonds. This will be their only way to defend and help keep the moves to the downside contained and measured in USDCNH. In spite of the wide consolidation in Chinese Equities lately, China will be a major winner in particular from the oil crash as they were loading on the lows. The cheaper Chinese energy bill will help offset the next 12-18 month crisis. A smart move with the Oil CNY contracts as it essentially creates another mattress on the balance sheet. Later this will be described as the 'only move' that made sense and rightly so. Of course, aggressive dollar devaluation for the medium and long term is the new and decisive playbook. Sellers are happy to have held the highs, but their remaining ammunition must now make a significant impression. Those following the details of this 3rd impulsive wave may need to pull a trick or two after such a difficult battle. In any case, a test of 6.46 will be quite heart rendering, much better a deep retracement than a shallow breakup at this point . Shortby ridethepigUpdated 1135
SHORT on USDCNHUSDCNH broke the previous S/R Zone and is retesting it. We could see a further downside to the previous Support Zone.Shortby Mo_Rashid0
USDCNH SHORT D timeframeEl par se encuentra en un impulso bajista con objetivo a completar un nivel de mínimo más alto, estamos realizando la proyección de dos posibles niveles de continuación para aprovechar el último tramo del impulso actual Shortby xXMarf08XxUpdated 1
USD/CNH Long.Potential for a big RR. I don't see USD strengthening by much but we shall see. Long from here. Thanks for viewing ! This is not financial advice , please consider your own Due Diligence and Risk Management.Longby UnknownUnicorn50265901
The US Dollar is going to zero. Any PB is an invitation to sell.The USD pyramid scheme continuing its road to zero after a short term recovery. As I said back then - idk when weeks ago several times - any usd "recovery" is just an entry to short the ponzi at a good price. I would not pick any lame tiny pullback and I would have a small stop but not too small I can't (can anyone?) be precise. But I think unless the USD crashes hard, I mean REALLY hard, I don't think there will be a mega brutal recovery. So I'll bet on it when it bounces. Not sure yet but a stop of 1 ATR or less it what I'd go for it will depend on many things. By the way I dropped the indicators that I said I used a few days ago, that did not last long 😂 They get in the way and are really annoying, they do not serve any purpose honestly they just looked good. Obviously I use the ATR to sort of measure volatility and help size stops but I don't need it on the chart getting in the way. Other USD pairs are good too but I think USDCNH could end up real violent. It is accelerating since June. It is just getting more and more painful for whoever is foolish enough to be a bull (most likely the 3 retail traders that trade this pair are all furiously fighting the trend) The chinese currency had its biggest daily rise since 2005... China dumping its USD bags, foreign investors buying their currency and bonds. The chinese government are not as eager to devalue their currency and are willing to let it get stronger now. The pair of the world largest 2 economies (eurozone doesn't count you know what I mean and I'm not even sure they are up there right now) has a daily volume of $200 billion last I checked. It has an amazingly low retail trader participation, something like 20 times less than absolute garbage NZDCHF, and seems likely alot of potential investor are not paying attention (but now they heard about it, keeps mooving lower and biggest move ever - since it unpegged to the usd 15 years ago), funds, private investors... All the trend following sheep will join at some point. If retail paid attention they would buy due to low IQ but they are not relevant enough to make a pullback I do not think (and they'd sell the second it goes up rofl). Might not get good pullbacks yikes I hate when this happens. When it gets too extended no point even looking for one... The more it goes down the more money manager take notice. If it keeps going down because of a multi year fundamental reason at some point even Warren Buffett will come sell/buy. The USDCNH is just leading so hard It's going to zero. It's finally going to zero. 🔥🔥🔥🔥🔥🔥 Shortby MrRenev7712
USDCNHAnother entry after losing money on the first attempt to buy USDCNH Longby UnknownUnicorn2398798222
Long for USD/CNHNo lower lows, and we making higher highs! The lower key-zone must be respected! And of course, bullish candles!Longby Teig_Chen1
US DOLLAR VS CHINESE YUANMULTI TIME-FRAME ANALYSIS DONE. TRADE SHOULD ONLY BE TAKEN IF IT FITS YOUR IDEA OR PLAN. TRADE SMART. Longby Billion_Pips1
USDCNH video top-down AnalysisHello everyone, here is the top-down analysis for USDCNH, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!Long01:14by TheSignalyst3
USD CNH .. Bulls are in control nowThe long downtrend seems to have reversal now. we have daily TF inverted hammer so bulls are in control now.. lets BUY now SL (1ATR) just below the 6.72 + daily ATR TP = 6.84 SL = 6.72+Daily ATR please like and comment if you like the setup .. thank you Longby Fazm221
USDCNH: Time To Bounce Up!The price has reached the lowest point for the first half-year. Due to the relationship between the two counties. Recently, the price fluctuates rapidly, however, this situation could be ending. As we can see, the price broke out from the lower band of the Bollinger Bands, which means the price could meet pressure from the Bollinger Bands here. The MACD and RSI do not show any significant changes, however, we still can see some hints here. The blue line of MACD started to go up, and the RSI recovered from the oversold area. Let’s expect the price to go up by traderscolo-en3
USDCNH may have made a false breakout.This pair has already reached it's 2xATR while hitting this important daily key level. Watch 4H price action for long trade on this levelLongby UnknownUnicorn6954134441
USDCNH path and direction Hello everyone USDCNH broke a uptrend channel and now we retested the broken uptrend we should expect a drop to the demand zones or this could be a fake breakout and we head back into the channel weekly candle close is very important :) watch chart notes and feel free to ask any thing by Abu-Sushi2
USD/CNH About to move higher.In this view of the chart we are eyeing an expansion on USD/CNH price gains. The lighter green line is the predicted price movement. Consolidation at current levels is nearly over. Thanks for viewing ! This is not financial advice , please consider your own Due Diligence and Risk Management. Longby UnknownUnicorn5026590112