Get started

OFFSHORE CHINESE YUAN / U.S. DOLLAR

No trades
See on Supercharts
Overview
Ideas
Discussions Technicals Seasonals Economic Calendar

CNHUSD trade ideas

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. 🔥🔥🔥🔥🔥🔥
Short
by MrRenev
7
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-en
The CNH manages to force the USDCNH exchange rate to hold steadyAs evident on the chart, the Chinese yuan manages to force the USDCNH exchange rate to hold steady this Friday’s trading sessions. Despite that, the trading pair’s prices are still widely projected to continue its bullish route and gradually head on over to its resistance level in October. However, it’s worth noting that more experts are now getting convinced that Beijing is ready to let its currency strengthen against the US dollar. This raises speculations as to whether the yuan could actually become one of the biggest currencies in the coming months. On the other hand, the US dollar’s strength was strained by the latest news about Federal Reserve Chair Jerome Powell’s indication to aid or support small business and unemployed people in the United States. According to Powell, the US Congress should prioritize those groups if they were to reallocate the funds away from backstopping the central bank’s own emergency lending programs.
Long
by Financebroker