CNHUSD trade ideas
Exhaustion of uptrend in triangle patternDISCLAIMER and RISK WARNING: Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them. Don't trade with money you can't afford to lose. The contents and information provided here are for information purposes only, and are neither a solicitation nor an offer to buy or sell forex, cryptocurrencies, futures , commodities or stocks.
USDCNH Break and Retest of Rising Penant (4HR)Chart shows a bullish pennant with a break and retest. Market is overall in UpTrend as well. So, should be pushing up a good amount of pips within next few days to reach the previous highest daily resistance. This analysis has worked thus far confirming buys for me on 1 hour with "W" at the lower lows. All in all USDCNH looking long here
USDCNH 3/30/20 BUYVERY SLOW MOVING PAIR Low RISK .... OVERLEVERAGED
Price is closing and entered on a big support area
Pice formed a bullish penant got out for 20 pips last week before market closed due to swap fees for holding over the weekend would like to see it push all the way up to the top of the start of the penant
Breakout of minor trendlineDISCLAIMER and RISK WARNING: Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them. Don't trade with money you can't afford to lose. The contents and information provided here are for information purposes only, and are neither a solicitation nor an offer to buy or sell forex, cryptocurrencies, futures , commodities or stocks.
Descending Triangle Wait for break out and retest of about 61.8% fib retracement then enter sell. GL
20200331 Short USDCNHChinese March PMI data beat expectation. Manufacturing PMI jumped from 35.7 in Feb to 52 in Mar. (Exp. 44.8) while Non- manufacturing PMI jumped from 29.6 in Feb. to 52.3 in Mar. (Exp. 42). Data shows that the economy has been stabilized since the outbreak of the virus. Now might be stronger comparing to the U.S. Technically, USDCNH is still above 7, and relatively high comparing to recent highs. Daily MACD is currently downward sloping, stochastic also passed overbought zone, might be a chance to sell USDCNH.
USDCNH. What to expect in this global crisis?Hello dear subscribers!
China is rejoicing!
No new cases of coronavirus infection have been reported.
This means that China is opening its provinces,
the process of production and trade is getting better,
the Chinese yuan is growing,
but in America the opposite is the case,
the number of infected people is increasing every day by hundreds or thousands of people,
another factor that favorably affects the Asian market is cheap oil,
now the price per barrel is 21.80,
such an outcome is not beneficial for the Americans.
Everything will be decided only when the countries included in the OPEC + alliance resolve the economic collapse.
Good luck, do not get coronavirus!
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This idea does not provide the financial advice.
USDCNH could drop below 7 to complete correctionIt looks like we can see this pair revisiting sub-7 area to hit the downside of the channel around 6.82.
(EP #69) Kelvin Trade Ideas - USDCNH Bat Pattern 2020-03-26The market is in a sideways trend in one hour chart. Also, a bullish bat pattern is almost complete, it provides a potential reversal level from 7.07250 to 7.06850. I am waiting for the market give me the confirmation signals which are near the potential reversal level, then I will decide should I long the market. I will have a beautiful stop loss level because we can see a clear support level (~7.0640).
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USDCHN Long Set-up USDCHN 3-hrly, looking bullish -there is a 'failed to return to demand' ftr that happened there ( from RBD), -most likely a wave 5 to be completed for the Wolfe.
*Wave 5 Wolve I call it a lagging Wave, you will either catch it completed or incomplete :(
Bullish interests, some attention to R - for resistance.
U.S. DOLLAR / CHINESE YUAN (USDCNH) DailyDates in the future with the greatest probability for a price high or price low
U.S. DOLLAR / CHINESE YUAN (USDCNH) WeeklyDates in the future with the greatest probability for a price high or price low
USDCNH 2020.03.24As China ’s epidemic eases, production resumes, and the economy begins to recover. Coupled with the Federal Reserve ’s unprecedented monetary policy and fiscal stimulus, the liquidity of the US dollar has gradually eased, and the yuan will eventually appreciate.
USDCHNThis looks like an amazing opportunity for a sell. Price has broken out of the cloud, lagging span has also broken out of the cloud and it has broken my previous Higher Low. Lets see where this pair takes us
