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CHINESE YUAN / U.S. DOLLAR

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CNYUSD trade ideas

USDCNY - 240 - Just a quick shout-outTrade Alert USDCNY is flagging out, there is a chance to see a continuation of the uptrend. That said, before examining the upside, first, we need to see a clear break and a close above the upper side of the potential flag formation. Only then we may get comfortable with the upside. If the pair breaks lower, before aiming further down, we would need to see a drop below approx. the 6.862 zone. Please see the chart for levels and targets. Don't forget your stop-loss.
by JFD_Research
U.S Dollar and Yuan Hi, CNY hits seven-months high as it retains its two consecutive days' win against USD. The CNY/USD rose to CNY6.6874 per USD1, recording the highest since 17 July. The last two days projected a bullish engulfing as seen on the big candlestick during the last four-hour timeframe. Before the big drop from CNY6.7321 to lowest wick at 6.6887. EMA50 was seen moving above the EMA20, showing a constructive bear trend. However, this could be reversed and show a strong rebound on the Yuan through China's proposal on USD30 billion for US agribusiness purchases.
by GOLDGRAM
Some Insight on the Trade War with ChinaHad some Trump Trade Politics come out this week about ‘eminent progress,’ being made with China on trade just before the November Elections. This was denied by all sorts of Washington insiders, but begs the question, when will we see some sort of resolution on trade with China? I think it would be great for China to evolve from being a Globalist/Corporatist New World Order TOOL to switching to a stance of Integrity and Honor, dealing fairly with their trade partners, improving the standard of living in China, and forsaking the evils of Mercantilism. Literally Everybody, except the NWO, would be better off if they did this, but that would represent a cultural change for China, switching from their own insular little world, and taking advantage of those around them, to standing as a contributing member on the larger world stage. Fundamentally what do we know? We know Xi and Trump are meeting in December, and that a quarter trillion dollars’ worth of trade is going from 10% to 25% in January. We also know Trump is going to slap tariffs on the rest of China’s exports at some point due to lack of progress. Technically, looking at the Long-Term picture, the USDCNY is in the C Wave of a rising Running Flat, making a measured move that would take prices up in the 7.15 to 7.20 range. We also know that this move would complete an even higher degree B wave. In Elliott Wave flat corrections there is often a time relationship between the corrective waves. If the B and C wave as shown are added together, it would be close in the length of time to the A wave.
Long
by Cincinnatuus