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CHINESE YUAN / U.S. DOLLAR

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CNYUSD trade ideas

USDCNY Bear Divergence on the WeeklyThis idea is to showcase the same strategy we are planning on the daily on USDCNY. This is the same game plan as our daily idea on USDCNY. If we took this trade the strategy would tell us to place our stop above the high when the divergence is formed. Our profit target would be placed at 50% of the entire divergence move or 100% targeting the low of the first high that created the divergence. If the daily plays out using the same strategy as the weekly your target will be achieved. If the weekly plays out a bear divergence as it did here then our daily trade will get stopped out and we should look for another weekly divergence to enter using the same strategy.
Short
by DejaBrew
Chinese yuan is heading lower.US-China tariff war is killing China as it is the factory of the world. Look around you, how many things says 'made in china' on it? What does that mean? It means obviously China's economy is heavily relying on exports. Like what's been written on zerohedge here. 'In this context, a Sino-American trade war is not only most unwelcome but also untimely. In July, the U.S. implemented a new 25% tariff on $50 billion of imports from China. U.S. President Donald Trump threatened to increase the tariff rate from 10% to 25% on a further $200 billion of imports from China if the latter retaliated (which it did), and even subject all $500 billion or so of annual imports to tariffs. Beijing's riposte was to threaten variable tariffs on an additional $60 billion of imports from the U.S. Since China only imports about $150 billion of goods from the U.S., the scope for its own tit-for-tat tariffs is almost exhausted. If it wants to continue hitting back at the U.S., it will have to resort to some combination of currency depreciation and the use of its extensive system of regulations to target U.S. products and companies doing business in China. As far as depreciating the yuan is concerned, the Chinese authorities are moving into dangerous territory.' Source : www.zerohedge.com 8% of depreciation is nothing, more is about to come. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Long
by JoE
USDCNY - Daily - Yuan is trying to fight backTrade Alert We could potentially capture the fall here, because it seems that the Yuan is trying to fight back from its recent sell-off, that's why we have seen USDCNY skyrocketing. We can see that the uprise is supported by a steep line, which could get tested soon. But if this time it won't be able to withhold, then a break of that upside support line and a close below the 6.715 level could initiate more selling and the pair could travel lower. Please examine the chart for potential levels. Don't forget to have your SL in place.
Short
by JFD_Research
3
USDCNY Daily tf analysis.This analysis takes a quick look at the USDCNY on a Daily tf chart. The points noted on the chart are discussed below: (1) Major bearish trendline in the USDCNY (in color blue) that has been active since ~January 04, 2018 and was successfully tested on July 3, 2017. (2) This region marks indicates where the USDCNY is expected to find resistance on a breakout above the major trendline. This region is indicated by the price labels as ~ between $6.84 and $6.80. (3) This is the resistance area that coincides with the major trendline i.e. (1) above. The implication of both is that it indicates stronger resistance than (2) above. (3) is present between ~$6.72 and $6.67. (4) Support region between ~$6.57 and $6.53 that is expected to provide a bullish momentum upwards in price action. A break below this region is expected to see price reach between ~$6.48 and $6.44 as indicated by (5) in the chart. (6) This is the MACD with only the MACD line (blue) and signal line (orange) color shown here. Both indicate a bullish bias for the USDCNY. However, price at the trendline (1) and resistance area (2) above do suggest waiting to see what happens at the resistance area before taking further action.
by Coin_Analyst
USD/CNY Analysis: Mid-TermTechnical Analysis i) Looks like a Cup and Handle formation for USD/CNY on the weekly chart. Looking to short play the Handle, looking for entries between 6.62 - 6.64 down to 6.48 level. ii) Our most likely scenario (1), will have a pullback from the Handle down to the 6.48 level from their should look for some long positions up to 6.8 level. *ii) However, as any good trader should know is that you shouldn't get married to a position or scenario. Therefore, for this scenario (2) at the 6.48 level instead of immedietaly closing position I advice that we re-assess the markets at that moment in time and see whether we should continue shorting down to 6.3 further easing into shorts on the ride down. **A1 is a copy/shadow of the Bars Pattern taken from A. Fundamental Analysis The strength of the US economy which led the Federal Reserve to raise interest rates this year in conjunction with Trump's Tariffs has led the Chinese Yuan to fall more than 3% again the dollar in the past two weeks as tensions between the two largest economies has escalated. Chinese companies have amassed huge leveles of US dollar debts in recent years through bond sales in Hong Kong, according to financial data provider Dealoagic. However, it seems that China has been preparing for the upcoming Trade War as Moody's Investors Service stated that 'll but five of the 49 rated South and Southeast Asian high-yield non-financial companies have protection in place against a significant rise in debt levels or borrowing costs, if their local currencies were to depreciate up to 15% against the US dollar. The 49 companies reported a combined US dollar debt total of $45.5 billion as of year-end 2017, or about 55% of their total outstanding debt'. We can expect a further depeciation in the Yuan which shouldn't be to alarming for investors as it could make China's huge export industry more competitive globally as it makes Chinese products cheaper for buyers who pay in dollars. For which Trump has in the past repeatedly accused China of manipulating its currency's value in order to acheive this.
Long
by MoneyBodySoul
USDCNY - Daily - Most popular topic recently: "Trade War"Trade Alert For now, it seems that this pair could continue shifting north towards our key levels of resistance. With China, potentially, trying to solve their export issue, they could devalue their currency a bit more, in order to make their exports more attractive. This could drive USDCNY a bit higher again. Please see the chart for potential targets above the current rate. On the other hand, do not exclude a possibility for a bit of a correction to the downside, in order for the bulls to jump in again at later stage. Also, please see the chart for details. Don't forget to have your SL in place.
by JFD_Research
USDCNY - Daily - Time for Yuan to recover some of its losses?Trade Alert It looks like the Yuan is trying to fight back and recover some of its losses recently. USDCNY is currently below the 21 EMA, which could be interpreted as a bearish signal for the pair. A break below the 6.383 level could open the path towards the next key area of support at 6.355. Below that, we have another good area of support at 6.325. On the upside, a move back above 6.410 could interest the bulls in driving the pair higher towards the 6.435. Don't forget your SL.
by JFD_Research