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CHINESE YUAN / U.S. DOLLAR

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CNYUSD trade ideas

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
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