000001 trade ideas
Torcher Don't Miss investing in ChinaHi !
If you missed the chance to invest in China's physical economy.
Do you want to miss the opportunity to invest in China's financial industry again?
Investing in China will be your most regretless decision in your life.
Please don't underestimate China!
China will be the future center of the world...
Attention!
Good luck
Spike in Yuan Spread: Prelude of what will happen to YuanSpike in Yuan Spread: Prelude of what will happen to Yuan
Welcome back to WasabiChart!
Hi Everybody~ This is Wasabi.
I how you all enjoy a great weekend.
Today, I am going to introduce a new indicator showing the spread of the two Yuan currencies, CNH and CNY, in percent and we can apply to the current market situation.
The first chart is China Shanghai Index (SSE Composite) and the second one is USDCNH (Offshore Yuan).
As you might know, the CNY has a long history of the Chinese Yuan currency, circulated only inside of the mainland China. As compare to this, there's another Yuan currency circulated and traded outside of the mainland China, which is called CNH, also known as the offshore Yuan currency.
This CNH is currently being traded in multiple places such as Hong Kong, Singapore, London and Luxembourg. Due to the limitation of the access to the CNY by the foreign investors, there has been some degree of spreads in between.
With the recent rise in the tension of the US-China trade war, the spread between the two Yuan currencies is heightened remarkably.
The indicator line will be in red when it crosses above +0.25 % in the spread and in blue when under -0.25%.
When he USDCNH and/or USDCNY crosses above 7, we will see them skyrocket to the moon.
I hope you find it useful to assess where the Yuan currency is.
Happy trading!
Please subscribe and Like it!
Thanks,
WasabiChart
BTCUSDT V.S. A50 in China Stock MarketAs shown in the chart, BTC will probably have a tumbling period, maybe around 20 to 30 days, and then we will see the correction we keep talking about.
SSE Composite Thoughts The SSE closed lower for the week at 3,188.63, and may be forming a second, smaller bullish flag; the market could be gathering steam before making a push towards 3,320-30 resistance.
Shanghai Composite is overboughtI think it is worth a try to short the Shanghai Composite. I dont expect futher stimulus after the big congress and it is even overbought in the weekly
SSE Composite index (China monthly chart).SSE Composite index (China monthly chart). Price will rise.
SSE Double bottom / Bull div playSSE seems to be forming a double bottom at the 2470 support level; this in combination with the RSI and Momentum bull divergences and previous candle being a hammer candle makes me think we might be getting a relief rally to 0.786 fib level that corresponds to previous support.
More conservative trade would be waiting for a break of the green dotted line that would confirm the double bottom and break the downtrend with a stop loss below the line.
Shanghai Index - Another 10% to goThe under-performed market seems like another 10% to go. Based on fibonacci spirals projection, the 2015 projection suggesting price to reach 2361. And current projection from 2018 high at 2228.
China Bull? Just a bit of fun but they sure have a few similarities comparing the Shanghai composite to the Nasdaq composite. The blue overlay is the Nasdaq composite index from 1990 to the present day. Could history repeat? No idea. But if it does, I won't miss the train.....
70 pips more to drop or 2.5% more on the downsideChina SH composite is approaching 2016 low at 2638.
Adding the background the BOC raised the forward reserve requirement for foreign exchange and RMB surged.
If look at the down side, 70 pips to drop/-2.5%, will possibly see a resistance showed at the 2016 retracement low @ 2638.
Personally also considered it as the psychological support of investors.
Hope the index can stop there and enter into a new rebound. goldtrader666
Short SH Composite E=3309, Target T=3233 (-2.24%)SH composite Daily trend is down, should drop to wkly dz=3233.
