USDCNH High-risk Short ScalpUSDCNH High-risk Short Scalp. TPs on chart. 100-200x leverage. Move SL on TP: 1.5 offset, 0.5 step.
USDCNH trade ideas
USDCNY 31st MAY 2022Asian shares erased early losses in Tuesday afternoon trade, as signs that China's economic pain may be gradually easing amid the easing of COVID-19 restrictions overshadowed broader investor concerns about a global inflation shock. Also lifting sentiment in the Asian region were details of Beijing's new policy support, which includes cash grants to hire fresh graduates and support for internet companies that list overseas.
China's official PMI for May showed factory activity continued to decline but at a slower pace than in April.
USDCNH APRIL 2022
USDCNH MARCH 2022
USDCNH Forecast: 0.88% IncreaseUSDCNH price closed above the trend line. Break out candlestick engulfs previous candlesticks. Attributes in the chart indicates a bullish market.
USD/CNH May Resume Broader Uptrend as China Faces Growth WoesThe US Dollar may regain its footing against the Chinese Yuan amid favorable fundamental headwinds.
China's zero-Covid policy has been weighing on local economic output. Meanwhile, rising fears of a recession in the US are slowly weakening global growth expectations. This leaves China in a tricky spot, even if conditions open up locally. A slowing global economy could sap the demand for Chinese goods. Diverging monetary policy is also favoring the US Dollar against the Chinese currency.
On the daily chart, USD/CNH has left behind a bullish Morning Star candlestick pattern. Further upside follow-through could open the door to further gains. That would place the focus on the May high at 6.8376.
Otherwise, clearing immediate support at 6.6480 exposes the Mat low at 6.6119 as the 50-day Simple Moving Average nears.
Head and shoulder formed! There might huge short selling pressure will build up as price has formed head and shoulder. I'm positive on shorting this pair. Follow me if you found this helpful
USDCNH Update - Major Breakout UnderwayIf you bought this pair when I first featured it here, you have made money. If you were leveraged 50:1 - which - often is the case in forex, you have likely returned more (% returned) in this trade than what you can expect in three years of investing in a vanilla benchmark-tracking 401K.
I remain long USDCNH and will continue to cover it for the foreseeable future.
Something to consider: such a rapid deterioration of the Yuan is reason to speculate the Chinese economy is becoming increasingly decoupled from anything that resembles the last 10-12 years of price action. For example, if the Yuan were to surpass $7.20, I would start to suspect two possible (again I can't "predict" anything) situations:
1. The Chinese economy in severe distress (hopefully not).
2. Intentional disregard for participation in the global economy, as it exists currently (hopefully not).
Again, we are not there YET; all we can do is read the chart and analyze information / data as it becomes available.
Pray for peace.
God Bless
USDCNH WILL HIT TO 14 IN THE NEXT 2 YEARSIts based on a very simple reason, that is Xi's personality. the first target is 7.2. and then. opps...Time will prove everything.
LONGHello Friends, We applied Triangle Breakout and fibo Entry@ 100 Stop-Loss@ 23.6 Take-Profit@ 161.8 . Like , comment if You see a better picture. HAPPY TRADING
Wow usdcnh R/R8.6 !!!The deal was done!!!
The deal was done.
The Chinese Currency deal was done with R/R: 8.6 in 100 D
:D
Monthly CNHUSDZooming out to the monthly CNHUSD which represents offshore yuan, we have clearly had an exit from the downtrend that has been in place for close to a decade. The big question is, what's next? Right now, I'm seeing the CNH drop out of a rising wedge to potentially retest the downtrend and/or the 72/89 EMA cloud. I've drawn out my best guess on what a retest would look like. Likely a pull back that translates to sideways consolidation on the 72/89 EMA cloud, and then a rally up.
This chart is more interesting from more of the global implications perspective. Will China devalue again as they did in 2015? If the bull scenario plays out here, what would cause a significant increase in demand of CNH and CNY?
Keeping this macro chart on the list of things to watch.
USDCNHThe price complete ending diagonal and grown. so the price had a fake break out and it started new wave to up.
USDCNY 25th APRIL 2022USDCNY still under bullish pressure. Currently, China has shown signs of implementing a new normal, but its economic growth is not as aggressive as before the pandemic.
13 Chinese cities have been in total lockdown since March, and several others have been in partial lockdown.
The Chinese government reported that there were around 15,000 confirmed cases of Covid-19 nationwide in March.
USDCNH D1 - 17th MARCH 2022
Although the current slowdown in China's economy has not had much impact on Indonesia in the short term,
However, it must be anticipated in the long term. Especially at this time commodity prices are also experiencing an increase.
USDIDR WEEKLY - APRIL
The Beginning of the Golden Dragons Collapse?China is struggling, Covid 3.0 or whatever version we are on now is taking a hold of the Chinese, Shanghai in lockdowns and Shipments struggling to dock. The Chinese Economy is in a very interesting position currently, with Companies like the Chinese Titanic 'Evergrande' defaulting. We are seeing China try to expand its influence in the SCS ( South China Sea). When we take a look at the currency pair USDCNH, we are seeing the USD start to gain some real ground and this weekly charts shows the potential for this rally to continue to the 7 area, we can look for a retest of volume before opening potential long positions.
USDCNH analysis in the long termThe growth of the dollar against the Chinese yuan in the medium and long term
JICPT| CNH may weaken against USD with key support of 6.36! Hello everyone. It's been one months since I published an idea titled 'USDCNH testing policy bottom of Chinese Government'. Definitely, 6.35 is policy bottom which explained clear in the related idea below.
However, it kept going down until it touched 6.30. It was very interesting to observe the huge volume . I suspected government intervened as whole figure really mattered. 6.29ish is totally different from 6.30. Coincidentally, that was the day Putin announced military operation in Ukraine.
In the following days, I also noticed two abnormal volume with one thin candle and one thick candle respectively. Then, Chinese mainland market as well as Hong Kong market tumbled with CNH quickly weakened against USD. I don't think government stepped in this time. Short sellers were likely to jump in.
Did the downtrend channel got firmly violated? Not at all. The key support is 6.36. If it holds well, the pair may go sideways before forming another leg to conquer the trouble channel. If it failed, the pair is likely to seek support around 6.3250.
I think the weak CNH benefit China's economy. Of course, the government will also take into the account of the internalization of the currency. The strong CNH helps.
Everything has two sides. Let's see where it's going. My personal view is that the pair is likely to go back to 6.50 within the next two quarters .
What do you think?
Macro offshore renminbi compared to USDMonthly chart so much more macro. Theoretically, the way this could play out is that it falls out of the rising wedge to retest the 72/89 EMA cloud. After that, its make or break on falling back in line with the broader downward channel or to send it and bounce off that EMA cloud. The interesting note is the implications of what a bounce off the EMA cloud means... foreign countries holding the CNH. Macro-wise, could be signaling a shift in preferred currencies which I would assume would be due to emerging markets dumping the USD in favor of the CNH.
Big speculation. Who knows!
USDCNH: Yuan, Yuan, YuanAnalysts have been asking if China will allow the Yuan to weaken for ages, and now it's starting, everyone's gone quiet...
Why is China's currency weakening now?
One explanation is yield differentials. Once upon a time, you could invest in Chinese bonds and earn a lovely premium vs US yields for doing so. That isn't the case now 👇
Chinese yields have gradually fallen, while US yields have risen sharply:
Now, this could all wash out. Dollar strength is being driven by the Federal Reserve's hawkish tones and high inflation in the US.
Bostic is already worrying about global growth and talking up the need to be "cautious".
If some of the 2022 Fed voters start to talk up those same concerns, maybe the markets begin to scale back those hike expectations, and weaken the dollar.
But that's only one side of the equation...
Back in 2015, the PBoC devalued the Yuan by 3%. Which if you look at it on the chart wasn't that big a deal...
It was a controversial decision however...
The move was unexpected
, and many believed it was a desperate attempt by China to boost exports in support of an economy that was growing at its slowest rate in decades.
However, the PBOC claimed that the devaluation was part of its reforms to move toward a more market-oriented economy.
The sudden shift sent a signal, and the yuan hasn't revisited the 6.20 level since.
And things don't really look too different now. China's economy is slowing, while global growth/demand is slowing too.
And for all the big promises of "common prosperity" or boosting domestic demand, nothing has really changed.
Back in August 2019, growth concerns were front and centre. The yuan was far weaker than it is now, trading above 7 per dollar. A weaker yuan was seen as a positive development for the Chinese economy by making their products cheaper for foreign buyers.
It might not be so abrupt, but there are plenty of reasons for the Chinese authorities not to push back too vigorously against a weaker Yuan.
US Dollar Pressuring Yuan as USD/CNH Breaks Year-Long TrendlineThe US Dollar is making a move against the Chinese Yuan after months of consolidation.
USD/CNH took out a year-long falling trendline, as well as the 6.3941 - 6.4107 resistance zone. This marks the highest close since October. Further upside confirmation could perhaps hint at a turning point for the almost 2-year long downtrend.
A bullish crossover between the 20- and 50-day Simple Moving Averages (SMAs) remains in play. These lines could come into play in the event prices turn lower, holding as key support.
The breakout has exposed the September high at 6.4880. Negative RSI divergence does show that upside momentum is fading, so keep an eye on the trendline. The latter could hold as new support in the event of a turn lower.
FX_IDC:USDCNH
USDCNH Long | Chinese Yuan Looking to DevalueBought USDCNH. This position is consistent with my bullish $USD thesis.
Chart shows it is a good risk-reward. Macro backdrop supports it.
God Bless!
Chief
symmetrical triangle bullish variant just found this symmetrical triangle bullish variant. possible buy on the short term
USDCHN Could Fly to 6.5000 or 6.8000 by 2023Global View:
"U.S. and Chinese Bond Yields Converge, Reversing a Decadelong Pattern: China’s formerly large yield advantage has disappeared" (WSJ: www.wsj.com )
"Capital outflows from China are expected to continue in coming weeks after an exodus of foreign funds from Chinese sovereign bonds in March, experts said, as the country’s yield advantage over US Treasuries disappeared for the first time since 2010." (SCMP: www.scmp.com )
tradingeconomics.com
Technicals:
C&H or IHS with Volume Confirmation
Projection:
6.5000, 6.6500 and 6.8000
