USDCNHUSDCNH in the descending channel. It forms the small bullish triangle and bearish ascending wedge inside. ☝🏻 More and more countries have trading relationships with China. It may: - make the yuan more and more popular; - put the dollar under structural pressure; - increase tensions between China and the United States. Best regards EXCAVOby EXCAVO32
Is USDCNH starting to build an inverse Head & Shoulders Pattern?After forming a beautiful double-top formation above 7 coming into 2020, we saw a fabulous downtrend in line with the USD weakness of 2020. But as Echo & The Bunnymen sang " Nothing ever last forever" and is that now the case with the USDCNH Monthly chart? Do we see the start of a possible inverse Head & Shoulders pattern building here? Or just the start of summer malaise? Id like to see price trade through 6.58 first, and then slide to approx 6.45 region which would back my theory. Watch and shoot over the next few months!by FXTraderPaul0
USDCNH top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.Long02:09by ForexWizard011
USDCNH top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.05:54by ForexWizard010
Weekly Out Look For USDCNH,FX:USDCNH Same Process The MAEST Formula #1 M = MARKET STRUCTURE ( Declining Stage USDCNH 1D-TF ) #2 A = AREA OF VALUE ( Price is at area of previous resistance, could potentially b resistance again ) #3 E = ENTRY TRIGGER ( Previous daily candle close fromed a tweezer top ) #4 S = STOP LOSS ( you set SL 1ATR avbove the daily range or 25pips above the daily range from entry ) #5 T = TAKE PROFITS ( Set a target 🎯 TP at the nearest swing lows ) More clues, as long as I'm concerned we are still in declining stage ( Market Structure ) so I will be looking for SHORT signals at daily areas of value wait for it to act at those levls then I follow the Price. And if price close below 6.45400level and sustain below it, the only thing I will be waiting for is a break of the daily trendline to finally go SHORT. With, Entry Stop Loss and Take Profits as shown. Your HomeBoy 01Kim's FXShortby 01KimsFX0
USDCNH top-down analysisHello Traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.Long03:29by ForexWizard01110
how to trade double top the price failed to break the previous HH. IF THE PRICE BREAKS THE NECKLINE OR PREVIOUS HL I EXPECT THE PRICE TO FALLShortby nicotj2
USDCNH - ShortSell trade between Fib 0.5/0.6 (highlighted in blue box) , Stop Loss - Fib 0 Take Profit - Fib 1.6 Risk Reward 1:2Shortby Sham_FXUpdated 0
USDCNH = BUY SETUP (SWING TRADE)We have an impulse correction and a possible continuation to the upside. Also on the daily time frame if we look left we can see a structural level on the market in which we have a support and multiple times turned resistance, and since the market has broken up above and turned support and since the market has now returned back to the structure level to retest we can see a continuation for long. So the setup is done on the 4H, we can see the environment is still bearish MACD is still below the 0 and EMAs are cut for short, so only if the EMAs will cut for long and the MACD will break above the 0, after the break and shift on the retest of the previous resistance turns support here is when we can look for the long. Stop loss is below the low and the take profit is on the -0.272 of the Fibonacci taken on the daily retracement. ENTRY: 6.46892 TP: 6.50639 SL: 6.45804 BE + SWAP + COMMS > Only BE if the market created and impulse and correction Longby fx_shifter0
USDCNH top-down analysisHi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover my next analysis. Also let me know your thought in the comment section what you think about this pair. Long04:37by ForexWizard010
US Dollar-Chinese Yuan vs Invesco Base Metals ETFUSDCNH is at a strong monthly trend-line support, with positive divergence. In relation to Resources (Inverse chart of Invesco Base Metals ETF in the upper panel), a medium term reversal (weaker a Yuan) could see the weakness in base metals continue to hold. At a locally level, a weaker ZAR is meant to provide a buffer for J210 but to what extent? by LD_Perspectives1
USDCNH BUYD1 CHART. W/ PARALLEL CHANNEL TREND If you find my analysis useful, you can support it by liking and commenting.Longby GoldiamondCapitalUpdated 2
🏛USD_CNH BREAKOUT! WILL GO UP|LONG🇺🇸🇨🇳 🏛 USD_CNH broke out of the falling channel And also broke the horizontal key level Which now serves as the support confluence And is being retested by the pair I am bullish now, and I think that after the retest The pair will go up to retest the next horizontal resistance level LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx2210
USDCNH full breakdown and top-down analysisHello traders, in USDCNH we see a bearish momentum on the Monthly, weekly and daily. The price has just previous monthly support as resistance and showing some kind rejection and looks like price started to meltdown. I have shown how we will be trading these instruments. Please like this idea if you find value and leave comment about how you think on this idea. Thank you.Short03:34by ForexWizard010