UPCOMING WAIT PATIENTLY SHORT AFTER LONG ............................................................
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USDCNH trade ideas
USDCNH LONG BIASTensions are likely to increase further with China's proactive actions in Hong Kong, Huawei, Trade issues and the ongoing pandemic. New tariffs on chinese goods, amid already strained relations, would likely prompt the Chinese to devalue.
Offshore Chinese yuan (USD/CNH) back at trade war levels7.165 has been a price ceiling since October when trade tensions begun to cool on talk of phase one deal.
Possible scenarios
US/China tensions flare up = level break
US/China tensions die down = level holds
USDCNH - Buy Limit Entry 7.1085Stop Loss = 7.10367 / Take Profit = 7.113 > Coupled with a 1% risk and 1% reward.
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It looks USD at the end of its way up on both technical and fundIt looks USD at the end of its way up on both technical and fundamental analysis.
The recovery momentum of Turkish lira investorsThe recent rate cut from the Turkish central bank has stopped the recovery momentum of Turkish lira investors. As of writing, it’s seen that the pair is gradually gaining once again and this time, it’s believed that bulls will bring it back to its resistance. However, it’s still uncertain whether bulls will have enough strength to break the pair’s resistance as the Turkish economy gradually reopens. Meanwhile, late last week it was reported that the Turkish central bank eases its official interest rates, or otherwise known there as a one-week repo rate from 8.75% to just 8.25% as expected prior. Bullish investors of the pair immediately saw an opening to gain again following the central bank announcement. However, as the move was still in line with expectations, it didn’t cost major losses for the Turkish lira immediately. Economists are still warning that the consecutive rate cuts are putting intense pressure on the Turkish lira and the country’s economy.
Signs say that USD/CNH will continue to head upwardsThe nerve-racking trade tension between Washington and Beijing has propelled the US dollar to the Chinese yuan exchange rate. Signs say that the pair will continue to head upwards, reaching its resistance and surpassing its highest levels from late last year. looking at the pair, it’s evident that it has just become bullish last month when the 50-day moving average climbed up against the 200-day moving average. The US dollar rises against a number of currencies in the market as mainland China accuses the United States of pushing geopolitical tensions to a new “cold war”. And the once again escalating anti-Beijing protests in Hong Kong is making it difficult between the two parties to patch up things. See, last week, China announced a newly published draft law that will remove the special administrative region status of Hong Kong and give the Chinese government more power in the Asian financial hub. A move that raised several eyebrows.
USDCNH. The price reversed and begins to fall.Hello dear subscribers!
The price of this currency pair is constantly changing.
In the previous chart about this pair,
there was a classic cup and a handle pattern and it worked!
The price hit the resistance level and turned in the opposite direction.
The price will continue to fall to the target.
Good luck to you.
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This idea does not provide the financial advice.
USDCNH broke bull flag 🦐USDCNH broke bull flag and retest it, above 'd' point.
The price should create another impulse to upside, but beware, the price has a strong resistance ahead
USDCNH. Growth to the level of resistance.Hi subscribers!
The price of the Dollar wins over the Chinese national currency.
The price will rise to the level of resistance.
Good luck to you!
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This idea does not provide the financial advice.
$USDCNH - Buying the dip #forex #trading #justitechBuying dip ahead of next major extension in USD CNH
USDCNH SHORT( 23:1 Reward:Risk)-Expert Quantitative AnalysisNet Short Buyers: 6
Cumulative Quantitative Power: 1250
Signal: Sell with the above chart parameters.
(EP #100) Kelvin Trade Ideas USDCNH Bat Pattern 2020-05-17A bearish bat pattern is almost complete in four hours chart, it provides a potential reversal level (PRZ) from 7.15340 to 7.14510. This PRZ is overlapping the previous bat pattern's PRZ. I will wait for the market to reach the PRZ. If the market gives me confirmation signals later, I will decide should I short the market.
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USDCNH. Cup and handle. Hello dear subscribers!
The economic battle between the Great Powers continues.
The price of the Dollar shook at the beginning of May,
but as soon as the price of oil began to rise,
the American currency strengthened in the world market,
and this is facilitated by the currency printing press,
which operates at full capacity.
So the price will develop according to the cup and handle pattern.
Good luck to you.
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This idea does not provide the financial advice.
USDCHN Long Trump escalates Trade War with China. Clear cup and handle pattern breakout points to higher USD. More deflation coming.
