We currently have a short bias against the USD. And long bias for CNH, NZD, AUS.
With that in mind, USDCNH is currently signalling a good entry.
Technical run-through:
Daily
Price currently being resisted by kumo.
Price resisted by the 50 EMA.
Price at upper BB.
Entry
Both senkou span A & B flat for 1H & 30 mins
Chikou span still at price wait...
A hectic week for the markets after last week’s record-breaking performance. Gold failed to breakthrough its 50 daily EMA and currently remains supported by its previous all-time high level of $1,900. We believe price is here to stay until further cause of catalyst.
In comparison, Bitcoin seems to be holding at the $11,500 strong weekly support and is looking to...
