USD CNH BUY (US DOLLAR - CHINESE YUAN)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
CNH
ridethepig | USDCNH Market Commentary 2020.09.22It is a well known phenomenon that the darling of 2020 has been the Yuan. An important difference operationally for China has allowed the sharp speculators to ride the flows in the endgame of an economic cycle.
We must first take a look at the outpost we spotted earlier in the year, the start of sellers activity. There are signs of some short-term dollar strength via risk which means the flows are becoming less simplistic in nature and will start to aggressively shake out the late retailers with awful entries.
The continuation from this position is also down to Fed. As US continue to print and finally artificially devalue the dollar we must also track the speed of which inflation returns. Those who believe in 2% inflation making a return will be tracking the supply side chains, rather than the demand side. Less tech advancements, a pullback in globalisation and increased government intervention are bearish for US and Chinese Equities.
USDCNH Long IdeaThis is one of my favorite setups on the 4H Chart.
We are looking for RSI divergence at extreme levels - must be oversold on both lows, and must have divergence. We then look at the fibonnaci inversion for entry points.
USDCNH Weekly Candlesticks & Ichimoku ChartWith the Chinese economy strongly recovering, and the PBOC being one of the rare few central banks which is not printing like there’s no tomorrow, the outperformance of the CNH is just beginning.
USDCNH has closed below the weekly Ichimoku cloud convincingly. Any pullbacks to 6.93–94 will be a good opportunity to get short for a test of 6.70 and below!
USDCNH ANALYSISUSDCNH rebounded from downtrendline with bearish movement
Price is rejected from 50% Fibonacci level at 6.9252
Pair is based below key level
Below SMA 100
MACD shows weakness in bullish momentum
RSI is below level 50
It's expected for coming bearish wave (c) to target daily demand zone at level 6.8454
USDCNH ANALYSISUSDCNH broke major uptrendline on daily frame
Price respects major downtrendline
Pair is based below resistance level at 6.9630
Below SMA 100
MACD shows bearish momentum
It's expected for the continuation of bearish movement to target key level at 6.8165
NFLX 2013 CNH 1DATRAfter the 7x runup from 2009 to 2011, it fell back to almost where it started and based on declining earnings.
Then, better than expected earnings formed this CNH base below the 200ma and gave an earl 1y entry signal.
1DATR sufficed.
USD CNH | 1W | Technical AnalysisHelicopter view of USDCNH currency pair, and some ideas on how to act upon the recent price movements.
USD/CNH 7/7/2020Welcome to this analysis on USD/CNH.
Looking at the daily chart, the price has been trading in a wide range between 6.85 and 7.2 since July. On 28th of May price tested the top resistant of the range and got rejected from there and created a Head And Shoulders reversal pattern at the top half of the range that just got activated by a break and close below the neckline of the pattern at 7.04. The target of the Head And Shoulders is around 6.88 as long as the price doesn't move back up above the right shoulder of the pattern.
The first support zone below the price is around 6.92 and below that the low of the range at 6.85.
This trade idea has 4 rewards to risk ratio.
Good luck trading.
USDCNH Bullish OpportunityWaiting for Price to Breakout of this minor trend line holding price orders, in order to enter with precision and proper Risk/Reward. I have to wait and adapt to the market conditions that show when the market opens, by adapting means by adjusting the trading idea as price flows closer to support if it decides to. Get your Buy Stops ready is all I'm saying.
JPY/CNH: SYMMETRICAL TRIANGLE BROKE-OUT
Hello traders!
As you can see from the chart above, JPY/CNH just broke out! I think that the price will continue to go down for two reasons:
- MACD LINE crossed SIGNAL LINE -> STRONG BEARISH MOMENTUM (it’s getting stronger)
- RSI is not OVERSOLD yet so there is a good range for the price to continue its downhill
Go short until the TARGET (dotted line) and remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!
USDCNH trend is reversing!Look at the chart and the channel, a ABC of 6 years is over.
Expect USDCNH to go blow 6.
UPDATE!! USDCNH near to a melting point? 🦐After our last call on this pair the market seem to carry on the down trend and now found a support area on the upper trend line.
IF the market will break the trend line and consequently break the support structure at the resets we can look for a nice short order according to our strategy.
For the one who enter in the trade at the previous signal they can keep their position and go risk free on the trade.
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Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
USDCNH ANALYSISUSDCNH is based above key level at 7.0410
Price broke corrective downtrendline
Pair is forming inverted Head & Shoulders pattern
Price is based on HVN at level 7.0822 which indicates that pair is in accumulation phase
MACD shows starting of bullish momentum
RSI is in uptrend
It's expected for coming bullish wave to target resistance level at 7.1980
