USDCNH
USDCNH. Price has changed its trend.Hello dear subscribers!
The price of the Dollar is changing,
this is because the figure on the chart is: “Round bottom”.
This means that the price trend is changing.
However, there is an important condition.
You can buy if the price breaks an important mark near a key level (7.08000.)
Good luck.
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USD/CNH. AUD/USD 3/17 GDP Event Risk02:00 UTC Friday the 17th will be a notable event for key-event risk going into next week. The problem with this print is that Chinese GDP will be looked at with a very high degree of doubt. I don't think it will move the USD/CNH as much as it will move the AUD/USD, the world 's FX proxy to the Yuan.
This includes the AUD/USD and the AUD/YEN. The AUD/USD doesn't have the same manipulative capacities to falsify their data the way China does so I think watching the AUD/USD at 0200 on 4/17 for those looking for easy money.
09:56:56 (UTC)
Sun Apr 12, 2020
USDCNH. Will the United States Economy Endure?Hi dear friends,
The price of the American currency will fall,
because every day the Chinese economy is stabilizing
and recovering from such a terrible pandemic.
Although this is not a decisive factor,
But against this background,
the Dollar will significantly lose.
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USDCNH BIG SL SMALL TPHI, TRADERS
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YOU CAN CLOSE YOUR TRADE ANYTIME AFTER YOU SEE PROFIT.
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USDCNH. What to expect in this global crisis?Hello dear subscribers!
China is rejoicing!
No new cases of coronavirus infection have been reported.
This means that China is opening its provinces,
the process of production and trade is getting better,
the Chinese yuan is growing,
but in America the opposite is the case,
the number of infected people is increasing every day by hundreds or thousands of people,
another factor that favorably affects the Asian market is cheap oil,
now the price per barrel is 21.80,
such an outcome is not beneficial for the Americans.
Everything will be decided only when the countries included in the OPEC + alliance resolve the economic collapse.
Good luck, do not get coronavirus!
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USDCNH could drop below 7 to complete correctionIt looks like we can see this pair revisiting sub-7 area to hit the downside of the channel around 6.82.
U.S. DOLLAR / CHINESE YUAN (USDCNH) DailyDates in the future with the greatest probability for a price high or price low
U.S. DOLLAR / CHINESE YUAN (USDCNH) WeeklyDates in the future with the greatest probability for a price high or price low
USDCNH - small one on 15, for MondayIf there will be no major surprises, this one might work. Plan is to short it in red area with SL above previous highs and marked TPs.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
USDCNH. The resistance level will direct the price to the target
Hello dear subscribers!
The price of the Dollar has reached its peak now.
The Chinese economy will strengthen,
the panic in China over the coronavirus will stabilize,
so in this currency pair there will be just a decrease to 7.08000.
Good luck to you.
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Chinese yuan starting to fade.Dragon of the east as they say sparked the eye but fare tale can never be real.
Under the threat of global recession, US-China trade war, awakening young that don't believe in the gov's propaganda anymore, the yuan will eventually evaporate just like the collapse of the soviet union.
This is a short term trade but with very high risk reward & probability, will turn out to be a hell of a trade in a few months time.
USDCNH LONG TRADE USDCNH broke downtrend line ,based on key level and HVN around 7.03000
price formed pennant bullish pattern
price above SMA 100
RSI in uptrend line
MACD shows bearish momentum weakness
price forming DEEP CRAB harmonic pattern
so its expect bullish movement to supply zone around 7.17500
USDCNH. The Chinese Yuan will be strong until the price of oil rHello dear subscribers!
The dollar price will fall,
because it is beneficial for Asia to keep the oil price at a record low.
The price will reach its targets.
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USD/CNH bounced back from a critical support lineThe pair bounced back from a critical support line, sending it higher towards an uptrend resistance line. The United States and China were in another brawl following a tweet by US President Donald Trump. The COVID-19 became a platform for the two largest economies to continue their economic fight following the trade war. On his post on the social media platform, Trump referred to the deadly coronavirus as the “China virus”, which angered Beijing. Analysts see the action taken by the US president as a countermeasure on the negative sentiments surrounding the American economy. Since last week, indices are recording significant drops. The reason for the decline in the index was a combination of coronavirus and volatility in the global oil market. As the US publishes negative figures for critical reports, China is silent. The absence of public records from China is making investors worry about the overall health of the second-largest economy.
USDCNH - short planAnother one for shorting. Any peak in red area is worth shorting, at least to the TP1. It may surprise and jump up to 6.99 level, so not rushing in trades would be wise. I'm thinking to trade only from Tuesday London open to Thursday NY close, since Mondays and Fridays can be tricky (but are good for scalping).
Daily view:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
