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USDCNH

BTC; The long term view, looking for price drivers and ChinaThere are links between bitcoin and Chinese capital outflows and the control thereof and currency relations / controls of Chinese currency. The relationship is highlighted with the comparison of the prices of BTCUSD (light blue area ) and USDCNH ( Dark blue line ). This is useful in helping to form an idea of which direction the BTC may take. Currently there is a divergence in the price between BTC and USDCNH, which may point to a future weakening of bitcoin demand. Both the trends remain in a long term bull pattern as long as another higher high is made. Currently there is some divergence in the price between BTC and USDCNH, which may point to a future weakening of bitcoin demand or at least slowing of the momentum of this trend. I am watching to see if the USDCNH reverses its trend and the Chinese Yuan starts strengthening. If so I will become bearish on the bitcoin. Currently, because the Yuan is still moving upwards, respecting the brown/orange trendline and the bitcoin is also in a bull trend. However I will change my opinion to neutral if the Yuan ( blue ) breaks through the orange trend line . I will probably change to a bearish stance if the bitcoin follows suit and forms a lower low, past the $950 / $900 area.
BITSTAMP:BTCUSDLong
by Quadricolor
USCNH will move higher on capital flows out of ChinaMore and more economic data is showing that Chinese nationals are sending money abroad. Currency reserves are getting depleted and the Bank of China is allowing the CNY mid-point band to move lower. I see a long term move up significantly higher in USD versus CNH. But, Chinese interest rates are high making a carry differential that favors CNH. Probably will day trade this's over the course of many months versus one long position. seekingalpha.com
Long
by ByDHTaylor
All Eyes on the First Donald Trump and Xi Jinping Meeting TodayAll Eyes on the First Donald Trump and Xi Jinping Meeting Today Daily Technical Analysis Thursday, April 6, 2017 USDCNH - On the First Time, Donald Trump and Xi Jinping meets today. What do you expect for USDCNH market today? A further advance trend? The US economy has in good standing position after FOMC results. The US Initial Jobless claims report will be release today. Do you expect US Dollar may react on Donald Trump and Xi Jinping important meeting?
Long
by MarketChameleonFX
$BTC testing highs and why USDCNH mattersBitcoin highly correlates with Dollar pair volatility these days, these are signs the market has matured a lot. Which makes sense since the CFTC considers it a commodity these days as more CFTC approved derivatives are on the way. US largest trading partner is China, any market correlation done on any asset if you ask me starts with capital flow from those areas, Europe is a close second which is why you're seeing great coordination between central banks in these economies. I believe the breakout into ATH's on Bitcoin will go together with the continuation of the USD bull market. China is hugely Dollar hedged which is why PBoC will simply keep fixing CNY down to benefit off this.
BITSTAMP:BTCUSDLong
by W.D._Goon
USDCNH: Update - Time at mode uptrend signalIf this signal works, we'll have a great rally into resistance, which could lead to a top, and a sideways consolidation for some time in the 6.75-7 range. I think this would align with other markets showing similar mixed signals regarding equities and the dollar, or with bonds and gold chopping around but finding buyers in the daily oversold lows. Bitcoin also paints a similar picture, potentially consolidating for a good 1-3 months in this zone where it is now. Good luck, Ivan Labrie.
Long
by IvanLabrie
USDCNH: PBOC gave us a nice discount in BTC and USDCNHFollowing the PBOC's manipulation and the massive drop for two days, price is starting to slow down. I think we will see a bottom here shortly. If we don't hit 6.7696 before Monday's close, we can anticipate a turn here. After the week closes, we'll get more confirmation of the risks in BTC and USDCNH. It could take as long as 3 weeks to confirm upside is viable again, so let's keep close watch of this and don't miss the discount to enter the long side again. I'll update this one as needed. As a sidenote, it's interesting to see volatility increase in this pair, it tends to move very little compared to other FX dollar crosses. An increase in volatility and liquidity might make traders become interested in it, which would create more opportunities and potentially higher win rate signals with increased liquidity. Cheers, Ivan Labrie.
Long
by IvanLabrie
BTCCNY: Intraday viewBTCCNY's correction appears to have ended, at least for now. We need to determine if it'll hold here, or break lower before finally resuming the long term advance. I'll monitor price action to manage my position size accordingly. I'm currently long, after trimming down to 20% exposure before the PBOC news fueled 37% decline, and added 60% gradually, over 3 days. Keep an eye on RgMov and volume and ATR here, for now, things are quiet, but this won't last. I expect to see a retest of 7498.90 in the short term, but what happens after that is yet to be seen, so, I'll look to reduce my long exposure back to 20% once we hit this target, or at least place a trailing stop loss, to reduce risk on part of my position. Remember to always hold 15-30% that you never sell, spot, no leverage, and no stop loss. Cheers, Ivan Labrie.
BLong
by IvanLabrie
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