Descending Triangle Wait for break out and retest of about 61.8% fib retracement then enter sell. GL
CNHUSD trade ideas
20200331 Short USDCNHChinese March PMI data beat expectation. Manufacturing PMI jumped from 35.7 in Feb to 52 in Mar. (Exp. 44.8) while Non- manufacturing PMI jumped from 29.6 in Feb. to 52.3 in Mar. (Exp. 42). Data shows that the economy has been stabilized since the outbreak of the virus. Now might be stronger comparing to the U.S. Technically, USDCNH is still above 7, and relatively high comparing to recent highs. Daily MACD is currently downward sloping, stochastic also passed overbought zone, might be a chance to sell USDCNH.
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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This idea does not provide the financial advice.
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.
(EP #69) Kelvin Trade Ideas - USDCNH Bat Pattern 2020-03-26The market is in a sideways trend in one hour chart. Also, a bullish bat pattern is almost complete, it provides a potential reversal level from 7.07250 to 7.06850. I am waiting for the market give me the confirmation signals which are near the potential reversal level, then I will decide should I long the market. I will have a beautiful stop loss level because we can see a clear support level (~7.0640).
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USDCHN Long Set-up USDCHN 3-hrly, looking bullish -there is a 'failed to return to demand' ftr that happened there ( from RBD), -most likely a wave 5 to be completed for the Wolfe.
*Wave 5 Wolve I call it a lagging Wave, you will either catch it completed or incomplete :(
Bullish interests, some attention to R - for resistance.
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 2020.03.24As China ’s epidemic eases, production resumes, and the economy begins to recover. Coupled with the Federal Reserve ’s unprecedented monetary policy and fiscal stimulus, the liquidity of the US dollar has gradually eased, and the yuan will eventually appreciate.
USDCHNThis looks like an amazing opportunity for a sell. Price has broken out of the cloud, lagging span has also broken out of the cloud and it has broken my previous Higher Low. Lets see where this pair takes us
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 ;)
Short USDCNHA weekly bat pattern is found.
For a higher chance to be profitable, wait for the daily harami structure to breakout downwards.
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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This idea does not provide the financial advice.
Breakout Trade – Long USDCNHA simple systematic breakout strategy designed to capture short-term momentum.
Buy Stop: 7.1772 Stop Loss: 7.1568 Take Profit 7.2962
Orders good til’ 21:00 GMT+0
If Take Profit has not triggerred then close open trade at 21:00 GMT+0
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
