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USDCNH trade ideas

USDCNH Trade Signal: Sell RecommendationTraders, We have a new signal for the USDCNH pair with the following details: Direction: Sell Enter Price: 7.1161 Take Profit: 7.11033 Stop Loss: 7.12734 Rationale: This recommendation is based on our advanced analysis using the EASY Quantum Ai strategy. Several key factors have influenced our prediction: 1. Market Sentiment: Current market sentiment indicators suggest a bearish trend for the USDCNH pair. 2. Technical Analysis: Technical indicators such as moving averages and RSI (Relative Strength Index) are pointing towards a downward movement. 3. Economic Factors: Recent economic data and announcements related to both the US and Chinese economies have contributed to a weaker outlook for the USD against the CNY. 4. Recent Price Action: Observations in recent price action patterns also indicate potential for downside movement within the defined price range. Please manage your risk accordingly and stick to the defined Stop Loss and Take Profit levels to optimize your trading strategy. Trade safely, EASY Quantum Ai Team
Short
by ForexRobotEasy
Trade Signal for USDCNHDirection: Sell Enter Price: 7.1185 Take Profit: 7.10619333 Stop Loss: 7.13070333 We are issuing a Sell signal for the USDCNH currency pair. This decision is based on several critical factors analyzed by the EASY Quantum Ai strategy. 1. Technical Analysis: Recent chart patterns and indicators suggest a bearish momentum. Price action analysis shows a strong resistance near the 7.13070333 mark, facilitating a potential downturn. 2. Economic Data: Recent economic reports from the US and China indicate a strengthening of the Chinese Yuan. This strengthens the argument for selling USDCNH, as traders anticipate a shift in correcting overvaluation. 3. Market Sentiment: The current market sentiment appears to be risk-averse, which traditionally strengthens safer currencies like the Yuan over the US Dollar. 4. Algorithmic Forecasting: Our proprietary EASY Quantum Ai algorithm has signaled a high probability for a downward correction, aligning with other technical and fundamental factors. Trade setup: - Enter Price: 7.1185 - Take Profit: 7.10619333 ensures an optimized exit point based on expected downward momentum. - Stop Loss: 7.13070333 safeguards against unpredicted volatility. This configuration provides a balanced risk-reward ratio, making it a favorable setup for traders following our EASY Quantum Ai strategy. Happy Trading!
Short
by ForexRobotEasy
1
China loses strength against the US with Trump (USDCNH)Today, Monday, the Asian market started lower against the US dollar following Donald Trump's shooting over the weekend. The Japanese "Ocean Day" holiday celebrated on the third Monday of July, which is very important for the Japanese country, has led to moderate trading volumes without the Japanese market active. The Yen weakened slightly and on the alert of possible interventions by the Bank of Japan governor. Friday's close spurred Asian currencies to advance against the dollar on optimism of interest rate cuts by the Fed, but today the market turned around with weak Chinese GDP data causing the Yuan to lose strength. The Trump assassination attempt has encouraged a return to safe havens causing the Dollar Index to move positive with the current price at 104.087. The chart appears to be partially replicating the movement of the USDCNH, throughout the month, with a correlation very close to 1. As for the USDCNH cross, if we look at the chart the dollar has been gaining strength since the July 1st releases until this Friday. Since the Asian opening the dollar has created a gap down opening giving strength to the renminbi, currently holding at 7.2737 yuan per dollar. The current high zone is around 7.3106 with a low zone of 7.2570. The area through which the price has resisted falling the most is 7.2488, very close to the current checkpoint (POC) of 7.2572. The current RSI is in the mid 50.73% zone so there does not appear to be excessive volatility. If Trump's political move continues to gain strength we will see a dollar that will seemingly continue to gain strength seeing the effect of the political attack. So it would not be unusual to see an escalation of dollar power over the yuan from the US election. Ion Jauregui – ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Long
by ActivTrades
Trading Signal Alert: USDCNHAttention traders, We have identified a buy opportunity for the currency pair USDCNH. Below are the trade details: Direction: Buy Enter Price: 7.27102 Take Profit: 7.27906667 Stop Loss: 7.26220667 This analysis is based on the EASY Quantum Ai strategy . The following factors contribute to this buy recommendation: 1. Momentum Indicator: Recent momentum indicators show an upward trend, suggesting strong bullish sentiment. 2. Support and Resistance Levels: Our analysis identified a strong support level close to the enter price, increasing the probability of an upward movement. 3. Market Sentiment: Market sentiment and trading volumes indicate a preference for buying within this price range. 4. Economic Data: Recent positive economic data from the U.S. compared to relatively stagnant data from China supports a stronger USD against the CNH. Please, always apply proper risk management, and be mindful that no trading strategy guarantees success. Happy trading!
Long
by ForexRobotEasy
1
Shorting USDCNH: Seizing the Opportunity Amidst Long Position...🚨 Shorting USDCNH: Seizing the Opportunity Amidst Long Position Surge 🚨 In this video, I explain why I'm shorting USDCNH due to a significant return of large long positions that we haven't seen in a long time. The 60-day bullish run seems to be over, and we're anticipating a potential drop. Key points covered: Analysis of the surge in long positions and its implications Why the recent 60-day bullish trend is likely ending Insights into the expected drop and its potential speed Strategic approach to shorting USDCNH in this unique market scenario While no one, including myself, can predict exactly how long this drop will last, I believe it will be quick. Join me as I break down the current market dynamics and share my strategy for capitalizing on this potential drop. Don't forget to like, comment, and subscribe for more trading insights and expert analysis. Let's navigate this market opportunity together! 🚀💹 And remember to hit the Boost Button on this video to support our Trading View community! Disclaimer: Forex trading involves significant risk and is not suitable for every investor. Carefully consider your financial situation and risk tolerance before entering any trade. Always perform your own research and seek advice from a licensed financial advisor if needed.
Short
by TruthakaWallStreetakaCookie
Just a quick note on the outlook for Chinese yuan futures...Exploring the "Condor" : A Look at the Chinese Yuan Futures In the realm of option trading, the term "Condor" refers not to a bird of prey, but to an intricate options strategy known for its non-directional nature. This strategy, aptly named after the wide-winged condor, involves positioning four options at once, aiming to profit from low volatility in the underlying asset. The essence of the Condor strategy lies in its ability to limit both gains and losses, creating a balanced risk-reward scenario for traders who anticipate movement and price consolidation before expiration date in certain market range. Recently, a significant portfolio was recorded on the CME exchange, with an expiration date set for October 4, 2024. This portfolio is noteworthy not only for its size but also for the expectations of its owner. The belief is that the price of the Chinese yuan futures will hover between 7.25 and 7.45, a range. The implications of this portfolio are manifold. For one, it reflects a sentiment that could influence other traders' strategies and market expectations. Additionally, it highlights the importance of understanding options strategies like the Condor, which can be pivotal in navigating the Forex market, especially when dealing with currencies like the Chinese yuan. As we look ahead, we will undoubtedly keep a close eye on this portfolio, analyzing its performance from the yuan's impact. Forex Traders might (better say "should") consider this a bellwether for future movements, making it a focal point for those looking to gauge market sentiment.
Long
by ClashChartsTeam
USD/CNH: BofA’s Caution, JPM’s WarningsUSD/CNH: BofA’s Caution, JPM’s Warnings Bank of America (BofA) has expressed caution about betting against the US dollar in the face of recent improvements in sentiment towards China's economic policy stimulus. Recent policy actions by China have sparked optimism, leading to a weakening of the USD. However, BofA advises against making hasty financial moves based on these developments alone. BofA believes that the effectiveness of Chinese Economic policies in stimulating significant new economic activity remains uncertain. Investors are encouraged to wait for more definitive signs of a sustained recovery in China's credit and property sectors before making significant currency moves. Just last month, BofA expressed a bearish outlook on several Asian currencies, including the Chinese yuan, South Korean won, Taiwan dollar, Thai baht, and Vietnamese dong. BofA anticipated sustained depreciation pressures on the yuan into the second half of the year due to several factors particularly due to the delayed easing by the Federal Reserve. On the other side, Jamie Dimon, the CEO of JPMorgan Chase, has been continuing his warnings at the JPMorgan Global China Summit in Shanghai. Dimon suggested that the chance of stagflation in the US—a period of stagnant economic growth combined with high inflation—is higher than most people think. Last week, he did not rule out the possibility of a hard landing for the US economy.
by BlackBull_Markets
What To Watch Across Markets This Week: 6th May 2024- The U.S. Dollar Index witnesses 1% decline - RBA expected to maintain rates for longer - BOE likelihood of rate cuts rises - Release of key inflation indicators in China: CPI and PPI Last Week's Major Events Last week, the U.S. Dollar witnessed a decline of approximately 1%. The move came as a result of multiple factors explained below. On Wednesday, May 1, the Federal Reserve decided to maintain interest rates at 5.50%. This was followed by the FOMC Press Conference, during which Fed Chair Jerome Powell mentioned the central bank's cautious stance on interest rate cuts. Powell emphasized the importance of gaining greater confidence that inflation is moving sustainably towards the 2% mark before considering any adjustments to monetary policy. Moreover, the pivotal role of key U.S. economic metrics in shaping the Fed’s future interest rate path was highlighted. On Friday, markets saw the release of major U.S. labor data, including the Non-farm Employment Change (NFP) and the Unemployment Rate. The NFP figure fell short of expectations, with a result of 175K jobs added, marking the lowest figure since December 8, 2023, against a forecast of 238K. This drop signaled weakness in employment growth. At the same time, the unemployment rate figure surpassed expectations hitting 3.9% compared to the projected 3.8%, indicating a higher-than-anticipated proportion of unemployed individuals. The combined impact of these developments on market sentiment weighed heavily on the U.S. Dollar, contributing to its recent decline. Upcoming Major Events Reserve Bank of Australia Cash Rate The Reserve Bank of Australia (RBA) is scheduled to release its Cash Rate on Tuesday, May 7, 2024, at 8:30 AM (Dubai Time). The market anticipates the rate to remain unchanged at 4.35%. If the reading aligns with forecasts, this will mark the fifth consecutive period of maintaining the rate at this level, representing its highest point. The RBA is expected to hold its key interest rate at this level to manage inflationary pressures, which are driven by a rise in employment conditions. Bank of England Official Bank Rate The Bank of England (BOE) is scheduled to release its Official Bank rate on Thursday, May 9, 2024, at 3:00 PM (Dubai Time). The market anticipates the rate to remain at 5.25%, a level maintained since November 2, 2023. Governor Andrew Bailey emphasized that price pressures are heading in a favorable direction. Notably, the Consumer Price Index (CPI) declined from 3.4% in March to 3.2% in April, with expectations of further declines. This raises expectations of rate cuts in the coming months, with September emerging as a probable starting point. China Inflation On Saturday, May 25, markets are expecting the release of major inflation figures in China, such as the Consumer Price Index (CPI) and the Producer Price Index (PPI) at 5:30 AM (Dubai Time). China’s CPI is projected to hold steady at 0.1%, indicating a concerning difference from the desired 2% target level. While PPI is expected to rise from -2.8% to -2.3%, signaling a positive trend. This increase suggests that producers are currently facing higher costs, potentially predicting future price hikes for consumers. Such a scenario could translate into a rise in the next CPI reading. The content published above has been prepared by CFI for informational purposes only and should not be considered as investment advice. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell. The information provided does not have regard to the specific investment objectives, financial situation, and needs of any specific person who may receive it, and is not held out as independent investment research and may have been acted upon by persons connected with CFI. Market data is derived from independent sources believed to be reliable, however, CFI makes no guarantee of its accuracy or completeness, and accepts no responsibility for any consequence of its use by recipients.
by CFI
1
Technical Analysis of USD/CNHAs we delve into the technical landscape of USD/CNH, it's imperative to highlight several key indicators, patterns, and price actions that provide a comprehensive view of the currency pair's current and potential future movements. The latest candlestick formations reveal a pronounced fluctuation with a minor upward bias, closing at 7.23310 CNH. This aligns with the Ichimoku cloud analysis, indicating potential volatility ahead. Notably, the Tenkan-sen (Conversion Line) stands at 7.224270, reflecting short-term price averages, while the Kijun-sen (Base Line) at the same value suggests equilibrium in market sentiment. The Ichimoku Cloud, a multi-faceted indicator, is currently demonstrating a slight bearish tendency with the price action hovering around the cloud's upper boundary. The Senkou Span A (Leading Span A) and Senkou Span B (Leading Span B) form a cloud indicating future resistance levels. Should the price sustain above this cloud, a bullish breakout could be anticipated, potentially targeting the 7.2500 - 7.2600 range. Relative Strength Index (RSI): Positioned at 48.96, RSI suggests a neutral momentum, neither overbought nor oversold. Stochastic Oscillator: With %K at 57.38, it shows mid-level momentum, implying consolidation. MACD (Moving Average Convergence Divergence): The MACD level at -0.005428 reflects slight bearish momentum, signaling potential short-term correction. Moving Averages Short-term (10 periods): Both Exponential and Simple Moving Averages (EMA and SMA) suggest a 'Buy' at values around 7.2284 and 7.2281 respectively. Mid-term (20, 30, 50 periods): Display a bearish sentiment with Sell signals across EMA and SMA, indicating a resistance around 7.2346 to 7.2418. Long-term (100, 200 periods): Indicate a bullish outlook with Buy signals, suggesting strong support at approximately 7.2225 to 7.2100. Primary Pivot (P): Positioned at 7.255817, it serves as a central reference point. Support Levels: S1: 7.228703 S2: 7.203987 S3: 7.152157 Resistance Levels: R1: 7.280533 R2: 7.307647 R3: 7.359477 Given the current technical indicators and market sentiment, the following trade strategies are recommended: Long Position Entry Point: Above 7.2400 Target: 7.2600 - 7.2750 Stop Loss: 7.2200 Rationale: Enter a long position if the price breaks above the Ichimoku cloud, confirming a bullish trend continuation. Short Position Entry Point: Below 7.2200 Target: 7.2000 - 7.1850 Stop Loss: 7.2350 Rationale: Consider shorting if the price dips below the Tenkan-sen (Conversion Line), indicating a bearish trend reversal. In conclusion, USD/CNH is currently at a pivotal point with indicators showing mixed signals. Traders should closely monitor price movements around the Ichimoku cloud and the identified support and resistance levels. A breakout above 7.2400 may signal a bullish trend, while a drop below 7.2200 could lead to bearish momentum. Stay vigilant for news that could impact market sentiment and adjust your positions accordingly.
by AxiomEx
Time for a new war conflict ? Hello! I think this rally on USDCNH is going to be incredible. We must wait for a confirmation 1D candle close above the level. I think the main target will be at 8.00. 8 is a lucky number in the East. Be patient, and protect your deposit. Unfortunately, there has been a regularity for the last 3 years that new highs in currencies are connected with a war or conflict that appears after the market changes its structure. (USDUAH, USDRUB, USDILS) I really hope that this time is different....
Long
by ego1smo
Divergence here, divergence thereFundamentals & Sentiment USD: The sentiment has been bullish for a while as US CPI remains sticky. As the dollar gained strength. However, it became overpopulated with buyers, as evident from CFTC reports. So, it should take some trigger for those buyers to start covering their longs - a good potential for dollar downside. The CESI differential for USDCNH has been forming a decent divergence since February. CNH: The economic data came out pretty mixed this morning. It seems the market focused more on slacking Industrial Production YoY and Retail Sales YoY as ChinaA50 closed the session with a sharp recovery, viewing the miss in data as another reason for stimulus from PBoC. Technical & Other - According to seasonals DXY should stay flat for the next 3 weeks Setup: S(RTF) Setup timeframe: 4h Trigger: 15m Medium-term: Sideways Long-term: Uptrend Min target: range boundary Risk: 0.14% (0.5R<) Entry: Market
Short
by Cherry94
5
Dollar-yuan could continue up but breakout questionableUSDCNH covered about half of last Friday’s spike on Monday and has continued to gain since. Volatility increased significantly since the end of last week, but it’s still unclear whether it’ll continue at similar levels or perhaps decline somewhat over the next few sessions. Either way, the uptrend is likely to remain active unless there’s a significant intervention by the PBoC or sentiment shifts notably. The price is above all of the moving averages and in or very close to overbought based on Bollinger Bands and the slow stochastic. ¥7.30 seems to be an obvious medium-term target, being a round number and the area of mid-November 2023’s high. Beyond that, ¥7.35 is the area of the all-time high which probably won’t be broken for some time without a clear fundamental catalyst even if the uptrend continues. There’s no very clear area of static support on this chart. ¥7.20 is a possibility based on the longest tails of last month’s periods, but it’s pretty vague. The 200 SMA might be an important dynamic support in the next few days, though. The focus next week is on Friday’s NFP after Chinese PMIs on Sunday and Monday. This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness