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US Dollar/Chinese Yuan

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USDCNH trade ideas

USDCNH on a bear flag 🦐USDCNH after the break below the daily structure tested the 6.55000 area. The price after a false breakout retested the resistance area inside a minor channel. IF the market will break and close below the support structure we can set a nice short order according to Plancton's strategy. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. 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 the Plancton0618 strategy will trigger. Leave a comment that is helpful or encouraging. Let's master the markets together
Short
by InkyGrip
8
USDCNH Bear TrendIt's been a while since I checked on this one, USDCNH is bearish towards 6.5444. Attention to entry is required for a bullish rejection, because 6.5800 is not clear at this time. Bearish interests, UC, -2hrly with caution. *Thank you, happy trading and all the best. At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
Short
by Khiwe
USDCNH D1The US dollar, in anticipation of the presidential elections in the country, has weakened strongly against many world currencies. The Chinese yuan is no exception. Moreover, it was against the Chinese currency that the dollar made one of the strongest devolutions. The exchange rate of these currency pairs is one of the main indicators of the world economy. Because these are the first two economies in the world. Also, the fall in the dollar was influenced by the unstable situation in the country associated with massive protests and huge outbreaks of the Corono virus. America has had some of the highest disease rates. But after the elections, the situation began to stabilize little by little. And the dollar rate began remission. Also, the strengthening of the dollar may be affected by the future stay of OPEC. On which, according to expectations, oil production may continue to decline.
Long
by StrongBull777