USDCNH is to sell on Supply Zone cause we have also got triangleWe have 1. Supply Zone 2. Strong Resistance 3. Triangle FormationUShortby sohailnasirkalyarPublished 3
USDCNH A Great Buying OpportunityTrade Proposal: There is a probability of first tp to the proposed (7.13388) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals. Technical analysis: USDCNH Waiting for the Range Bound and the beginning of the Ascension Trend. TP1= 7.13388 TP2= 7.19428ULongby FXMHDHPublished 8
USDCNH BULL SCENARIOPossible bull rally on US dollar. Elliot wave count , target wave 3.ULongby SoftpipsPublished 114
The Chinese yuan notably strengthened against other currenciesLast week, the Chinese yuan notably strengthened against other major currencies in the forex market, especially against the beloved US dollar. However, the fluctuations in the risk sentiment in the global market is bound to boost the safe-haven appeal of the US dollar. The agonizingly prolonged tension between the United States and mainland China should help propel the US dollar to the Chinese yuan exchange rate’s prices towards their resistance level. Just recently, it was reported that Robert O/Brien, US President Trump’s national security adviser, compared Chinese President Xi Jinping to Josef Stalin, a known Soviet Dictator. The comment escalated the concerns for the trade deal between the two economic giants. The rather aggressive speech from O’Brien reportedly lambasted the Chinese leader. Trump’s national security adviser then added that the Chinese government wants to remake the world based on its image.Longby FinancebrokerPublished 6
UPDATE!! USDCNH near to a melting point? 🦐After our last call on this pair the market seem to carry on the down trend and now found a support area on the upper trend line. IF the market will break the trend line and consequently break the support structure at the resets we can look for a nice short order according to our strategy. For the one who enter in the trade at the previous signal they can keep their position and go risk free on the trade. ––––– 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 Plancton0618 strategy will trigger. Shortby InkyGripPublished 6
USDCNHHello dear traders. Here my idea to USDCNH. we will expect bullish continuation to 7.116 level. Traders, if you liked this idea or have your opinion on it, write in the comments.please like and subscribe to my profile. Good luck to you. This idea does not provide the financial advice.ULongby Smart_TraderSLPublished 5
USDCNH ANALYSISUSDCNH is based above key level at 7.0410 Price broke corrective downtrendline Pair is forming inverted Head & Shoulders pattern Price is based on HVN at level 7.0822 which indicates that pair is in accumulation phase MACD shows starting of bullish momentum RSI is in uptrend It's expected for coming bullish wave to target resistance level at 7.1980Longby MMFXSignalsPublished 22
USDCNH On Key Level! Trading Plan: USDCNH reached key daily structure support. touching the underlined level we see a bullish engulfing candle confirming the significance of this level. on 4H the price is currently forming a right shoulder of inverted head and shoulders pattern formation. 7.09 is its neckline. wait for a 4H bullish breakout of it and then buy on retest or aggressively (4H candle close above). the initial target will be - 7.125 if the market goes lower and closes below head level, setup will be invalid. ULongby VasilyTraderPublished 5556
USD/CNH LONG IDEA As we can noticed we have a beautiful head and shoulders pattern here i would really like to buy after breaking the neck line tp and SL are explained in the chart , best luck for all of you <3 ULongby flengawy92Updated 4
7.03 is tested. Target resistance: 7.1015/Jun/2020: Perfect test and respected at (7.03-7.04) level. Upper resistance: Level 1: (7.099 - 7.105), Level 2: (7.13 - 7.14).ULongby DocularPublished 3
USDCNH Long OpportunityUSDCNH Long after a test with the upward trendline. Stochastic oscillator indicator shows %K has moved above %D in the lower 20 band, indicating a long opportunity as the currency is currently oversold. Also above the 200 EMA which adds further confluences to the indication.ULongby harryshermanPublished 2
USDCNH Short AnalysisUSDCNH looking forward to short this pair Resistance Zone Strong rejection on the Resistance zoneShortby UnknownUnicorn3564920Published 3
The Chinese yuan slips slightly today against the US dollarThe Chinese yuan slips slightly today against the US dollar thanks to the threat of fresh tariffs from Washington. However, geopolitical tensions won’t stop the pair from reaching its support area in the coming sessions. The USD/CNH trading pair is widely projected to continue its fall as the US dollar loses steam. The trade war tension between the two of the globe’s biggest economies continues to rise. Just recently, the United States President Donald Trump was reported planning to sign legislation that will enforce crippling sanctions on Chinese officials involved in the oppression of other religious minorities in China, mainly Uighur Muslims. A source familiar with the matter told reporters about the news but has not yet given any details about the target date for the signing of the legislation. If this gets signed, the trade war between Beijing and Washington will escalate into the next level, potentially disrupting the USD/CNH exchange rate.Shortby FinancebrokerPublished 3
USDCNH SHORT TRADE #forexlifestyleW1 BlueZone D1/H4 BlueZone stophunt H4 StopLoss EntryZoneShortby UnknownUnicorn2398798Published 3
USDCNH, ShortOn the weekly time frame USDCNH had formed a double top pattern, on the completion of the double top pattern there was a confluence of horizontal and diagonal resistance. On the daily time frame the candlestick closed below the uptrend trend line which confirms a breakout and it can be expected that Monday's candlestick appears below the trend line which now acts as resistance level. Uby Linda_MbathaPublished 115
USDCNH Broke the support 🦐Hello traders, After a nice bullrun, the price hit on huge resistance (see our previous idea) . The price retested even the dynamic resistance and broke the recent support. We will wait another retest and according to According to Plancton strategy, we can set a nice order ––––– 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 Plancton0618 strategy will trigger.Shortby InkyGripPublished 2
USDCHNSELL AT THE BREAK OF EXTREME OF WAVE B. TO THE TWO TP AREAS PS. BEST THANK YOU IS TO SHARE WITH FRIENDS.UShortby gwinfxPublished 6
USDCNH sellsTechnicals: Bearish gartley Price at resistance Possible downside breakout to uptrend and retracementUShortby ForexTutorialsSGPublished 226