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US Dollar/Chinese Yuan

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USDCNH 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.
Short
by eddy121384
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! If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
Short
by UnknownUnicorn6402893
1
(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). Please follow me if you want to know my trade ideas!
Long
by KelvinShamKaiMan