USD/CNH bounced back from a critical support lineThe pair bounced back from a critical support line, sending it higher towards an uptrend resistance line. The United States and China were in another brawl following a tweet by US President Donald Trump. The COVID-19 became a platform for the two largest economies to continue their economic fight following the trade war. On his post on the social media platform, Trump referred to the deadly coronavirus as the “China virus”, which angered Beijing. Analysts see the action taken by the US president as a countermeasure on the negative sentiments surrounding the American economy. Since last week, indices are recording significant drops. The reason for the decline in the index was a combination of coronavirus and volatility in the global oil market. As the US publishes negative figures for critical reports, China is silent. The absence of public records from China is making investors worry about the overall health of the second-largest economy.Longby Financebroker6
(EP #61) Kelvin Trade Ideas - USDCNH Bat Pattern 2020-03-12A bearish bat pattern is spotted in four hour chart, it provides a potential reversal level from 7.02140 to 7.00360. Because the market just create a new lower point, now it is in a callback situation, so this selling opportunity is a follow-trend trade. I will wait for the market to give me a confirmation signal, then decide should I short this market. Please follow me if you want to know my trade ideas!Shortby KelvinShamKaiMan114
USDCNH - short planAnother one for shorting. Any peak in red area is worth shorting, at least to the TP1. It may surprise and jump up to 6.99 level, so not rushing in trades would be wise. I'm thinking to trade only from Tuesday London open to Thursday NY close, since Mondays and Fridays can be tricky (but are good for scalping). Daily view: Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)Shortby rludvikUpdated 224
USDCNH buysFundamentals: Demand for CNH may further decrease due to the outbreak. Easing measures may be undertaken by PBOC to further depress CNH. Technicals: D1 bullish gartley, support being metLongby ForexTutorialsSGUpdated 114
soon major upside on usd/cnh right now we are getting buys on the 7 hour time frame as the stochrsi momentum turn bullish Longby Forex_Classifieds112
Breakout channelBreakout support look for short. Channel just breakout trend could be continue down.Shortby Mingnhut_SoiDenFX1
USDCNHOverall a bearish trend, We have a break of structure and selling off the retest to our previous low. Shortby VERTEX_INVESTING114
USDCNH-Timely play on both long/short marketThe USD weakenss can be further echoed against the China RMB, we believe that the dollar against Yuan will be rangebound with the strength tilted to the bearish side. by William-trading4
(EP #51) Kelvin Trade Ideas - USDCNH Bat Pattern 2020-03-02The market breaks above the bearish channel in the daily chart. A bullish bat pattern is almost complete in four hour chart, it provides a potential reversal level from 6.97140 to 6.96480. I will wait for the market gives me a confirmation signal which is near the potential reversal level, then I will decide should I long this market. Please follow me if you want to know my trade ideas. Longby KelvinShamKaiMan114
USDCNHMULTI TIME-FRAME ANALYSIS DONE. TRADE SHOULD ONLY BE TAKEN IF IT FITS YOUR IDEA OR PLAN. TRADE SMART. Shortby Billion_Pips114
USD/CNH Trading Plan BUY - Riks Reward 1:4 - LongtermUSD/CNH Trading Plan BUY - Riks Reward 1:4 - LongtermLongby ekopurdanaUpdated 115
USDCNH - which one of ABCDE will we get here?Looking for one of the possible ABCDE moves here. On larger time frames I marked area where it would reach, if will turn south (see below). So let's go chasing some other pair and come back to this one later and see what will be plotted. Daily: 4h: Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)Shortby rludvik227
USDCNHWeekly chart we have an expanded falling wedge H1/H4 we have a bullish wedge Breakout and we may see some descent buys up thereLongby Edwine_Okothi113
USDCNH, 1D USDCNH, 1D Entering Channel (Upper Bound: Parallel Channel , Lower Bound: Parallel Channel) shortShortby almashwaly113
USDCNH Bullish Wedge with Long SetupThe Bullish Falling Wedge in the USDCNH pair has broken upwards, but in the overbought Long Signal. Therefore, in order not to forget, I think the stop level should be kept a little wide. Coronavirus is among the conditions that adversely affect the currency. I hope this situation is taken in the name of control without further threatening the health of people. This analysis may be more risk-free under the following parameters: Risk/Reward Ratio : 1.32 Position Size < %1 Stop-Loss : 6.93151 Goal : 7.0551 Regards.Longby NoldoUpdated 1111