Downloading...
Download

CNH

JPY/CNH: SYMMETRICAL TRIANGLE BROKE-OUT Hello traders! As you can see from the chart above, JPY/CNH just broke out! I think that the price will continue to go down for two reasons: - MACD LINE crossed SIGNAL LINE -> STRONG BEARISH MOMENTUM (it’s getting stronger) - RSI is not OVERSOLD yet so there is a good range for the price to continue its downhill Go short until the TARGET (dotted line) and remember to put a stop loss in order to secure your capital! Not a financial advice. Enjoy your trade!
Short
by vf_investment
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.
Short
by InkyGrip
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.
Long
by VasilyTrader
5
USDCNH hit an extreme resistance 🦐The market has been very choppy lately and nervous. Fundamental situation between China and US didnt helo the trend. Now the market hit the extremely strong weekkly chart resistance and just broke the daily trendline to the downside. IF the market will manage to break the structure we can look for a short position according to our rule. ––––– 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.
Short
by InkyGrip
ridethepig | NZDCNH Market Commentary 2020.03.01NZD is moving as collateral with AUD, those following the previous AUDCNH idea will know this is no less imaginative. New Zealand is exposed to a short-circuit in Chinese supply chains leaving it vulnerable to a slowdown in China via coronavirus. On the monetary side, RBNZ has been notably quiet around the impact from the virus. The CB will not be able to hide from the slowdown for too long, exports are already being hit, tourism, commodities and consumer confidence! As is the case with AUDCNH: The range we are trading in NZDCNH is clearly defined; 4.7 - 4.05 and this trend has held since 2015. The flip is being broken and a breakdown looks imminent. Given the risk environment, I recommend trading towards support at the 4.05 lows and selling rallies going forward. Thanks as usual for keeping the likes coming on the CNH crosses ... an entire dissection of CNH and the impact from PBOC intervention. Jump into the comments with your charts and views!
Short
by ridethepig
ridethepig | Flash Crash In Play For AUDCNH !!A major breakdown ahead of the open as markets catch up to the virus disruptions. AUD and global trade are set to suffer for sometime, it will take a brave man to step against this flow. On the monetary side, RBA tee'd up a rate cut in April with another in Q3 on the cards. Housing has already done the heavy lifting, will need A LOT more help from elsewhere to create a positive outlook in the near-term for AUD. PBOC in a 'whatever it takes' moment with the printer starting to overheat. On the technicals, the doldrum 4.7-4.9 range remained intact throughout 2019. Since the new decade we have broken the lower end in the range via coronavirus trigger, a screaming warning for what is cooking globally. We are sitting at key support 4.5 which needs to hold otherwise we have a flash crash in play towards 4.3 - 4.25. Unless buyers step in quickly we are set to lose support on panic. Continue to sell weakness if we lose support. For those tracking USDCNH : For those tracking EURCNH : Lastly, for those tracking Chinese Equities : Best of luck all those in CNH, risks come from further PBOC intervention although looks like they ran out of time! Thanks all for keeping the likes, comments and charts coming!
Short
by ridethepig
1
ridethepig | EURCNH Market Commentary 2020.03.01Here we go for a round of important chart update on the FX, Commodity and Equity board... I do not subscribe to the idea of this being the start of the euro reserve currency rally which we were tracking earlier in the year that failed from the Coronavirus short-circuit, although it is certainly moving with speed. Remember we have month end flows in play now too and to put the 🍒 on top the virus still not under control. I am expecting further downside in euro as the outbreak continues to delay the recovery in trade for Europe, now it is crystal clear if it wasn't already that the EUR really holds the key to pandora's box for those wanting to play the reflationary trade. This has been delayed till later in 2020 via the deflationary shock from COVID-19. Tracking 1.05xx-1.04xx in EURUSD. On the CNH side, the PBOC intervention is notable: Advise selling rallies in Chinese Equities for now, the demand for currency will increase as long as the virus shows no signs of abating. I expect this cross to grind towards the 7.40 levels where it would be very attractive for those mid and long-term macro players to buy the dip into 2021. On the technical side, Strong resistance is found at 7.73 / 7.75, use this to sell into and target the support at 7.40 / 7.38. Thanks as usual for keeping your support coming with likes, comments, charts and etc!
Short
by ridethepig