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OFFSHORE CHINESE YUAN / U.S. DOLLAR

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CNHUSD trade ideas

USD/CNH Triangle Apex Nears, Will Prices Break Higher or Lower? The Chinese Yuan's volatility versus the US Dollar has eased considerably in recent months compared to price action seen earlier this year. USD/CNH is quickly approaching the apex of a Symmetrical Triangle pattern, however. This may see the currency pair make a break higher or lower in the coming weeks. Technically speaking, the triangle doesn't show bias to either side and prices are gyrating around the 100-day SMA. However, fundamentally, the Yuan's position versus the Greenback doesn't offer a strong picture given the prevailing housing market headwinds in China.
by Thomaswestw
Yuan will devalue soon, US dollar $DXY will soar!Republishing this from my USDCNY post. 1. Head and Shoulders pattern 2. MA's + PA show a bottoming pattern 3. China will devalue the Yuan (Remnimbi) 4. Dollar $DXY will go over 106 5. Gold $XAUUSD will go below $1,500 oz. 6. Silvere $XAGUSD will go below $15 oz. Trade idea related to this currency pair that goes through other macro factors twitter.com 10, 20, 30 year yields mirror this PA - and show USD will be going up as yields are starting to. When China devalues the Yuan, the FED will be helpless to push it down unless they go all in on YCC via UBI. Then you'll want to pivot into $XAUUSD or $XAGUSD.
Long
by EmptyEternity
USDCNH OANDA🌟this pair is traded for a long term situation with a high R/R value (the R/R stays the same) 🌟in this ascending channel you can see the reversed H&S formation (or the 3 buddha or 3 rivers in Japanese trading) which is an indicator for a bullish bias and its marked with faint yellow highlight 🌟you can observe a blood waterfall (marked with red highlight) which is abnormal in the market and distracts the EMA statistics and for balancing this situation a green mountain needs to recover this bleed of the market from the top to the bottom of the channel (both waterfall and mountain phrases are visionary and not official formats) 🌟this position has a 3510 pips rewards aside a high cost stop loss so manage your leverage properly Risk warning, disclaimer: all of the following signals/ideas are subjective and based on market judgement of our team's technical and fundamental analysis , we hope traders consider this and always check it with your own strategy, if you don't have any we can help you form one ---------------------------------------------------------------------------------------------------------------- If you want to see more and more from these 💎 free signals: 🙏 Help us grow then Each individual support counts 🙏 Tell us what do you like to know about the market and how do you see the forecasts Share us your opinion ---------------------------------------------------------------------------------------------------------------- 👉This idea has the confirmation of "advanced price action" 👍 👉Follow us and invite your friends too, this way we can share ideas and signal to anyone we care 👍 👉Hit share and spread the information in public chats or your twitter for everybody to get profit 👍 👉Tell us what's important for you in the market or what asset makes a difference in your investment basket 👍 📝Did you know money management and risk management are as important as your entry and exit point of a chart? 💰Plan a Trade before a Trade💰 💸Develop a strategy before you enter position your strategy have to be a combination of money management + risk management + time management and profit management (the famous MRTP method made exclusively by our team💎) Trade well ❤️
Long
by the-crypto-analyzer
Cataclysms are brewing in the global stock markets. China.All because of the situation with one of the largest developers in China - China Evergrande Group, which found itself on the verge of default (debt size ~ $ 300 billion). The possible bankruptcy of the company will hurt not only the Chinese economy (remember Lehman Brothers). Deposits in Chinese banks are about to $35 trillion, which is twice the size of the United States. Chinese financial crisis will lead to unforeseen circumstances and will affect all world markets. Industrial production has negative rates in China. Now it is near the lowest level since the global financial crisis. The devaluation of the yuan seems inevitable. Best regards EXCAVO
Long
by EXCAVO
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