USDCNH trade ideas
USDCNH 2020.03.24As China ’s epidemic eases, production resumes, and the economy begins to recover. Coupled with the Federal Reserve ’s unprecedented monetary policy and fiscal stimulus, the liquidity of the US dollar has gradually eased, and the yuan will eventually appreciate.
USDCHNThis looks like an amazing opportunity for a sell. Price has broken out of the cloud, lagging span has also broken out of the cloud and it has broken my previous Higher Low. Lets see where this pair takes us
USDCNH - small one on 15, for MondayIf there will be no major surprises, this one might work. Plan is to short it in red area with SL above previous highs and marked TPs.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Short USDCNHA weekly bat pattern is found.
For a higher chance to be profitable, wait for the daily harami structure to breakout downwards.
USDCNH. The resistance level will direct the price to the target
Hello dear subscribers!
The price of the Dollar has reached its peak now.
The Chinese economy will strengthen,
the panic in China over the coronavirus will stabilize,
so in this currency pair there will be just a decrease to 7.08000.
Good luck to you.
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This idea does not provide the financial advice.
Breakout Trade – Long USDCNHA simple systematic breakout strategy designed to capture short-term momentum.
Buy Stop: 7.1772 Stop Loss: 7.1568 Take Profit 7.2962
Orders good til’ 21:00 GMT+0
If Take Profit has not triggerred then close open trade at 21:00 GMT+0
Chinese yuan starting to fade.Dragon of the east as they say sparked the eye but fare tale can never be real.
Under the threat of global recession, US-China trade war, awakening young that don't believe in the gov's propaganda anymore, the yuan will eventually evaporate just like the collapse of the soviet union.
This is a short term trade but with very high risk reward & probability, will turn out to be a hell of a trade in a few months time.
USDCNH LONG TRADE USDCNH broke downtrend line ,based on key level and HVN around 7.03000
price formed pennant bullish pattern
price above SMA 100
RSI in uptrend line
MACD shows bearish momentum weakness
price forming DEEP CRAB harmonic pattern
so its expect bullish movement to supply zone around 7.17500
USDCNH. The Chinese Yuan will be strong until the price of oil rHello dear subscribers!
The dollar price will fall,
because it is beneficial for Asia to keep the oil price at a record low.
The price will reach its targets.
If you liked this idea, please like and subscribe to my profile.
This idea does not provide the financial advice.
Breakthrough has FailedWe could not manage even to test the rising trendline, i.e. a new rise is going ahead. The former support has been re-conquered.
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.
(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.
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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 ;)
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 met
soon major upside on usd/cnh right now we are getting buys on the 7 hour time frame as the stochrsi momentum turn bullish
Breakout channelBreakout support look for short. Channel just breakout trend could be continue down.
USDCNHOverall a bearish trend,
We have a break of structure and selling off the retest to our previous low.
