USDCNH trade ideas
ORBEX: TOO Many "Insurance" CUTS! Where Risk Takes Us?In today’s #marketinsights video recording, I talk about #Fed's rate cut and identify the main components leading to their decision.
I also talk about their decision toolbox and wonder whether they should start looking at slowing inflation with a different eye? One that doesn't look at trade wars with such certainty.
With Fed, BOC and now also BOJ out, we can't miss the opportunities appearing on #cadjpy and #usdcnh, can we?
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
USDCNH bounced from support, potential for a further rise!
USDCNH bounced off 7.03548 where it could potentially rise further to 7.10789.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCNH bounced from support, potential for a further rise!USDCNH bounced off 7.04673 where it could potentially rise further to 7.10789.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCNH approaching support, potential for a bounce!
USDCNH is expected to drop to 1st support at 10.67524 where it could potentially react off and up to 1st resistance at 10.74484.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCNH bounced from support, potential for a further rise!
USDCNH bounced off 7.05036 where it could potentially rise further to 7.10789.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USD/CNH: Revisit short in USDCNHWith US and China likely to have found a temporary truce in their Trade War till the APEC meeting in Nov, and USDCNH trading into the daily Ichimoku cloud, the time to re-visit a short in USDCNH may soon be at hand!
its a buy acording to my analysis because it forms a H and Sthere is a pennent on h4 and a shoulder head and shoulders patter givin us a valid reason to go long
USDCNH HEAD & SHOULDER USDCNH form Head & Shoulder Bearish pattern
Nick Line already broken but some up correction wave push price up , now price fulling down to continue bearish direction
Volume Profile show all areas could hold price a while
Tradeagreement? This chart tells a different storyReportedly China and the US have agreed on phase 1 of a trade agreement. China agreed to not further devalue its currency and buy more soy beans from the US. However this agreement has not been signed so far. Looking at the USD/CHN chart it looks like this story will be a different one. CNH has significantly weakened and broken out to the upside a 3 wave pullback ABC should now be in play with the trade talks. However after it looks like as we have formed a valid and significant break to the upside which should resume the direction to the upside once the abc pullback has finished, meaning the CNH will further devalue compared to the Dollar.
