Another fib projection idea for the USDCNHI'm publishing this fib projection on USDCNH for reference later, to see if any of the upcoming levels are respected.
USDCNH
USDCNH 3day with Trend-based-fib pull - expecting 4.618-5 testThis is the USDCNH on the 3day. Big breakout day today, breaking pretty major weekly/monthly/quarterly highs here. I'd start looking for shorts/profit targets around that 4.618-5 area, I'm thinking we test 7.2-7.25.
USDCNH short opportunity sistance here, got some great R:R, is worth a punt imo . Stop invalidates the setup, potentially looking to long if this trade becomes invalid. Ideally would like to see that gap getting filled. GL
Chart of the day: $CNH is knock knock knocking on $7If the Donald wants to play rough with China, will the Chinese continue to play nice by suppressing the RMB?
USDCNH correction over, trend resumes Here we are coming to the end of the corrective wave within the underlying bull trend. The time has come to start getting to work on the top-side here again, this is a move we have been tracking for some months (see attached).
We are going to be exploring the speed limit of the dollar over the next few months so buckle up and get ready for some very large moves across FX . Like the rest of the USD board, markets have been corrective and now is the time to re-establish upside exposure. Initial targets for the weekly move come in at 6.97 .
There is scope to continue as far as 7.10 and 7.20.
Best of luck those who are navigating around the US-China trade flows.
USD/CNH SHORT IDEAWe see a bearish impulse down. Price is now in corrective phase. Expecting to see a continuation downward followed by another flag. Trade at your own risk. This idea is for demonstration and educational purposes only.
#FXinsights USD inFOCUS w/ #TradingViewTOOLKITP.R.O. METRICS Price Action & Momentum +/- PIP POTENTIAL
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USDCNH down we go???Looks like the FX_IDC:USDCNH is going down as the CNH is strenghtening because it is getting obvious now Xi is getting the better part of the trade war deal and Trump might have been outsmarted. As this trade has got a huge downward potential it's something I want to be in. Th break of this flag and retest looks like a good start to building a position.
short USDYUAN @ 6.95SL: 7.02
TP: 2R
don't overanalyze, Trading is not about Analyze, be a Trader, not a Predicter
Can you afford to ignore the Renminbi rally? NO!What happened last time...:
Clearly, we hit a very strong support...
What's this? It's a Bird...It's a Plane... NO! It's the Chinese Renminbi making a double bottom on the monthly chart! And a higher LOW! WOW!
The US are turning socialist and the FED have DESTROYED the us dollar. It is getting abandonned.
China is becoming a TITAN and the Yuan is a new PARADIGM! The new worldwide monetary system.
Those that do not buy a whole lot of little yuans now or soon will regret it for the rest of their lives.
USA vs China / TRADE WAR $USDCNH ... Cup & Handle pattern right there in the bigger picture.
We then got a rising wedge shorter term. Why? Look at the #TradeWar and it makes perfect sense. Wait for confirmations and you got a safe setup right there ! The Trade War is going on and it´s getting harder and harder every week for both the USA and China. So guess where this pair might go?
Look at the very least for a 1:1 ratio or much more.
#Forex #Trading #FX #Finance #Money #Investing
USDCNH to retest 6.8Not supposed to raly like this. USD not that strong. On this chart it is at a premium compared to normal.
Also, USDCNH has been following USDTRY with a delay:
USDSEK went down too even. Time for USDCNH.
Long Put USD/CNHAfter a long rally, the dollar looks weaker during the last sessions (as a whole). So, Long put against their formidable adversary, and we will adjust accordingly if things go the other way. It's easy to do with options (one should always hedge their positions anyway).
Good luck and take care!
USD/CNH (We can see some pull back first)View On USD/CNH (27 May 2019)
We can see that it has hit decent strong resistant region of (6.9 to 6.95) and it make take a pullback for now.
So, it can make a pullback to 6.88 to 6.86.
So, do not aggressively go LONG at this moment.
All the best.
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Spike in Yuan Spread: Prelude of what will happen to YuanSpike in Yuan Spread: Prelude of what will happen to Yuan
Welcome back to WasabiChart!
Hi Everybody~ This is Wasabi.
I how you all enjoy a great weekend.
Today, I am going to introduce a new indicator showing the spread of the two Yuan currencies, CNH and CNY, in percent and we can apply to the current market situation.
The first chart is China Shanghai Index (SSE Composite) and the second one is USDCNH (Offshore Yuan).
As you might know, the CNY has a long history of the Chinese Yuan currency, circulated only inside of the mainland China. As compare to this, there's another Yuan currency circulated and traded outside of the mainland China, which is called CNH, also known as the offshore Yuan currency.
This CNH is currently being traded in multiple places such as Hong Kong, Singapore, London and Luxembourg. Due to the limitation of the access to the CNY by the foreign investors, there has been some degree of spreads in between.
With the recent rise in the tension of the US-China trade war, the spread between the two Yuan currencies is heightened remarkably.
The indicator line will be in red when it crosses above +0.25 % in the spread and in blue when under -0.25%.
When he USDCNH and/or USDCNY crosses above 7, we will see them skyrocket to the moon.
I hope you find it useful to assess where the Yuan currency is.
Happy trading!
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WasabiChart
USDCNH - Hourly/Daily UpdateUSDCNH about to reach another climax. watch out for the sharp drop.
Please share your thoughts and views on my analysis and don't forget to like it and share with others.
