I'm bullish on USDCNH for a while. Chinese Renminbi was strong last year due to the quick recovery from covid-19 crisis. Now it's the U.S. turn as more American people got vaccinated.
Not mention the investors' projection of rate hike to contain inflation.
Previously, I mentioned in my published idea that I'm concerned on CSI300 and Hang Seng index. The rising exchange rate of USDCNH will hurt the stock markets. I will eye on the uprising speed.
To be a qualified trader or investor, you got have your trading/investment framework which required standardized process to help us make informed trading/investment decisions. I'd like to explore the cause-effect relations between different assets or underlying. That will enhance my winning ratio and have a peaceful mind.
Enjoy your trade and give me a like and follow if you think my idea is useful.
Not mention the investors' projection of rate hike to contain inflation.
Previously, I mentioned in my published idea that I'm concerned on CSI300 and Hang Seng index. The rising exchange rate of USDCNH will hurt the stock markets. I will eye on the uprising speed.
To be a qualified trader or investor, you got have your trading/investment framework which required standardized process to help us make informed trading/investment decisions. I'd like to explore the cause-effect relations between different assets or underlying. That will enhance my winning ratio and have a peaceful mind.
Enjoy your trade and give me a like and follow if you think my idea is useful.
Note
It goes deep into the key supply zone. It's very likely that the zone will be broken through.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
plan your trade and trade your plan
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.