USDCNYCup and handle pattern structure formed, wait for the good entry at the above resistance level breakout after entering the buy position and another for trend line support level breakout after entering the sell position
USDCHY ANALYSIS Symmetrical triangle pattern structure formed, Wait for the trend line breakout after entering the trade
ANALISIS DEL YUAN PARA OPERACION COMPRAANALISIS DEL YUANG EL 24 DE JUNIO EN M&W PARA OPERACION LONG EN SWING TRADE O TECNICA SCALPING
Bullish on USDCNYUS Dollar to Chinese Yuan (USDCNY) is showing bullish divergence on the daily chart. I am looking at a Long with the initial target of 6.59 from here.
Yuan free float long term tradethe china's central bank the PBOC might devalue their currency because last year they burnt 1 trillion in their forex reserves but this year there will be at least 3 rate hikes by the fed this should make the strong this is actually a one sided bet because even if the PBOC dont devalue their cur
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.