USD/CNY - US Dollar to Chinese Yuan
- USD/CNY6.7709-0.0015(-0.0221%)16:27:51(GMT)|Real-Time Data, Currency in USD
- Open6.7724Bid/Ask6.7699/6.7719
- Day's Range6.7659 - 6.8117SymbolUSDCNY
- Classforex
USD/CNYForecasts
all forecasts- FX Empire
Weekly Market Outlook: 16-22 July 2018
Is Trade War Really A Good Thing For The US?The uncertainty surrounding the trade war between the U.S. and China has eased recently after the two world largest economies have signaled their intention to sit at the negotiation table. In addition, investors also started to realize that the effects of
- Lukman Otunuga
Risk Aversion Intensifies as China Strikes Back
This tit-for-tat action was an uncharacteristically speedy response from Beijing, coming barely two weeks after President Trump slapped $60 billion worth of tariffs on Chinese imports. Interestingly, it appears that the Chinese response is aimed squarely at the Trump heartland, with states that voted for the former reality TV star
- Nenad Kerkez
USD/JPY Triple Bottom Pattern Consolidation Breakout
As the BoJ commences a slow process of tapering, this in theory has pushed traders into buying JPY. We already saw it in my previous GBP/JPY analysis. In addition, this has the side-effect of selling risky assets, and we saw Equities pullback from recent highs in alignment with rising JPY demand. Whilst
- Nenad Kerkez
WTI is Bullish but Watch for Crude Oil Inventories Data
Earlier this week, Oil prices rose as U.S. crude stockpiles showed a drawdown larger-than-expected late last week. In addition, Britain’s largest pipeline from its oil and gas fields in the North Sea had an unexpected shutdown for several weeks due to cracks appearing. This pipeline carries about 450,000 barrels per
- Franco Shao
USD/CNH Formed Triangle Pattern On Daily Chart
The USDCNH pair formed a triangle pattern on its daily chart for several weeks. All we can do is wait for a breakout to occur. The price is facing the upper line of the pattern now at around 6.6390. A breakout of this trend line could signal resumption of the
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USD/CNYTechnical Analysis
Summary
- Moving AveragesSELL(10)
- IndicatorsNEUTRAL(6)
Moving Averages
| SIMPLE | EXP. | WEIGHTED | |
|---|---|---|---|
| MA (5) | 6.7731 | 6.7729 | 6.7729 |
| MA (10) | 6.7737 | 6.7742 | 6.7725 |
| MA (20) | 6.7801 | 6.7752 | 6.7760 |
| MA (50) | 6.7664 | 6.7638 | 6.7750 |
| MA (100) | 6.7332 | 6.7411 | 6.7538 |
| MA (200) | 6.7008 | 6.7008 | 6.7248 |
Trend Indicators
| MACD (12,26,9) | 0.0007 |
| ADX (14) | 23.4559 |
| RSI (14) | 48.1971 |
| Williams %R (14) | -86.0558 |
| Stochastic RSI (14) | 60.3523 |
| ROC (10) | -0.3063 |
| CCI (14) | -58.9468 |
| Ultimate oscillator (7,14,28) | 51.122 |
| Stochastic Fast (14) | 13.9442 |
| ATR (14) | 0.01 |
| BBands (20) | 0.0421 |
Pivot Points
| name | s3 | s2 | s1 | pivot | r1 | r2 | r3 |
|---|---|---|---|---|---|---|---|
| classic | 6.7665 | 6.7684 | 6.7696 | 6.7715 | 6.7727 | 6.7746 | 6.7758 |
| fibonacci | 6.7684 | 6.7696 | 6.7703 | 6.7715 | 6.7727 | 6.7734 | 6.7746 |
| camarilla | 6.7670 | 6.7672 | 6.7675 | 6.7715 | 6.7742 | 6.7745 | 6.7745 |
| woodie | N/A | 5.0755 | 3.3838 | 5.0786 | 3.3869 | 5.0817 | N/A |
| demark | N/A | N/A | 6.7690 | 6.7712 | 6.7721 | N/A | N/A |
| name | s3 | s2 | s1 | pivot | r1 | r2 | r3 |
|---|---|---|---|---|---|---|---|
| classic | |||||||
| fibonacci | |||||||
| camarilla | |||||||
| woodie | |||||||
| demark |
