USD/CNY - US Dollar to Chinese Yuan
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USD/CNY FORECASTSview all
USD/CNH Broke Above Key Resistance
USDCNH’s bullish movement from the June 1 low of 6.7210 extended to as high as 6.8583 and broke above the key resistance at the March 15 low of 6.8450, suggesting that the long term uptrend from the January 2014 low of 6.0152 has resumed. On the upside The USDCNH pair stays above the bullish trend … Continue reading USD/CNH Broke Above Key Resistance
USD/CNH Rebounded Away From Channel Support
After breaking above the bearish trend line from 6.8876 to 6.8351 on its 4-hour chart, the USDCNH pair continued to break above the major resistance at the June 2 high of 6.7918, and is now trades in 6.8200 area, indicating that the bearish movement from the May 9 high of 6.9171 had completed at 6.7210 … Continue reading USD/CNH Rebounded Away From Channel Support
USD/CNH Broke above Bearish Trend Line
USDCNH recently broke above the bearish trend line from the May 24 high of 6.8876 to the May 31 high of 6.8351 at 6.7725 on its 4-hour chart and is now facing the 6.7918 resistance. A break of this level will confirm that the bearish movement from the May 9 high of 6.9171 had completed … Continue reading USD/CNH Broke above Bearish Trend Line
USD/CNH Formed a Short Term Bottom
After touching the bottom support trend line of the price channel on the weekly chart, USDCNH rebounded strongly from 6.7210 to 6.7918, indicating that a short term bottom had been formed. Will the Downtrend Continue? There is a bearish trend line from the May 24 high of 6.8876 to the May 31 high of 6.8351 … Continue reading USD/CNH Formed a Short Term Bottom
USD/CNY NEWSview all
Big Data and Big Speculation will set the Tone for the Week
Global markets will be watched closely today to see if a speculative sentiment is able to find momentum. The U.S will issue its Core Durable Goods Orders numbers and tomorrow Chairwoman Janet Yellen will be speaking. Important U.S. Data on the Calendar The Core Durable Goods Orders statistics will be released today from the States. … Continue reading Big Data and Big Speculation will set the Tone for the Week
Morning Market Update – AUD eases up
The minutes from the June Reserve Bank of Australia (RBA) meeting revealed that the interest rates will be kept unchanged at 1.5%. The board suggested that the developments in the labor and housing markets should be watched carefully. Australia House Price Index (QoQ) met the forecasted value of 2.2% in the first quarter and Australia … Continue reading Morning Market Update – AUD eases up
Morning Market Update – Japanese Yen in Trouble
We begin the week with South Korea’s Producer Price Index Growth (YoY) dropping down from a previous value of 4% to 3.5%. New Zealand continues its growth with New Zealand’s Westpac consumer survey rising up to 113.4 in the second quarter from a previous value of 111.9. Yen’s data results were not in line with … Continue reading Morning Market Update – Japanese Yen in Trouble
Morning Market Update – Pound might Resume
Japanese BSI Large Manufacturing (QoQ) went down below the forecasted values (1.5) in the second quarter: Actual (-2.9). The National Australia Bank’s Business Confidence dropped down from a previous value of 13 to 7 this month. The People’s Bank of China (PBOC) set the Yuan reference at 6.7954 versus yesterday’s fix of 6.7948. Moving on … Continue reading Morning Market Update – Pound might Resume
USD/CNY Technical Analysis
TECHNICAL SUMMARY
Moving Averages
| SIMPLE | EXP. | WEIGHTED | |
|---|---|---|---|
| MA (5) | 6.8048 | 6.8046 | 6.8046 |
| MA (10) | 6.8050 | 6.8051 | 6.8048 |
| MA (20) | 6.8062 | 6.8057 | 6.8055 |
| MA (50) | 6.8062 | 6.8058 | 6.8063 |
| MA (100) | 6.8049 | 6.8044 | 6.8057 |
| MA (200) | 6.8009 | 6.8009 | 6.8039 |
Trend Indicators
| MACD (12,26,9) | -0.0006 |
| ADX (14) | 14.7965 |
| RSI (14) | 36.2685 |
| Williams %R (14) | -71.1111 |
| Stochastic RSI (14) | 12.098 |
| ROC (10) | -0.0397 |
| CCI (14) | -124.008 |
| Ultimate oscillator (7,14,28) | 50.4709 |
| Stochastic Fast (14) | 28.8889 |
| ATR (14) | 0.006 |
| BBands (20) | 0.0055 |
Pivot Points
| Name | S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| classic | 6.7956 | 6.7985 | 6.8011 | 6.8039 | 6.8066 | 6.8094 | 6.8121 |
| fibonacci | 6.7985 | 6.8006 | 6.8018 | 6.8039 | 6.8061 | 6.8073 | 6.8094 |
| camarilla | 6.7970 | 6.7974 | 6.7979 | 6.8039 | 6.8098 | 6.8103 | 6.8107 |
| woodie | 5.0975 | 3.3991 | 5.1030 | 3.4046 | 5.1084 | ||
| demark | 6.8011 | 6.8039 | 6.8066 |
| Pivot | S3 | S2 | S1 | N | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| classic | |||||||
| fibonacci | |||||||
| camarilla | |||||||
| woodie | |||||||
| demark |