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USD/CNH
USD CNH
- CNH (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDCNH
ISIN:

USD/CNH - Daily - Technical analysis published on 06/30/2023 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 7.19041 CNH
My targets
7.34266 CNH (+0.08026)
My analysis
The bullish trend is currently very strong on USD/CNH. As long as the price remains above the support at 7.19041 CNH, you could try to benefit from the boom. The first bullish objective is located at 7.34266 CNH. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

mkbnet
This analysis was given by mkbnet. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The USD/CNH rating is 7.26240 CNH. On the day, this instrument lost -0.10% with the lowest point at 7.25169 CNH and the highest point at 7.27341 CNH. The deviation from the price is +0.15% for the low point and -0.15% for the high point.

7.25169
7.27341
7.26240

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this USD/CNH chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily


RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 6.98157 7.19041 7.24632 7.26240 7.34266
Change (%) -3.87% -0.99% -0.22% - +1.11%
Change -0.28083 -0.07199 -0.01608 - +0.08026
Level Major Major Minor - Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.199677.216617.243117.260057.286557.303497.32999
Camarilla7.257677.261667.265647.269627.273607.277587.28157
Woodie7.204467.219007.247907.262447.291347.305887.33478
Fibonacci7.216617.233207.243457.260057.276647.286897.30349


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.053007.090757.153137.190887.253267.291017.35339
Camarilla7.187967.197147.206327.215507.224687.233867.24304
Woodie7.065317.096917.165447.197047.265577.297177.36570
Fibonacci7.090757.129007.152637.190887.229137.252767.29101


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.726216.811236.964307.049327.202397.287417.44048
Camarilla7.051897.073717.095547.117367.139197.161017.18284
Woodie6.760236.828246.998327.066337.236417.304427.47450
Fibonacci6.811236.902186.958377.049327.140277.196467.28741

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 72.20
MACD (12,26,9): 0.0523
Directional Movement: 19.88521
AROON (14): 64.28571
DEMA (21): 7.25167
Parabolic SAR (0,02-0,02-0,2): 7.17221
Elder Ray (13): 0.05272
Super Trend (3,10): 7.14841
Zig ZAG (10): 7.26240
VORTEX (21): 1.1858
Stochastique (14,3,5): 90.52
TEMA (21): 7.26120
Williams %R (14): -8.46
Chande Momentum Oscillator (20): 0.09142
Repulse (5,40,3): 0.4956
ROCnROLL: 1
TRIX (15,9): 0.0985
Courbe Coppock: 2.71
MA7: 7.23682
MA20: 7.17964
MA50: 7.06989
MA100: 6.98132
MAexp7: 7.23640
MAexp20: 7.18284
MAexp50: 7.09524
MAexp100: 7.02476
Price / MA7: +0.35%
Price / MA20: +1.15%
Price / MA50: +2.72%
Price / MA100: +4.03%
Price / MAexp7: +0.36%
Price / MAexp20: +1.11%
Price / MAexp50: +2.36%
Price / MAexp100: +3.38%

Quotes : - Real time data - Forex

News


Don't forget to follow the news on USD/CNH. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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