Technical analyses - USD/CNH - Forex - Michael_Stark_Exness
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USD/CNH
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Michael_Stark_Exness has published a new analysis.
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Much stronger GDP and exports from China gave some support to the offshore yuan in the last few days but not enough to realise a notable recovery. There remains some concern over the job market in…
USD/CNH
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Michael_Stark_Exness has published a new analysis.
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Beyond recent changes in monetary policy, the yuan has received some support from news that major Chinese banks have been actively selling dollars to try to support the currency. The market is waiting…
USD/CNH
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Michael_Stark_Exness has published a new analysis.
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Although dollar-yuan has been in a fairly clear downtrend since last month, it has gained pace in the last few days as the probability of another double cut by the Fed in November has increased…
USD/CNH
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Michael_Stark_Exness has published a new analysis.
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Timeframe : Daily - Simple chart
USDCNH covered about half of last Friday’s spike on Monday and has continued to gain since. Volatility increased significantly since the end of last week, but it’s still unclear whether it’ll…
