CM Trade

Download APP to receive bonus

GET

USD/CNH intraday: the downside prevails as long as 7.3353 is resistance

2023-10-26
120

Our pivot point stands at 7.3353.

Our preference: the downside prevails as long as 7.3353 is resistance.

Alternative scenario: above 7.3353, look for 7.3477 and 7.3550.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 7.3264 and 7.3274).

Supports and resistances:

7.3550 **

7.3477 *

7.3353 **

7.3304

7.3238 last

7.3089

7.3015 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More