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Ministry of industry and information technology: the long-term fundamentals of China's economy have not changed

2022-05-19
1029
Fundamental analysis:

At the regular policy briefing of the State Council, Xu Xiaolan, Vice Minister of industry and information technology, said that the economic operation of small and medium-sized enterprises had a generally stable start. For example, small and medium-sized enterprises in the service industry and small and medium-sized enterprises at the end of the industrial chain have some business difficulties. The new round of epidemic has brought a great impact on the economic operation of small and medium-sized enterprises, and the fundamentals of China's economy for a long time have not changed.


USD and RMB usdcnh - 4-hour K-line diagram shows:



Technical comments: the high short power maintained the shock downward, and the low power began to reverse and move upward after reaching the node near 6.72415. The short-term long power waited for the opportunity to enter, and began to sort out after touching the node near the medium rail of the brin belt index. The brin belt index began to shift after closing, the MACD index was in the weak position under the 0 axis, and the RSI index was in the short area, maintained the shock and moved upward to the 50 equilibrium line;


Long short turning point: 6 seventy-six thousand four hundred and thirty-one


Pressing position: 6.80820, 6.83622


Support position: 6.73443, 6.70921


Trading strategy: 6.76431 is bullish, with targets of 6.80820 and 6.83622


Alternative strategy:  6.76431, targets 6.73443, 6.70921


The above analysis is a personal point of view and is for reference only.

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.

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