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Many land markets recovered, and the US dollar and RMB fell slightly

2022-05-25
891
Fundamental analysis:


Recently, many places have issued adjustment policies for the land market, optimized land transfer conditions and stimulated the vitality of the land market, including reducing the proportion of deposit, delaying payment time, stabilizing the supply of residential land and supporting the construction of high-quality and improved residential communities. From the recent situation, there are signs of recovery in some urban land markets

Usdcnh # daily chart:


Technical analysis: the daily moving average is arranged at many ends, but the line is weak, the exchange rate continues to fall, MACD runs on the 0 axis and the volume can shrink slightly, RSI weakens, and it is expected that the short-term exchange rate probability will further decline.

Long short turning point: 6.6416

Resistance level: 6.7600 to 6.8870

Support position: 6.5385 to 6.4260

Trading strategy: above 6.6416, bullish, the target price is 6.7600, and then 6.8870.

Alternative strategy: under 6.6416, bearish, the target price is 6.5385, and then 6.4260.


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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