简体中文
ภาษาไทย
繁體中文
Indonesia
USDCNH: Narrow finishing
2023-01-25
1051
Fundamental analysis:
USD/CNY remained oscillating around 6.78361, as Chinese stocks are regaining their popularity in global portfolios, with investors adding more positions than short sellers in eight of the past 10 weeks. Chinese stocks saw the largest cumulative four-week net buying since the bank started tracking the data.
US dollar RMB USDCNH - the 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term entanglement in the low position maintains a weak and narrow range, the market as a whole is in a weak position, both long and short forces are in a state of anxiety, the MACD indicator is hovering around the 0 axis, and the RSI indicator is in a weak order on the side of the 50 balance line;
Long-short turning point: 6.77684
Suppression: 6.79664, 6.80904
Support: 6.76513, 6.75270
Trading strategy: Bullish above 6.77684, target 6.79664, 6.80904
Alternative strategy: bearish below 6.77684, target 6.76513, 6.75270
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 AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
