简体中文
ภาษาไทย
繁體中文
Indonesia
USDCNH: Step vibration downward
2022-10-06
1182
Fundamental analysis:
The USD/RMB remained volatile around 7.06448, and the World Trade Organization released an updated report on trade forecasts in Geneva. Due to the pressure of multiple shocks on the global economy, the WTO predicts that global trade will lose momentum in the second half of 2022 and remain sluggish in 2023.
USD/RMB USDCNH - 4-hour K line chart shows:
Technical analysis:
The 4-hour chart shows that short positions emerge in the market, and the short-term decline moves downward in a ladder like manner. MACD indicators remain in the short positions area, and RSI indicators remain in the weak position below the 50 equilibrium line;
Empty turning point: 7.06901
Pressing: 7.08474, 7.10556
Support: 7.04514, 7.02839
Trading strategy: bearish under 7.06901, target 7.04514, 7.02839
Alternative strategy: bullish above 7.06901, target 7.08474, 7.10556
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
