djmitchb

USDCHN

Viés de alta
FX:USDCNH   U.S. Dollar/Chinese Yuan
Long, extremely bullish for this pair. Passed 200MA weekly last week without a problem and held. A major trendline from 2014 and March 2018 is established. it is breaking out of all main channels. If we break channel at 6.56 we should see a move further than the ATH at 7. this currency is not a DXY currency and I believe the chinese do not want it to appreciate against the USD it is bad as an exporter and it is bad as a big bondholder of US debt.

GL
Aviso legal

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