fbTechnische Analyse &CNHJPY | Chinese economy recovers faster than Japanese after quarantine | IFCM Germany

Technische Analyse &CNHJPY : 2020-06-03

Recommendation Yuan gegen Yen:

Buy
Stark Zu VerkaufenSellNEUTRALBuyStrong Buy

Above 15,27

Buy Stop

Below 14,87

Stop Loss

Expert Avatar
Senior Analytical Expert
Artikel 1587
IndicatorVALUESignal
RSI Sell
MACD Buy
MA(200) NEUTRAL
Fractals Buy
Parabolic SAR Buy
Bollinger Bands Buy

Chart Analysis

IFC Markets Tech Analysis

On the daily timeframe, CNHJPY: D1 has broken up the support line of the short-term downtrend. Now it is correcting up and trying to get out of the triangle . A number of indicators of technical analysis formed signals for a further increase. We do not rule out a bullish movement if CNHJPY rises above the resistance line of the triangle: 15.27. This level can be used as an entry point. We can set a stop loss below the Parabolic signal, the lower Bollinger line and the triangle support line: 14.87. After opening the pending order, we move the stop loss after the Bollinger and Parabolic signals to the next fractal minimum. Thus, we change the potential profit / loss ratio in our favor. After the transaction, the most risk-averse traders can switch to a four-hour chart and set a stop loss, moving it in the direction of the trend. If the price meets the stop level (14.87) without activating the order (15.27), it is recommended to delete the order: some internal changes in the market have not been taken into account.

Fundamentale Analyse

In this review, we propose to consider the “& CNHJPY” personal composite instrument (PCI). It reflects the price dynamics of the Chinese yuan against the Japanese yen. Will CNHJPY quotes grow?

The upward movement occurs with the yuan strengthening against the US dollar and the yen weakening. Chinese currency rises in price as chances to soften the political situation in Hong Kong increase. On Wednesday, Hong Kong’s head of administration, Carrie Lam, will visit Beijing and begin discussions with the Chinese authorities on the new national security bill. Previously, it was Carrie Lam who became the catalyst for protests in Hong Kong. Additional support for the renminbi was the very rapid recovery of the Chinese economy after quarantine caused by Covid-19. In particular, the Caixin Manufacturing PMI for May turned out to be better than forecasts and amounted to 50.7 points, which confirms the resumption of industrial growth. Car sales in China in May increased by 11.7% year-on-year. Japanese Jibun Bank Manufacturing PMI Final for May amounted to only 38.4 points, which is much weaker than the Chinese figure. Industrial production in Japan in April decreased by 14.4% compared to April 2019, while in China it increased by 3.9%.

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