- Trading
- Instrument Specifications
- Currency Pairs
- USD / CNH Investing
Trade USD / CNH | Spot Forex
USD/CNH Forex Trading Conditions
| Options | Standard-Fixed & Floating | Beginner-Fixed & Floating | Demo-Fixed & Floating |
|---|---|---|---|
| Fixed spread, pip | 15 | 15 | 15 |
| Floating Spread, pip | 15 | 15 | 15 |
| Order distance, pip | 30 | 30 | 30 |
| Swap, pip (Long/Short) | -6.27 / -7.57 | -6.27 / -7.57 | -6.27 / -7.57 |
| Digits | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | >=10000.00 USD | 100.00 – 100000.00 USD | >=100.00 USD |
| Contract size | -/- | -/- | -/- |
|
1 pip value per 100000 | 10 CNH | 10 CNH | 10 CNH |
| Options | Standard-Fixed | Micro-Fixed | Demo-Fixed | PAMM-Fixed |
|---|---|---|---|---|
| Fixed spread, pip | 15 | 15 | 15 | floating |
| Order distance, pip | 30 | 30 | 30 | 30 |
| Swap, pip (Long/Short) | -6.27 / -7.57 | -6.27 / -7.57 | -6.27 / -7.57 | -6.27 / -7.57 |
| Digits | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | 0.1 – 10000 lot | 0.01 – 1 lot | 0.01 – 10000 lot | 0.01 – 10000 lot |
| Lot size | 100000 USD | 100000 USD | 100000 USD | 100000 USD |
|
1 pip value per 1 lot | 10 CNH | 10 CNH | 10 CNH | 10 CNH |
| Options | Standard-Floating | Micro-Floating | Demo-Floating | PAMM-Floating |
|---|---|---|---|---|
| Floating Spread, pip | 15 | 15 | 15 | 15 |
| Order distance, pip | 30 | 30 | 30 | 30 |
| Swap, pip (Long/Short) | -6.27 / -7.57 | -6.27 / -7.57 | -6.27 / -7.57 | -6.27 / -7.57 |
| Digits | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | 0.1 – 10000 lot | 0.01 – 1 lot | 0.01 – 10000 lot | 0.01 – 10000 lot |
| Lot size | 100000 USD | 100000 USD | 100000 USD | 100000 USD |
|
1 pip value per 1 lot | 10 CNH | 10 CNH | 10 CNH | 10 CNH |
USD CNH Trading Hours
USD CNH trading hours are the time when investors can buy and sell USD CNH. The USD CNH is traded on multiple exchanges around the world. This means that investors have many different opportunities to trade USD CNH during different trading hours. Depending on where you live, you may be able to trade USD CNH at any time throughout the day or night. For those who want to take advantage of these opportunities, it is important to know when USD CNH trading hours begin and end.
Technical Analysis
The technical analysis of the USDCNH price chart on 4-hour timeframe shows USDCNH,H4 is retracing up toward the 200-period moving average MA(200) and is moving to test the MA(200) which is declining. We believe the bullish movement will continue after the price breaches above the upper bound of the Donchian channel at 7.1778. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 7.1682. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex -
China’s economy grew faster than the forecast in the second quarter. Will the USDCNH price retracing up continue?
The National Bureau of Statistics reported today China’s economy grew 5.2% in the second quarter from a year earlier after 5.4% growth in first quarter when a 5.1% increase was expected. At the same time China’s industrial output growth was above forecast : China’s Industrial Production rose by 6.8% over year in June after a growth of 5.8% in May when 5.6% growth was forecast. Higher than forecast Chinese economic expansion is bullish for Chinese currency and bearish for USDCNH pair. However, the current setup is bullish for the pair. At the same time, slower than forecast growth of retail sales is a downside risk for USDCNH: the National Bureau of Statistics of China reported also that retail sales increased by 4.8% over year in June, down from 6.4% in May and slower than 5.2% increase forecast.
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Sell |
| Fractals | Buy |
| Parabolic SAR | Buy |
Trade Currency Pairs and discover the benefits of Forex trading with IFC Markets
Currency Pair USDCNH | Forex | Exotic
The US dollar (USD, “Greenback”) is the most widely traded currency in the world. The issuer is the Federal Reserve System(the Fed).
- Is the most popular reserve currency, held by central banks, financial institutions and private investors
- Is considered as a “safe haven” currency in periods of instability due to universally recognized reliability of the US economy
- Is used as a standard payment unit in commodity markets
