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- Instrument Specifications
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- 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 / -7.61 | -6.27 / -7.61 | -6.27 / -7.61 |
| 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 / -7.61 | -6.27 / -7.61 | -6.27 / -7.61 | -6.27 / -7.61 |
| 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 / -7.61 | -6.27 / -7.61 | -6.27 / -7.61 | -6.27 / -7.61 |
| 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 advancing above the 200-period moving average MA(200) after returning above MA(200) following a retreat to 9-month low a week ago. RSI indicator is in overbought zone. We believe the bullish movement will continue after the price breaches above the upper bound of the Donchian channel at 7.2221. 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 7.2026. 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 manufacturing sector activity declined in July. Will the USDCNH price rebounding persist?
China’s manufacturing sector unexpectedly shrank: the SP Global reported the Caixin Manufacturing PMI fell to 49.5 for July from 50.4 for June when a decline to 50.2 was forecast. Readings above 50.0 indicate industry expansion, below indicate contraction. Business activity in manufacturing sector contracted driven by a sharper decline in new export orders. It was the second month since October 2023 that output fell due to a slowdown in new orders growth. Employment declined and supplier performance continued to deteriorate due to shipment delays and supplier shortages. After falling over the previous two months, purchasing activity expanded despite a rise in input costs for the first time in five months driven by higher raw material prices. At the same time selling prices fell as market competition intensified. While this was the second contraction in factory activity in three months, business sentiment improved on hopes of better economic conditions and expectations that promotional efforts will help boost sales in the year ahead though overall optimism remained below the series average. Chinese manufacturing activity contraction is bearish for Chinese yuan and bullish for USDCNH pair.
| Indicator | Signal |
| RSI | Sell |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Neutral |
| Fractals | Buy |
| Parabolic SAR | Buy |
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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
