USD/CNH Analisi Tecnica | USD/CNH Trading: 2021-09-20 | IFCM Italy
IFC Markets Online CFD Broker

USD/CNH Analisi Tecnica - USD/CNH Trading: 2021-09-20

USD/CNH Technical Analysis Summary

Accelerometer arrow
Forte Di VendereSellNeutroBuyForte Acquistare

Sopra 6,47

Buy Stop

Sotto 6,42

Stop Loss

Mary Wild
Senior Analytical Expert
Articoli 2058
IndicatorSignal
RSI Neutro
MACD Sell
MA(200) Neutro
Fractals Buy
Parabolic SAR Buy
Bollinger Bands Neutro

USD/CNH Chart Analysis

USD/CNH Chart Analysis

USD/CNH Analisi Tecnica

On the daily timeframe, USDCNH: D1 broke up the resistance line of the short-term descending channel. A number of technical analysis indicators have formed signals for further growth. We do not rule out a bullish movement if USDCNH rises above the last high: 6.47. This level can be used as an entry point. The initial risk limitation is possible below the last lower fractal and the Parabolic signal: 6.42. After opening a pending order, move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (6.42) without activating the order (6.47), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Analisi Fondamentale Forex - USD/CNH

The US dollar index is growing ahead of the next Fed meeting. Will the USDCNH quotes continue to rise?

The Federal Reserve meeting will take place on September 22nd. A change in the rate of 0.25% is not expected, but investors do not exclude a reduction in the economic stimulus program through the purchase of bonds. Now it is $ 120 billion a month. An additional positive for the dollar was the unexpected rise in the U.S. retail sales in August. In turn, the Chinese yuan came under pressure due to weak economic data in China. The rise in Industrial Production (+ 5.3%) and Retail Sales (+ 2%) in August was less than expected. Moreover, the growth in industrial production was minimal since July last year, and retail sales - since August. As a reminder, there will be a Mid-Autumn Festival weekend in China until Tuesday. An additional negative for the yuan may be the financial problems of China's largest construction company, China Evergrande Group.

IFCM Trading Academy - Nuova era nell'educazione Forex
Supera il tuo corso:
  • Ottieni certificato
trading academy

The best trading conditions and high-level services for our clients

We are ready to assist you on any issue 24 hours a day.

Note:
Questa panormaica è di carattere informativo-educativo e viene pubblicata gratuitamente. Tutti i dati compresi nella panoramica sono ottenuti da fonti pubbliche conosciute più o meno affidabili. Inoltre non c'è alcuna garanzia che le informazioni fornite siano precise e complete. Le panoramiche non vengono aggiornate. Tutta l'informazione in ciascuna panoramica, compresi indicatori, opinioni, grafici e o quant'altro, è fornita a scopo conoscitivo e non è un consiglio finanziario. Tutto il testo e qualsiasi delle sue parti, e anche i grafici non possono essere considerati un'offerta per effettuare un'operazione con un qualsiasi asset. IFC Markets e i suoi impiegati in alcun caso non sono responsabili per qualsiasi azione intrapresa sulla base delle informazioni contenute.

Close support
Call to Skype Call to messenger Call to telegram Call to WhatsApp Call Back