bitcoin 3rd wave begins today :D#ltc on long support, #btc beginning 3rd wave, #btce alts accumulating. omg! moon!Longby litepresence113
spx500 and usdcny ben quiet too longHaven't posted in a while. Just really don't like it when I am wrong, admit it, and get rude and insulting comments from guys like Fibline, etc. Posting charts is sharing wealth and info in the pursuit of wealth, and sometimes the pain of losses that come with trading. At first I decided jerks like Fibline don't deserve my info. But then, why let one person or people like him, spoil the sharing aspect of this community. So, I noticed this little, off path, gem. And really do want everyone to profit as much as possible, so I am sharing. If I am wrong, lets all be humble and not insulting OK? It is difficult enough to loose real money in that case, and when someone insults or rubs it in, is just wrong. by claydoctor2
USDCNY LONG at 6,3570-6,4150 area if the price below at 6,4570 position must be short..short target is at 6,4150-6,3570.. The important thing when the price going to go at 6,3570-6,4150 area position will be long..price target at 6,65-6,70.. Lets try it..Longby sungurmehmet334
USDCNY 5.dalga if the price below at 6,4570 position must be short..short target is at 6,4150-6,3570.. The important thing when the price going to go at 6,3570-6,4150 area position will be long..price target at 6,65-6,70.. Lets try it..Longby sungurmehmet1
USDCNY : Long Term ViewHi Traders, In the last few days I couldn´t post new tradng ideas because I´m working on launch of a new FX fund from Switzerland. It caught to my attention the pair USDCNY , we might have reached a critical key level for chinese authorities. As a reminder USDCNY is not trading freely . I´m positioned long for the pair while above 6.50 Happy Easter Regards Josep Pocalles Longby Realisto_FX115
Consolidation is a pause for bullish continuationFrom the monthly chart in Mar., the price formed a doji within a tight price range between 6.6-6.45. My bias is to keep bullish on US dollar against RMB, but short-term consolidation within 6.6-6.45 range is necessary to breakout 6.6 level. by ran.wang.50950
USD/CNY Cup & Handle pattern.USD/CNY Cup & Handle pattern forming over a 6 year period starting from 2010 highs. by BitterSweetMarkets2
Big action on Dollar StrengthInteresting to see the inverse correlation vs. the Dow in the last 4 months. by BreakoutTheory0
ANOTHER FALL IN THE CHINESE ECONOMY? USDCNYThis is a rising pattern with momentum to the upside because of the same pattern repeating again. First let me explain this pattern. This is a breakout to the upside pattern because the downtrend always gets rejected upon intersecting the curve be either in the form of flat, failed descending wedge or failed descending triangle. This pattern is generally observed in stocks where noticing that its slowly descending , start selling so that larger institutions with a long term view start buying. Another thing I want you guys to look at is the Shanghai index . Any decent technical trader can draw a pattern and realize that it's still going down by 10-15%. For fundamental proof, take a look at economic data china releases every week and its so obvious that they are trying to show that the economy is improving but in reality their markets are going down. Another thing is that almost all the large hedge funds are betting against the chinese yuan (you obviously know about the warning China had given to Soros on betting against yuan). To make a lot more profit , its even better to short chinese stocks like Baidu , Alibaba and Commodity futures like oil and copperLongby thescalpmaster3
USDCNH Volatility isn't the Only Crack in China's EffortsWe have been watching the volatility for the Yuan/Renminbi as a signal of the market pressure levied on Chinese officials. However, that is only one stress point for the financial-economic balance the government is trying to strike. Another FX outlet is the HKD which is the gateway for much of the capital flow into and out of China. And, where USDCNY may have settled, USDHKD has soared even further.by JohnKicklighter5
usdcny is my focus nowThe Yuan and Yen are effecting everything. Asian markets down, Oil down, but US futures and Europe up? Why? The Yuan strength and Yen weakness. But usdcny is about done its move, oversold, so we see rsi at TL, and price. Longby claydoctor1
CNY FURTHER DEVALUATION! (RED IS GOOD!)China. It's been in the media? It's being painted as the bad guy! Well unlike Kim Jong Un Dropping H-Bombs China will drop some more bombs in the future but it will be devaluaing the Yuan Yuan is now in the SDR and many countries are going to start adopting more and more. We see a devaluation to 6.8 maybe slightly further until you will see the yuan gain any more strength against global currencies. Zhu ni hao yun!Longby ctombm0
USDCNY Long Setup 12/12/15 (Long-term)We have a conservative long setup for USDCNY. We expect that USDCNY will reach 6.8 in early 2017. Target: 6.82 - 6.83 Entry Limit: 6.40 Stop Loss: 6.26 Longby ZLu2
if Fed to increase interest and then what happens ? Is deflation in the world? Going ... China's currency could be devalued and said that it was inevitable months began to be discussed in advance. It must be prepared to let the country's economy. As is known, reduction of price deflation is falling. Although this might sound pleasant to the ear is a great example of the historical experiences of hazard events it could be shown to halt production of the 1929 Great Depression era. The risk of deflation in the national economy, production is affected as follows: Price decreases, increases the value of money but in the psychology of deflation environment is as follows: the consumer does not purchase prices reduce Seeing consumption is sustained fall since prices thinkers will fall further and the economy begins to slow trading scarcity due to the production decrease, employment decrease, national income falls begin to investors, traders, companies are worrying too could fall in price by acting with the same thoughts and they are not included in investment or take any action. Chinese Economy and Fed Interest Rate Increase Fibonacci %236 Level Now : 6.15 Now : FX_IDC:USDCNY Fibonacci % 382 Level Now : 8.32 Now : FX_IDC:EURUSD Fibonacci %021 Level Now : 6.30 Now : INDEX:DXY Best Regards by Lemnos12
The Yuan Wasn't Taking Advantage of the Dollar's Fed RiseMost of the majors have experienced a significant depreciation in recent years thanks to the Fed's shift from an exceptionally accommodation monetary policy position. As the Fed started to talk about hikes, other central banks pursued easing efforts leading their currencies to depreciate versus the Dollar. That was an economic prop for those economies. But, through the rate hike countdown, the Yuan never took advantage - much to China's leaders' chagrin. This likely added to the pressure to devalue.by JohnKicklighter4
Devaluing the Yuan isn't Uncharted TerritoryUSDCNY has seen much larger revaluations by Chinese authorities in the past, but it has been 20 years since the last large Yuan devaluation. Does this conflict with their aim to have a market-derived exchange rate?by JohnKicklighter5